RE:Japan Restart NewsI suspect it will be a rather slow and gradual process as has been the case with all the Japanese restarts. The key thing about this news is that TEPCO has approval to restart Units 7 and 8 at the plant and that means TEPCO will not likely be seeling any of their Uranium inventory. They cancelled the CCO contract (law suit to be heard on that) so while not back into buying Uranium quite yet it means that purchasing Uranium is on the cards for the future years. TEPCO was a big buyer of Uranium and it can only be positive to have them back in the market once again. My guess is around 2020 (late) for this market to give some nice returns. Whateer the bashers say this is NOT the time to sell any holdings in Uranium....especially if you are sitting on losses. Losses only become real losses when they are realized. SO a little bit more patience is needed. Hard to have that type of patience in this market for sure but that is also exactly why most people miss these opportunities....sell too early or sell to late. While I am not a market timer you have to decide how much is enough. Do not ride the wave until it crashes on the other side...which it will. I will be commenting on that aspect of this market when that time comes. For sure there will be a time to sell...but certainly not now. Those who have lost will realize their losses and those that cannot wait will miss the buying frenzy which is certain to ensue given the market conditions we are seeing. Someone said here that there is no point being a contrarian for the sake of being one and I fully agree with that sentiment. However contrarianism is born from fundamenta facts that drive all markets.When what the masses think is at odds with the reality...THAT is the time to put your contrarian hat on. For Uranium I suggest any time in the next year or two but would not leave it much longer than that. Of course you need to look at your own risk tolerance...these are after all highly risky stocks (except CCO and perhaps DML) but they have been heavily sold off so the downside risk is quite low.
As Quakes would say...Do Your Own Due Diligence.
Malcolm