Uranium miners pop today This happened as I sold my UUU this morning, lol. Anyways Denison lead the pack with UUU and CCo following. Hopefully First Uranium can ride on their coat tails.
Urainium prices are said to move up to $85 lb from the low down $50 it is now. This will be the catylist to send these stocks up and to the right.
The Uranium sector is very un-crowded unlike any other other commodity; with the names i mentioned, plus Palladian Uranium. Does anyone know of any other explorers like Fiu?
Uuu got a sector outperform and a $5 handle, Cameco waz raised to $26ish which is inline percentage wise with the higher Uranium price. The States also recently approved an Uranium electrical facility.
Fiu needs to go back on the market with a big for sale sign, and with a strengthening sector should sell at a serious premium to this bs deal, to likely an Asian buyer with deep pockets. Maybe 77 - 85 cents a share.