RE:RE:RE:IAEA Fuel BankThanks BigBuyer. I was thinking of posting over at FCU. The raeson I( don't i8s time more than anything. I do have a position in FCU through my own pension fund (you likely guessed I am a bit long in the tooth so to speak. I have had some people throw rocks but just ignore that......rather childish in my opinion.
This is a very complex situation we are in and I don't like to see people boil it down into simplistic two sentence armchair investing statements. NexGen as a company interests me more than FCU...it could be the next Cameco a few years down the road. I don't see that with FCU...it will likely get bought out by the Chinese.
It wouldn't make any difference if people did attack me..all are entitled to their opinion but not their own set of facts....so water off a ducks back.
Like many who have been around for a while and witnessed this before I can't help noting the similarities.The only differences are that this time there is a very big player in the room backed by Russia and I cannot see them sitting back and letting the price of their major national asset go down the tubes. They can and are doing something about it. Hence my interest in their new trading arm.
It is not an "IF" prices go up...it is a "WHEN".
The world thinks nuclear power is finished so there are very few investors. So wrong....but good for those of us who know better.
Anyhow...thanks for the support. It will try to visit FCU. I do go there to read sometimes.
My biggest problem has been trying to time when things will start to move. I have been steadily loading up at good prices and plan to do more before years end. But this is a tough one.
Bottom line is when things do move in this market they go very very fast. I missed the last run up....not going to miss this one.
Malcolm