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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@btremain@TheHolyBuyBull Yessir, my position exactly as I moved out of URRE, UUUU and even my core NXE until we can assess impact of a Trump/Putin lovefest and disarmament that I suspect he will be eager to announce. My other concern is that most #uranium positions are awash with new but weak money, ripe for any unforeseen backswing from the periphery... which is just how marketers work. Not trying to detract from longterm U viability here, or the huge potential of the Athabascan, but I'm being circumspect about the immediate sustainability of the U jump. I will miss out some if the U sentiment continues to explode upward, but I'm agnostic on U for the short-term.
@TheHolyBuyBullIf the US is part of the the world and the world coming to it's senses implies less nukes, then how does the US greatly strengthening and expanding it's nuclear arsenal not equate to the world becoming at least fractionally more insane?
@SFtrader@theHolyBuyBull Thanks for the article link. IMO this has to signal that we're still a ways off from the uncovered contracting frenzy that many of the #uranium players have been talking about... "Some of Cameco’s customers have suggested they want to terminate current contracts negotiated when uranium prices were higher — as they are paying more than the spot price for the key ingredient in nuclear power."
@TheHolyBuyBullGot this off stockhouse post
Global #uranium oversupply
1. Uranium is still oversupplied for the next few years.
2. Japan does not plan to have all of its' nuclear plants to be online until 2020
3. Cameco is laying off 10% of its' workforce (and still not cutting divy)
4. US is slowly shutting its' nuclear plants
5. Cameco SP up 50% since Nov.2016
6. Cameco SP has been hovering around $15-10 for over a year
7. China nuclear plants coming online 2020-2030
8. Cameco is putting more money into escrow for court case
Read more at http://www.stockhouse.com/companies/bullboard#hTteqyCqZgEXhoe6.99