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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.
@Vaughan@Excelsior, I remember that chart and I also recall a conversation we carried on (I believee in MBGTrends) that convinced me to now only sell half on the double, but to just unload that that point in time. Good move in retrospect so thanks for pushing the thought process forward with me. #Uranium#MBGTrends
@Excelsior@Vaughan - will do. I'll be watching the slow stochastics RSI & ADX for an early signal, and then look at the MACD for confirmation as a lagging indicator.
Here is the $URA chart at present showing the RSI heading down (but not quite oversold yet until it gets below 30) and the Slow Stochastics still heading down into oversold territory (I'd like to see that cross first, but not get embedded). #Uraniumhttp://stockcharts.com/h-sc/ui?s=URA&p=D&b=5&g=0&id=p80894542383
@GoldfingerHaywood on $NXE:
Valuation: Our 12-month target of $6.00 is based on a 1.0x multiple of our estimated corporate net asset value (NAV) per share of $5.97, based on a discounted cash flow (DCF10%) analysis of our conceptual uranium mining operation at Arrow.
The Harpoon discovery (4.7km NE along strike of Arrow deposit) was first reported with scintillometer results from 4 holes back in August of 2016 <link>. Harpoon assays confirm and quantify the presence of high-grade uranium mineralization indicated in earlier scintillometer results along the main corridor also hosting the Arrow deposit. Regional exploration drilling to the south of the Arrow deposit also serves to highlight the fertility of the mineralizing system(s) both on trend, and proximal to Arrow.
Harpoon Assays Confirm Presence of High-Grade $Uranium: Today's assay results highlight and quantify the presence of high-grade uranium mineralization at Harpoon now encountered over 340 metres of strike at the zone, and the potential for discovery of additional high-grade lenses along strike of Arrow and potentially add resources in the future. Harpoon is a newer and developing zone with some potential to develop into a meaningful deposit if additional drilling encounters broader mineralization within the strike. Our mining concept and valuation model does not include any additional resource discovery credit and is fully supported by a subset of the existing resource at the Arrow deposit which now hosts an all-categories NI 43-101 resource of 301.6 Mlb U3O8 (4.5 Mt grading 2.5% U3O8) M&I+Inf.
Highlights of Harpoon assays:
Discovery Hole HP-16-08 intersected 17.5 metres grading 3.89% U3O8 (from 219.5 metres depth) including 2.5 metres grading 12.49% U3O8 (from 224.5 metres depth).
Hole HP-16-20 intersected 13.5 metres grading 3.94% U3O8 (from 182.5 metres depth) including 2.5 metres grading 20.90% U3O8 (from 187.0 metres depth), located 73 metres up-dip and northeast of discovery hole HP-16-08.
Hole HP-16-13 intersected 18.5 metres grading 1.17% U3O8 (from 211.5 metres depth), located 33 metres down-dip and southwest of discovery hole hole HP-16-08.
@GoldfingerAgree @allan, and another thing is if a company like $RIO spent $2 billion on an acquisition in the $uranium sector they would have to answer to lots of shareholders who would ask "why are you spending money on a dying sector?"...if it didn't work out heads would roll.
Most people don't understand that when you're an executive at a multi-billion dollar company making millions a year the goal is mainly to not f*c# up, why make a risky move? Steady as she goes and make sure you check all the boxes and cross all your Ts. Nobody wants to risk their pay package and cushy retirement plans. Shareholders end up getting mediocre performance and drastically overpaying for first level thinking executive management. See all senior $gold producers in the last decade for examples of this... $ABX$GG$NEM
@Enforcer36Hey, I'm new to this so I have some questions. If the uranium market is making a turn around, do you think the companies that survived the Bear market are safe as in investing money in them? I have bought EFR and a little bit of GXU but was thinking about buying more of both, Is FCU a good company to buy? I realize not all companies are worth anything and the two I have bought, I liked certain things about them but just wondering what other companies are worth looking into? I've only started looking at Uranium or trading in general so any help would be appreciated. Thanks.
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@Excelsior@Enforcer36 - If you'll scan up through this #Uranium page there are a range of opinions from a fundamental and technical analysis vantage point, many editorial pieces, articles on nuclear energy, lots of good website links, macro overviews of the Uranium miners, and of course, different U companies that investors like in the various sub-sectors (Producers, Developers, Explorers).
* If you see a #RedTopic you can dive into the subject with other related posts, and if you see any company in $BlueTicker you can click on that for all those related company posts.
** Also don't forget to click "See Older Posts" at the top as this thread goes WAAAAAYYYY back up there and really it contains a wealth of collective crowd-sourced wisdom and experience from the collective mob of mad geniuses, introverts, industry insiders, hecklers, hooligans, ragamuffins, technicians, news junkies, flunkies, over spunky, and some good folks sharing ideas on like-minded investments in the #Uranium sector.. #mbgtrends#newbies
wannabeinvestorSure seems like uranium mining in Kazakhistan using ISR is very profitable even at current spot prices, at least on cash cost basis. Excerpt from the recent Uranium One annual report: 'According to Uranium One’s financial results for 2016, the total volume of natural uranium produced was to 4,919t . The cost of sales of uranium oxide fell from $12/lb to $9/lb compared with 2015. This was mainly due to lower production costs in the mining joint ventures in Kazakhstan – down from $9.7/lb to $6.4/lb. Total revenue was $570m in 2016, of which $325m was from foreign operations – 34% up on 2015. Operating profit for the year was $180m.' http://www.neimagazine.com/news/newsrussias-uranium-one-may-reduce-production-in-kazakhstan-5771513?utm_source=dlvr.it&utm_medium=twitter#uranium$NXE$CCO
wannabeinvestorThe best thing Pruitt could do is level the playing field in terms of the different energy generation technologies, i.e. take away incentives for wind/ solar or then provide the same incentives to all clean technologies, nuclear included (as some states have done it). Nuclear is by far the most efficient way to generate electricity: https://www.linkedin.com/feed/update/urn:li:activity:6252374222027440128/
@investorwannabePruitt was on CNBC just now. He did say their intention is to level the playing field between the different energy generation technologies. So that would mean taking away incentives for renewables.
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@tcu$URANIUM and $URA looking like another rally coming this week. With more japanese restarts coming online, this will reduce supply being tossed on the market. Russia also cutting production from kazak top producer. Looking good! Glad I bought a bunch more $GXU the last week! What a purchase, very very cheap
@Rulingmining@Goldfinger The Osaka higher court related to Kansai is just one prefecture of 47 total prefectures. Though population-wise I suppose it must be one of the larger more influential ones. Would you know if this court ruling affects all court rulings?
And just a general comment that I find it completely odd that courts are deciding whether it is safe/feasible to restart reactors.
@tcuYou can absolutely buy tickers in the US, same process as CDN stocks. Different exchange. You will just have to transact in USD. I own a bit of URRE myself. Huge torque to the upside with Trump policy
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@KP138@TheLip2 thanks for posting that article on Westinghouse. I was starting to feel more optimistic regarding nuclear, but that article really seemed to be negative. Is there a positive spin I'm missing? #nuclear
@TheLip2@KP138 I don't see anything positive out of it. I am not an expert in this field though. What I do know is the economics of building nuclear reactors are really tough. I posted a link to a much larger and in depth article a month or so ago outlining how Toshiba got taken down in this whole mess. It had a lot of back history in it that found informative as well.