NYSEAM:UEC - Post by User
Comment by
GSTbay1060on Jun 11, 2024 12:28am
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Post# 36082131
RE:UEC board
RE:UEC board Well the sector is in a structural supply deficit.
Due to the quick run up in the spot price the equities went up.. But now they are falling because the only thing people can see is the spot price.. However to the Uranium industry as a whole spot is irrelevant... But retail investors place a large amount of value in it because it's all they can see.. So the day to day ups and downs only make the bots money.. Retail investors trying to time this market will get clobbered...
There will be a rerate with the equities when fuel buyers step back into the market in the fall.. Till then this market will only be fueled by 2 things "fear and greed"
Many have left Uranium for other metals.. They may never return because they timed their purchases poorly and were unwilling to wait for the recovery..
Everything goes in cycles you just have to wait for the right time, have an exit strategy and don't get to greedy..
glta
dyodd