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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.
@Goldfinger"Surprised and disappointed by Tepco decision. We were on the other side back in 2007-2008 (delivering $uranium at contract prices when spot was much higher) and we delivered on our commitments to Tepco." $CCJ$CCO$uranium
@Excelsior@Pon - It's hard to imagine #Uranium going back below $18 again (although anything is possible in resource investing); but it would appear that the bottom was the end of 2016.
Will it be a rapid rise up in pricing? Not likely, due to the oversupply situation, and while pricing may muck around in the $20's for a while, the trend will be heading up going into 2018 and beyond.
Could the uranium market be getting a bit ahead of itself at current levels? I recommend investors pull up a 5 year or 10 year chart and look at the recent move up coming out of late last year. It's just a little blip, and needs to be put into perspective.
The average investor (even the gold & silver investors that thought their bear market was bad) just don't realize just how extreme the move down in these miners has been since 2011.
For the miners to have clawed back a little bit is encouraging, and for those invested it seemed like a big move (and it was), but relative to the increases that will happen to many of these miners, this wasn't even the first inning of the game.... it was just the first base hit. ;-)
This chart that goes back to 2011 should at least put things into perspective of where we are today with #Uranium Miners, and how the recent rally factors into the big picture.
@Goldfinger"In the 40 year history of contracts between $uranium suppliers and utilities there have only been 2 disputes such as we are seeing with Tepco and Cameco $CCJ$CCO. Tepco was the only utility to be directly affected by Fukushima so this is a unique situation that I believe is limited to Tepco (we won't see more long term contract disputes between utilities and uranium producers)." $UEC$uranium
@GoldfingerThis was a quote from $UEC CEO Adnani yesterday ~~~> "There is definitely a correlation between the vibrancy of the $uranium equity sector and U3O8 spot price."..... we definitely saw that this week as uranium equities were down every day this week as U3O8 spot price also fell from above $26/lb to $22.56/lb. $CCJ$CCO$NXE
@Goldfinger$CCJ$CCO holds up very well today while $uranium sector gets pummeled to the tune of 3-5% across the board, $NXE down nearly 10% after disappointing RE2 update announcement. Flight to 'quality' - Cameco is relatively safe...read boring.
@GoldfingerRemove candlesticks and moving averages and simply focus on price and trends: http://cdn.ceo.ca/1cd12tb-CCJ_Daily_3.20.2017.png+ After nearly doubling during November-January rally $CCJ$CCO has consolidated within a narrowing trading range (ATR has dropped more than 50% from February peak), Bulls want sustained push over $11.25, Bears want breakdown below $10.80. $uranium