UEX Corp T.UEX

RE:one of the more important pieces of info ...

[thiggins4193]

All true but last several years this has been the pattern. The positives that you referred to just haven't influenced the drop although it didn't drop to the lows of previous years which were as low as .11 prior to 2017 and .16 last year. What we really need is more significant increases in the spot, dollars not cents, then we will see the multi baggers. I just don't think it will be this year. But I will take .40 by January.

rovaniemirover wrote: ... is that near term futures price for U3O8 has now hit $28.00/lb.  Last March price was $21.00/lb, when UEX was trading at 33cents/share.  uranium price rises 33% while share price for UEX falls by 42%.  Does this make sense?  Add to that the finding of 3 million pounds of cobalt and 2 million pounds of nickel, as well as the recent drill results at Christie Lake which will add pounds at Christie and to the company's assets, and something here doesn't make much sense.  Once could argue that the selling pressure of URA exchange traded fund (went from 38 million shares in March 2018 to 4.5 million shares a week ago) may have been one reason, but going forward, UEX should be trading at least at $2.00/lb of uranium they already have (86 million pounds), which would put them at a market cap of $172 million, or 45 cents a share (not including the value of cobalt at West Bear or the uranium at Christie Lake).  Something really doesn't make any sense, and we should be in for a very violent ride higher in the coming weeks.  URA selling pressure has been eliminated, supply of uranium is decreasing, demand is increasing and uranium prices are running higher.  What am I missing?!?