RE:RE:RE:TIMEGranted I was not in this sector in the 2007 to 2011 period but was busy shipping 65,000 boxes out of my house via UPS until I had 3 X 53 foot trucks lined up in front of my house one day so was time to sell the company for a tidy sum.
But I have studied a lot of the U history and I am all in with Uranium and I mean all in - but I can afford to wait. And I have some shares in this company.
The January to July period of 2007 was crazy with CL flood and all that. Going from mid $ 60's to the peak in the summer of 2007 . And the $ 0.10 to $ 10 etc. yes blah blah as we all know. Poor schmuuks who bought at $ 10 but I am sure RRule did not care.
More interesting is the period between Summer of 2010 and March 2011 pre Fuku tsunami. If that event had not happened where would we be ? I know cannot repeat and second guess history but we would not be at a spot of $ 23. Not a chance. Would be at $ 60 + right now maybe more who knows.
But Less U companies to invest in now. Nobody making any money. Much bigger plants being built now vs 10 years ago. Japan IS coming back on line - too slow but they are. Unforeseen events can happen that change futures pricing. This FCU deposit will be mined. Might not be by FCU though. But this Uranium under this lake cannot be worthless and will be in a Nuclear power plant someday.
Time will tell.
MM