RE:I think we MIGHT get another washoutNobody can predict the lows just as nobody can predict the highs....so best not to try and predict what the market will do at all. Warren Buffet never tries to do that because he knows he can't. And if Buffet does not know I am 100% certain nobody here does.There is only one way to make money in commodities...especially Uranium which is the most complex of them all....and that is to study and understand the fundamentals that drive the market. In the end...despite all the quirks and quarks of Uranium it comes down to supply and demand. That equation is not (yet) very well understood by the majority of investors but it will be just like before. Two more reactors starting up in Russia, Hinckley point well underway, Another 20 or so plants In China. Someone needs to tell me where all this Uranium is going to come from? The fundamental is that without Uranium nuclear plants will stop. You cannot have a better guarantee than that. The price of Uranium will rise and along with it quality producers like CCO, DML and companies with quality assets like FCU and NXE.
It will take some time for the cake to bake but all of the ingredients are mixed in now we so just have to wait for it to cook.
Malcolm