OTCQB:UEXCF - Post by User
Comment by
MightyMorfon May 07, 2020 8:49am
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Post# 30996742
RE:RE:RE:True Story
RE:RE:RE:True Story Thanks for this story kcmkcm.
Some key points from your story that ring true:
"I learned that funds that emerge to capitalize on a hot commodity generally come along at the end of the ride and should be looked at as indication it is time to get out and don't look back."
"I'm currently holding 45000 uex that I have purchsed over the last five or so years at an average cost of 27 cents. "
"I will keep an eye on the uranium price of course, as well as Cameco and Kazatoprom. They control about 50% of the market and they can determine the price. So long as they keep their mines closed or reduduce production the price will rise, both of uranium and uranium stocks. "
These are great points & coincide with my own thoughts also.
I believe that those who have an average around yours will start to see their investment green in the near future when we see uranium priced around $35-$40.
I hope to see uranium priced over $60 in the fall.