RE:RE:RE:RE:RE:RE:RE:RE:RE:To my brothers in KL...buy Uranium....all you can....Awacs1, I'm in your camp regarding needing "clear evidence" before buying into uranioum, particularly right now and in juniors/exploters. No disrespect to those that suggest this is the way to go and maybe I'm just too jaded with past experiences. Too long in the tooth and had some great successes but some horrible losses too.
I was on the James Dines newsletter roll on uranium many years back and it then just fizzled. Then it was potash, and then rare earths, then energy (remember oil at $130 a barrel) and every flavor of the month (year) and market is so manipulated that what seems like a sure new thing sometimes goes nowhere. IMO that's where crypto currencies will go after its wrung dry.
Uranium and the logic behind it of growing demand seems like a no brainer and yet it has gone nowhere in last several years....hard to figure out. Maybe it'll have its day again but think I'll wait for more evidence with marketplace reaction.
My biggest "note to self" is to be extremely cautuious on juniors, particularly explorers as it is mostly gambling money with pretty high risks. KL as a mid-tier producer avoids these huge risks. I think it has the potential to be a multi-bagger from here and I'm all in with cash and max TFSA. Not only strong management but think ES directing the longer term vision will produce great results....so far has done great for me. JMHO and GLTA.