GREY:UEXCF - Post by User
Comment by
rovaniemiroveron Apr 21, 2020 2:30pm
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Post# 30935289
RE:RE:RE:RE:RE:Will UEX-CoEX spin-out be announced next Tuesday? 28th?
RE:RE:RE:RE:RE:Will UEX-CoEX spin-out be announced next Tuesday? 28th?thanks mangoe, glad to know there are others looking at this with some sense of reality. uranium prices .... now that is something that should be better reflected right now in the share prices. yesterday's action with some of the names (FCU, DML, NXE, etc.) was really nice given how high and how long u3o8 prices have risen. thought the pass through $30/lb would have been the big catalyst for UEX to hit above $0.20/share. We're now knocking on $33/lb, and still below the 20c per share mark. UEX should really be closer to 45c/share with these uranium prices. My thought is that it will take a contact from a US utility company, for substantial pounds, over 3 to 5 years, at a price closer to $50/lb, for this new reality to kick in, and the share prices to start to reflect the new price. CCO should be north of $17/share and UEX north of $0.60/share then. Can't get over the Chinese purhcasing Rossing for $2.40/lb, yet UEX continues to trade at $0.40/lb uranium they have