RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Yellow Cake Uranium IPO over-subscribed to US$200MQuite right.....being a millionairre does not make one a good investor. If you had read the book not just the page I think you would have a broader understanding of the context in which that point of view is expressed. Indeed many people who win millions on lotteries are broke within 5 years. They invest in cars and parties and having a good old time and wonder why those "investments" leave them broke. Indeed being a millionairre does not at all make you a good investor.
However my point is very simple. If you want to cross the muddy minefield which is Uranium what would you rather do: follow someone like dreamin who thinks it is not possible so (apparently) does not want to invest and advises others of the same philosophy or do you follow the footsteps of Rick Rule who is waving to you from the other side and whose footprints you can clearly see. Rick Rule has done this before and acheived 10000% returns by being patient and paying attention to the fundamentals that move commodity markets. He knows this minefield better than most and has crossed it more than once.
I listen to those people. I ignore those people who tell me this market will not move because there is too much Uranium inventory without saying who has it or where it is or even in what form it is. Those people fail to grasp that it is not inventory that drives the Uranium market...it is security of supply. This is the very reason why Uranium went to $135 + when there was MORE inventory above ground than there is now and far far fewer new reactors being built.
So when buyers want to lock in secure supply for 5 or 10 years it is not going to be at prices that bankrupt producers....because (as RR states) the arithmetic does not work).
We shall see. In closing though, had I followed the preachings of the Reverend Dreamin when NXE was at 60c I would be wishing I had.not. Therefore applying the same thinking I am inclined to ignore those folks.
In the end your investment decisions are your choice and if you really feel that Uranium and FCU in particular offer such awful investment prospects one is forced to wonder why on earth you post here. To warn others of their impending folly?...unlikely. Much more likely to feather your own nest....and you know that is true.
Malcolm
Uraniuman308 wrote: To take a page from the Buffett investment strategy, the fact that RR is a millionaire is irrelevant. The question to ask is “how many have become wealthy by following his advice”. Looking at this stock as an example, I would say NOT MANY.
Malcolm2001 wrote: So let me see Dreamin. Rick Rule is a multimillionairre...probably a b)illionairre...you are not. So you want us to listen to you and not Rick Rule.
You pays your money and you takes your pick.
Yes indeed Rick Rule does make up his own songs. The last Uranium song made him millions and millions of dollars. I do not see you anywhere talking about Uranium....or maybe you are Rick Rule in disguise. After all I am Quakes remember.
Only time will settle the argument....but I will be requesting you to eat humble pie when uranium does what it has to do.
Malcolm
Dreaminthedream wrote:
Thanks for your thorough explanation that says absolutely nothing. And you talk about credibility of others????
Show actual research, not opinions that illustrates how uranium company shares will multiply by 10 or 20 or 30 if Uranium prices double or triple.
Rick Rule made reference to it once in one of his talks. That is hardly evidence. Rick Rule makes up his own songs.