RE: The Phoenix Potential!!$$I totally and completely agree MMMR!!
I posted this on a couple of boards (I'm too lazy to write it totally unique to PHC). Anyway here's my thoughts on energy specifically coal and uranium: (I've adjusted the share price to reflect PHC)
This trading down to less than 40cents is beyond irrational. I sleep perfectly well at night with my basket of energy juniors trading at either less than cash or less than
cash 
. It's as if the investing world thinks people will suddenly stop using electricity and heat in their homes. So many resource companies are scaling back projects and shutting down completely just mere months after all the news was we don't have enough resources for world demand. I think we will get a whiplash effect once the surplus of commodities out there get eaten through and there isn't enough production to meet demand much less world growth. Certain commodities like steel may take awhile because they are very manufacturing oriented but the commodities that people use everyday should have a quick and IMO violent recovery upward due to the scaling back of operations and the exhaustion of reserves.
OK so the US is going to close some factories and therefore will use a little bit less heat and electricity. Some people will lose their jobs and drive far less. There will certainly be some loss of demand in North America. What we have to also realize is the middle class in the rest of the world has been steadily growing for the last several years. This means that hundreds of millions of people if not billions of people have been entering the middle class. So what you say. Well once a person has a car and electricity and a computer and a fridge and ..... they are very reluctant to go back to not having those things. This is the main reason commodity watchers were forcasting a
bull in commodities for the foreseeable future just a few months ago. I am very bullish in my belief that the majority of US focused people will be shocked at how little dip their is in world energy use if their is any noticable dip at all over the next 4 months. I am bullish coal and uranium. Coal is dirty but the world is using more and more each year and guess what - less and less of it is easily extracted. Long term no intelligent person can argue against nuclear energy