OTCQB:UEXCF - Post by User
Post by
tegritymanon Apr 16, 2009 1:01pm
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Post# 15923447
Too bad people don't know how it works
Too bad people don't know how it worksMangoe, you hit it on the nose.
You said: "Even with $40+ uranium spot price most of these uranium stocks should be trading much higher, you can tell by the desperation of some shareholders who is <<are>> begging for Cameco and <<or>> other companies to come in and low bid their company and steal it from them so they can make a quick bick and move on."
A junior like UEX would need to get its permits in order and start hauling before any large company would buy it. Why would they take it over when UEX is willing to do all the nonprofitable exploration work. This company is a long way from being taken over given that.
Personally, I'm glad it's back over a buck. I was strong on this when it was 50c - 2$ several years ago and am back again. It's one of the best juniors on the market in one of the best sectors. The price will come along well again expecially if the words "... build more Nuclear Reactors" come out the Obama administation's or the price of the mineral rises. Hopefully that will happen sometime soon but even if not, when a market correction comes this is a fantastic place to hedge.
Bah humbug to all those looking for a major to come in!! IT IS NOT GOING TO HAPPEN.
jmo bikwita