RE:RE:RE:RE:RE:RE:RE:RE:Power Utility Long Term ContractsVery well said GreenDay. I too must be very careful not to become too enamoured with the story...as compelling as it is. The dynamics of the market are obscure to say the least and nobody really has any clear idea exactly how much Uranium is already out of the ground and sitting in warehouses. And that is where one needs to be very cautious. However both electricity demand and the number of nuclear power plants are increasing steadily and it is without question a growth industry. The contrarian in me knows what is going to happen but the investor part of me says exercise caution. So my strategy is to try and balance those as best I can given the facts that I have.
So I listen carefully to those who have good and useful information such as yourself, ignore those that have only rhetoric to offer and make my judgements accordingly.
Of course I could be spectacularly wrong...I accept that as a possibility..... but there is not much downside to being wrong as the stock prices will likely stay where they are if I am. However...I do not think I am off base by that much and will take my profits when the time comes. After all, as you say, the purpose of this exercise is to make money. I am sure we will but probably there is a wait time of a couple of years still. But I have lots of patience.
Malcolm