OTCQB:UEXCF - Post by User
Post by
MegaMAxTZon Apr 19, 2020 2:15pm
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Post# 30927300
NO UEX CONVERSION TO CAMECO SHARES AT THIS POINT
NO UEX CONVERSION TO CAMECO SHARES AT THIS POINTNot educated might be one way to politely describe a response to a $ 0.25 per offer at this stage. Absolutely crazy and not a good idea to convert any UEX shares to Cameco shares at whatever ratio looking at what is coming down the tracks. Although fine a 1 : 1 might cut it so sign me up.....
Looking at the past is a good way to (likely) predict the future but we shall see.
Is the current status of Nuclear Energy and Uranium supply more dire than in the mid summer of 2005 ? I believe it is.
June 25, 2005 UEX @ $ 1.76 per ---- July 23, 2005 UEX @ $ 2.84 per
What about in the fall of 2010 pre Fukushima ?
Sept 25, 2010 UEX @ $ 0.88 per ----- Nov 27, 2010 UEX @ $ 2.47 per
And even more recently what happened in the fall of 2017 to spike the Uranium share prices? I believe it was due to the fact that the fat cats who made mooocho big bucks in the 2005 to 2007 runup thought in Mass that many of the 2007 LT contracts expiring & coming due, and had to be renewed at much much higher prices than the 2017 Spot. Thus,
Nov 1 , 2017 UEX @ $ 0.16 per ------- Dec 18, 2017 UEX @ $ 0.38 per
So here we are in late April of 2020 - the World is literally shut down right now. Uranium production has been cut deeply with KAza, MR and CL all not producting any LBS. Think Uranium prices are going to go up BIG TIME ? The WHEN not IF may be finally here.
UEX @ $ 0.25 per is ridiculous. Dollars not Pennies folks.
MM