RE:RE:RE:Bottom In?Pamplona,
Your target for the near term seems to me quite reasonable. Today’s move up comes as a refreshing change, - and so too the heavy volume. Perhaps things are finally about to heat up…..
And maybe too, the market is simply shrugging off any negativity about the threat of the Chinese mine in Namibia. But let’s not tell the Chinese that, after all, if they want to risk their capital on a low grade mine in an uncertain venue, perhaps in the long run we will see them end up as buyers down the road from more reliable sources such as Canada’s Athabasca. I certainly wouldn’t think that a money losing mine would really be in much of a position to call the shots or be a serious threat to the world uranium complex. When the Chinese ramp up, we hope they will have suitable water and electricity supplies, adequate and reliable roads in and out, as well as suitable accommodation for the workers. As this is a money losing operation I can only imagine that the Chinese are providing all of the above.
As the satisfactions from uranium mining seem to be few and far between I would hope that at the very least they have access to a first class infrastructure. They would then get at least one perk from their efforts, - namely that they can lose their money in style!!!