UEX Corp UEXCF

Uranium stocks long way to go

[shenty46]

Its a long way to go for uranium stocks, even the producers like efr,  are trading at almost 5 year lows despite being in usa, and most hyped stocks like fission,  are trading at 22 cents, not to mention stocks like purepoint, fission 3.0, forsys etc at multi year lows. Companies like cameco has downgraded their guidance for current year as they they were not ready to sell at current prices means the utilities were not ready to pay more, and on top of that there is physical uranium held by many. Cameco may take a year to start mcartur, but kazakhs can push the paddle without any delay. The time is coming fast for some more meaningful production cuts to be annouced if this market is to recover, i think the slight recovery is at least 6 months to a year away. And on top of that we have our ceo Roger who takes almost a year to update the resources.