RE:RE:RE:RE:RE:January U Futures Chart shows 18-week high todayActually I think Quakes is a Uranium guy.
We are all indebted to him for his tireless work, research and analysis.
So you prefer one uranium stock over another, that is your choice.
I hear a lot of criticism but until you put as much effort into your posts and do as much homework as others, perhaps you should just ride your own horse....
NXE has had a good run lately but perhaps others will catch up?
They are both great projects...
It will be very intereting to see if the mineralized trend runs NE onto PTU/Cameco/ Areva...
If one only had a crystal ball and could see how big this Patterson corridor deposit really is..
Only time will tell...
Good luck to all...
peterhuber91 wrote: the Same was your recommandation when Fcu was at 1,50, when it was 1,00 after Maiden Ressource, When Nxe was at 0,50 and you prefered fcu. In one case i'am with you: fcu is grown in the last year. The Main trigger is Spot and nothing else. I thank you for many good posts but you are a Fcu guy;)
quakes99 wrote: You couldn't be more wrong, Peter. You are assuming no change to underlying assets, yet in the past 18 months PLS has grown by an estimated 50%, a major land-based high-grade zone at R840W was discovered and merged with R600W, a new ultra-shallow high-grade zone was discovered at R1620E, and China has significantly de-risked the project by signing an Offtake Agreement and injecting $82M towards expanding and developing PLS.
If anything, as Dev said on BNN, Fission remains oversold given the long string of positive drill results, nearly 100 more mineralized holes added to the resource, and new discoveries which were panned by the market as U prices were falling. Once the market prices in the resource growth then the share price will move much higher as both the DCF of the project and in-situ per lb value increase.
That's the biggest problem with charts and technical analysis is that you completely overlook the changes in the underlying fundamentals.
Good luck!
peterhuber91 wrote:
Hi Tim,
most u stocks are at todays spot of 25 higher that one year ago when spot was above 35. (eg. 1st january 2016). there is much upward in spot priced in. if spot is rising steadily okay, otherwise market capitalisation is overpriced about 20%. good luck