GREY:UEXCF - Post by User
Comment by
mangoeon Mar 21, 2020 10:55pm
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Post# 30834464
RE:In this terriific
RE:In this terriificshenty46 wrote: In this terrific market crash, i have sold most of my junior mining stocks, and booke hefty losses and has bought 19300 of ovintiv at almost 4.40 cents average, which is giving dividend quartely of .094 cents a share, and 24000 whitecap resources, which was giving dividend of .0285 cets a share monthly now reduced it to .1425. First time,i am shifting to large caps. I dont know i am wrong or right, but i feel junior miners will take years to recover, even if we see recovery in markets after this mayhem subsides.
This crash has nothing to do with the markets, every sector was doing good except for the never ending uranium bear market that was to recovery last year 2019 and did not happened and we were told this is the year 2020 for the uranium bull to return with the fake uranium spot price holding firm has not dip below $20.00 per lb.
Except for oil, oil was doing good until the Russian refuse to cut supply and the Saudi is flooding the market with more oil to drive the price down to hurt the Russian, Cobalt price was on a comeback since the 2019 crash,overall the most sector was doing good, this is a medical and healthcare disaster(COVID-19) which force government to ground its citizen which cause global economy to retract and unemployment to rise, after this is over we could have a v shape rocovery, some sector much faster than others.