TSXV:VEC.H - Post by User
Comment by
seanyboyon Nov 23, 2008 8:07am
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Post# 15604679
RE: drilling uranium and raising money
RE: drilling uranium and raising moneyThanks for that 53buick... I was just noticing how far uranium has been from my mind since the financial s^%&storm began... I like it too, but it'll be quite a while I figure before uranium catches a bid again. This is my first choice in uranium juniors, but honestly I think you might have to wait quite a while before people get interested again. My present line of thinking is first precious metals (now), then energy (maybe later next year or 2010), base metals, and then finally uranium 2012 or so, once the new reactors in India and China come online. Just throwing that out there... it seems that the market really couldn't care less about exploration results, just survival is key, as you said.
Looks like you could maybe trade it alright, buying in the .15 range and looking to sell in the high .20s... but if that's your game there's no shortage of volatility anywhere... goodluck