RE:RE:RE:RE:KIV is named among the bestmakaveliagain wrote: IcarusTrust wrote: makaveliagain wrote:
KIV has a very good asset. One would think at $18 spot and $22 for the lowest cost Kazakistan production costs that bottom must be close. I got involved in this company a few weeks ago, got lucky as it looks as though I may have got in at the bottom. I also like that when I was browsing the SEDI, I noticed this is the only Uranium play that Ross Beaty is a reporting shareholder of. Hopefully they continue to develop the asset and when get a a turn around in the commodity.
You did get in at the absolute perfect time. I see KIV making making big moves too!
I knew it was near the bottom. However, KazAtomProm cutting production by 10% even though I alluded to Kazakistan being too low of prices. I had no clue it would come so quickly. I was honestly looking to pick more Uranium companies near the bottom. We will see if we get a bit of a blowoff. Most the sector is already trying to do financing because they have been starved for cash for so long. I really do hope this is next Palladin if we get a rip your face off bull market. Good luck to all!!!
I first got into this stock thinking it's undervalued as I believe uranium will have a bullish year and thought KIV's sp would benefit from uranium's -potential- increase as demand is starting to accumulate. Nuclear power plant projects are peaking in countries like china and India. Upon my studying into the uranium sector I started to analyze KIV a little more closely, and I believe they are in the process of diversifying into gold. Uranium deposit zones tend to have an abundance of iron ore and sometimes -if lucky- gold (if gold is present, then usually both). I believe they have known about this for a little while and attracted an investor base to consult them on how to play this precious metal.
I'm in Edmonton, but will try to go to Saskatchewan to meet with these guys.