Post by
lithomon on May 10, 2021 2:49pm
GLO Price Enters Margin Eligibility - Record High Price
As the Uranium & Commodities Supercycle kicks off, GLO investors have high opportunity to "maximize shareholding position" by utilizing GLO's margin eligibility as GLO share price moves to a new historic "closing" high price of $3.08 on Friday & well on its way to another record high "close" today.
Similarly, Cameco's share price is flying high in the past few sessions to around mid $24's as the world has stepped up the target date to "minimize" the use of fossil fuel energy.
It would appear there is an aggressive collaborative effort aimed at clean energy EV's (Lithium & other metals, copper, nickel, Niobium, PGM's, etc), as well as a major effort underway in China for sustainable Uranium "yellowcake" energy.
The world needs at least two or three McArthur's coming on-line annually for the next many years to meet the Uranium supply crunch and that's not going to happen anytime soon.
The next best McArthur River situation could be Global Atomic Uranium energy as the Company aims to drill into the high grade block of Uranium ores that could return values well over 60 pounds Uranium/ton of ore mined which is actually similar to the grade at some of Cameco's Uranium producing mines.
Hence, there is high potential for a long runway in GLO's share price since Cameco is already at the $24.50 price level and it's only just beginning.
Comment by
Smithstock on May 16, 2021 4:42pm
What's the opinion on this one? Still upside at $3?
Comment by
MrVerbatim9800 on May 21, 2021 10:06am
Plenty of upside here. Looking at similar comany's and projects ("apples to apples"). Glo is likely to reach $25-$35 over the next year or so. This stock will have a steady chart climb with days of surging high's and minor dips. It's going up and will continue for a long time to come. Finiancials are very strong as well. V