RE:RE:RE:Cameco closed mines that provide 10%++ of the worlds uraniumR_J_ wrote: Marin Katusa Comments
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The uranium sector received a serious jolt this week when Canada’s largest uranium producer, Cameco, stated it was shutting down its McArthur River uranium mine, which produces over 10 million pounds of uranium.
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The price of uranium has jumped over $2 per pound and is now trading at $22.75.
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This is good for the industry and especially for uranium producers like Uranium Energy Corp.
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End Quote.
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By the Way, Marin Katusa is a major SYH shareholder.
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RJ
Thanks RJ. I was previously in UEC but had an opportunity to open a larger position in SYH, so I sold my position in UEC to make room. I’m very happy here and think UEC and SYH will do well. I think SYH will return more in the long run compared to UEC, but UEC is a safer play and should be returning more short term.
Can be a pretty quick 10+ bagger here over the next few years. SYH drill results have been amazing and they are setup to be one of the biggest takeover targets once uranium gets back to sustainable levels ($50+ per pound).
Uranium hit $22.90 today. I want to see positive reactor opening news or further cut backs from kazatomprom. Kazatomprom can’t, or is barely, making a profit here. After Kazatomprom’s cut earlier this year uranium hit $24. I have no idea why uranium went back to $20, or why it is only at $22.90 now. There are still disconnects that need to be fixed