RE:RE:RE:NXE is a stock that has had months of great NRsIf this were a gold mine the stock would be flying high. So why is NXE not doing as well as one would expect with such a high quality deposit. The reason is that it is not gold it is Uranium. Everyone wants gold...there is always a market for it. Uranium is a whole other story and very much more complex than gold. We know the demand is there. We know the demand is going to increase. We know most mines cannot make much of a profit at $20/ld (NXE can). We know that major miners are closing facilities and shutting down supply. Supply is falling - demand is rising.
At this time Uranium is languishing around 20 bucks a pound. and nobody is entering into long term contracts. So we are in a waiting game. If a drill hole that shows over 20% Uranium over13.5 metres does not move the stock price nothing will.....except the price of Uranium.
All the pieces of the puzzle are falling into place. You just have to wait. It may take 2 to 3 years yet for the shortages to really bite but bite they will and very hard.
When that time comes - and it will come....it would not surprise me to see U prices top $200/lb for a relatively prolonged period.
This is a long game and you need patience and the stamina to stay with what you know is going to happen. Not easy but a great deal of money will be made by those who are not phased by all the gyrations. I would not bank on to much happening in 2018 (unless the Kazakhs make a move). Crunch time is going to be around 2020 when most of the plants under construction are running and many more Japanese plants are back consuming fuel.
There will be more cuts in supply and no new mines. That puts NXE right in the sweet spot. So take advantage of the lows keep accumulating a range of Uranium stocks...especially NXE and just chill out.
Malcolm