RE:RE:From across the pond.. Hi AimHigh8.. Been many years eh!.. It is a long time since I bought anything in the mining sector.. I have to confess I've been trading on the NYSE.. S&P stocks and ETFs like YINN and EDC for the last few years.. I completely missed the run in PMs earlier this year but I think we will have another buying opp there too soon enough.
Right now it's all eyes on the U sector though and I have to say it is looking very positive to me.. Cameco traded over 6 million in volume yesterday which is the highest day since Fukushima.. I consider that a very strong indication that this rally is not yet another false one but in fact the beginning of a genuine bull run.. I need say no more about the potentiall of that as many posters have been describing it here already.
When it comes to EFR the comparisons with "share price" during the run in 2007 / 2011 are somewhat misleading as the number that actually means something is the shares outstanding.. If I remember correctly EFR had an extremely low number of S/O back in those days.. I don't remember the exact numbers but my guess was around 20 mil so as a very rough estimate we could say maybe around 1/3 of the current S/O which means an equivalent SP of arount $65 in 2007 and $24 in 2011.. Mind you as others have pointed out EFR have made huge progress since those days too when they were really simply a small explorer with a lot of potential.
Of course it is understandable that longs here have been extremely frustrated and as a shareholder dilution is always a hard thing to swallow but from the point of view of investors looking for value in the U sector I have to say, to my mind at least, EFR stands out a mile as the one with by far the most attractive share structure and best upside leverage once a genuine bull run really kicks in.
And last but not least it does look as though the bull run of 2007 will look like a mole hill compared to the potential of the next few years.. so given all the pro's and con's, as I see it, EFR could well be a life changing investment for those with the stomach for it!