RE:RE:malcolmThanks ssthv. The bottom line is that none of us know.. If we did we would buy one day before the big run up and make billions. However I think everyone here has answered the "IF" question. We all know Uranium prices MUST go up or 11% of the worlds electrcity production will have no fuel.
So since this is not a matter of "IF" it is therefore a matter of "WHEN". Those are very good odds. Will it be in 2018...no idea......what about 2020...also no idea. But the additional time allows me to accumulate more and more stocks so that when the "WHEN" happens I will just sit back with a great big smile.
Taking out 18 million pounds of production is not a small factor in a 200 million pound business. Will it be the catalyst we need...maybe...maybe not..
Trying to predict this market is a bit futile. There are simply too many...way too many factors at play. One thing that can be predicted mathematically is that the price rise will be very quick and very high but it will also be prolonged for much longer than previous bull markets. The reason is that there is no new supply coming on stream. There is not a new Cigar Lake as there was last time and the Kazakhs...whom the industry has come to rely on as a big supplier... is facing serious long term production issues. Many of their ISL mines are reaching peak production and in a couple of years time production there will decline. So if the worlds largest supplier can no longer supply 40% of the world market what do you think will happen to those companies that have potential mines like NXE.
So this is a waiting game.Patience and fortitude are what is required. Trying to time it is a waste of time. All you need to know is that it will happen. 100% guaranteed.
Malcolm