OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Dec 19, 2018 11:12am
92 Views
Post# 29134780
RE:RE:Christie Lake Poundage
RE:RE:Christie Lake Poundage I believe this news is pretty good (not great) but to sell at this time of year is a mystery. Either tax loss or need the money, I understand Shenty but 183K for about $ 30K........ This alone will be worth $ 150K someday in the future. Must be patient.
Oh how we (all) wish that UEX could really move the U needle on it's own. Sadly it cannot. If this 43-101 had announced a BILLION POUNDS on Christie Lake today would the UEX share price be at say $ 1.00 right now as of December 19, 2018 ???? No it would not. The U market will move UEX - not the other way around.
Nuclear power plants next year around the world will use about 188,000,000 LBS of Uranium in 2019. Worth using LT average @ $ 40/LB about USD $7.4 Billion Dollars.
UEX has both Uranium and Cobalt. When the Uranium market moves as a herd - and it WILL move as a herd - THEN UEX will move up. Good company - very undervalued - not on the radar - real LBS in the ground. What will move the herd is the ??
1. Some Utility somewhere will sign a new LT contract at $50/LB - Herd will hear and react and likely follow. What the herd will find though is nobody wanting to sign at only 50/LB. Prices will then rise and so will UEX.
2. 232 of course a no brainer by April. If yes - great news. If no - great news because then herd will have to do something to secure LBS IN 2022 and beyond. Prices will rise and so will UEX.
3. Political card - maybe USA and Russia tensions get nastier in 2019- this is the Russia plan I believe. Kazak's also say no U for U MFKK...herd hears and will go nuts. Prices will rise a lot and so will UEX by a LOT.
4. Fact that UEX is not discussed by the RR et al crowd is a good thing right now. Rest assured they have eagle eyes and do have skin in the game, Who do you think buys 183,000 share chunks at $0.16 per............you bet.....
Nothing will happen now til about mid January - then the action will start around the 14 th - birthday week. Cobalt drilling will expand the WB deposit and possibly lead to a CoEX sell of well over $100 Million. 2019 will be better than 2018. Why not it is Christmas time.......
MM