Like a bridge too far,- yet another comment
From the individual investor point of view this malaise in the uranium sector seems like an interminable surgery being performed with no anesthetic. In that position, it really does feel as if time stops, and you will never get off the damned table.
But I suggest we continually look around us to test this so called “interminable agony hypothesis”. The chart of CCO, an anchor in this industry, is looking strong. Even DML’s proposed acquisition of RGT (whether it fails or not) means that more than one bid for properties is emerging, rather than no bids or just one bid, and that is a positive. And RGT shipwrecked investors can be plucked out of the waters to fight another day. What’s wrong with that? Even yesterday was good for many of the uranium stocks, although one could hardly call that a trend.
Also keep in mind the competitive nature of markets and most importantly realize that shrewd investors must take their positions before the move up, rather than time their response to come after the fact. So it’s not a given that things are just in a permanent state of freefall and EFR must, of necessity, plummet to zero. Prices can go up just as easily as they can go down but in freefalls such as we have seen, it would seem to be well nigh impossible for any of us to countenance such an idea. I remember an old timer telling me that during the Germans blitzkrieg of Europe in ‘39-40, there was sheer panic and terror amongst the populous that they could not be stopped. But he did make mention of one person in an English pub commenting on the hysteria, “Never mind, they are only men!”
My shares came to me through the spin out and since that time have been dead money; in fact, more than dead because the price is now about ½ of the original value. But my emotions are more with the bulk of my DML uranium investments and EFR is but the tail wagging the dog. If EFR fizzles, yes, I will be disappointed but I can live with it. It’s just one small sail on my ship.