Post by
investornot on Aug 22, 2024 4:20pm
Stuck here for a while...
The uranium sector has not been reversing recent trends and until the spot price shows some sustainable momentum it is not likely to. NXE still follows the others as opposed to charting its own course. which I contnue to find frustrating! The recent drill results were all but ignored whereas they should have been a significant catalyst.
I was on the cusp of selling my holdings when it topped $12 but only sold a fraction instead (which I have since reinvested). I still believe in the company though now it appears I may have to be a lot more patient to realize the returns I hoped for. I still expect that the FDA approvals have already been largely incorporated in to the current s/p so not expecting a big bounce when that is announced. Should be worth holding until in production and it proves or exceeds expectations.