RE:UEX is a Slug!dhcRadial985 wrote: I've been invested in UEX since 2012 and I've never seen such a lackluster stock in my entire life! When you look at this company, it seems they have everything going for it: Massive amount of property, excellent in-ground resources, and excellent partnerships with Cameco, Dennison, and Orano. So what's lacking? Is it Roger? After all, he did f^ck up the deal with JCU, and I think he spent too much time, money, and energy on West Bear. Now UEX is caught with their pants down and they're way behind on bringing Christie Lake and Horseshoe and Raven, and Hidden Bay up to speed. Back in 2007 this stock was up around $8. Does anybody believe this company can somehow crawl out from under its rock and redeem itself as one of the premier uranium companies like it was back in the early 2000s?
I'm a long hauler. I've been invested in UEX since it started. I watched it grow out of Pioneer Metals. I watched as it made its way up from 8 cents to 8 bucks.
Take a look at the charts from its inception to it's peak at 2007. It wasn't a smooth ride. Lots of ups and downs. Since the Fuc<ishima MP (market perception) disaster, most of UEX's peers disappeared. UEX didn't. UEX is a survivor.
In many ways it was easier make progress on projects when they were in the Option Phase. Once they become Joint Ventures, the partners (cameco and orano) settle into their usual ways. Things other than exploration become paramount. As I have said before, the majors have no interest in spending their hard earned after tax dollars on exploration. Having been in exploration all my life, I know this.
So Roger was saddled with a languishing uranium price and lazy JV partners since he took over the throne. He tried to rekindle a bit of excitement in the stock with the West Bear Cobalt Sideshow. Maybe something will come of it, but now uranium is hot. Would have been nice to see the JCU "dream" realized, but japanese honour is not what it once was and the deal went the way fof the real world and did not have a fairy tale ending. But in the words of most analysts, it's an EXCELLENT deal nonetheless.
So let's move on. If uranium does become king, there will lots of suitors for UEX's EXCELLENT projects. Some junior (who has added a U to their name or ticker symbol) will pop up with lots of cash to option one of these projects and exploration will proceed once again.
This is going to be another VERY exciting ride... just hold on!
GLTA