GREY:UEXCF - Post by User
Comment by
MegaMAxTZon Dec 04, 2018 10:34am
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Post# 29060589
RE:RE:RE:The market was set to close at $0.195
RE:RE:RE:The market was set to close at $0.195Mangoe, the real question is how all will behave when the activity really starts to heat up in the coming months including the behaviour of this group. For numerous years now, the expectations have been that " next year" things will turn. Next year. Next year....
In 2017, this was the case that 2018 will likely be the year. In early 2018 - yes this year will be the year and look now at December 4 th we are still sub $ 0.20 - with the garbage 500 share dumps continuing.
Let's look at some UEX history in 2010. Between Sept 23 and November 29 of 2010, the share price rose from $ 0.86 to $ 2.50 per. In about 2 months. Must have been wild.
So what about mid October of 2010 when UEX was moving past $ 1.50 - who all was selling ?? They missed out on $ 1.00 per share by selling too soon. Tough to hit the absolute peak of course.
Will this happen in 2019 when we likely go from $ 0.19 to $ 0.40 + pretty quickly ?? Who will pull the sell trigger for some pennies and who will stay for the bigger dollars run ??..... Interesting times ahead indeed.
Or even more bluntly, offer $ 0.85 per share right now for December 5 th. Take it or leave it........... No thanks for me anyway looking at what is coming down the road.
The world will mine about 125,000,000 LBS in 2019 and consume about 180,000,000 LBS in 2019. Only LT contracts produce any profits on the 125,000,000 LBS. No Uranium mining company in 2019 will sign anything at $ 33/LB. Prices are going up for sure.
UEX a Billion dollar market cap with Christie Lake, Cobalt and all the other LBS in the ground ? Conservative. I would say selling at $ 0.40 is crazy IMHOOC. Even $ 0.85 is nuts.
MM