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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.
@HejmdalCan anyone help me and perhaps others wondering whether to invest in #EFR (CAD) or #UUUU (USD)? CAD is rather weak at the moment which argues for #EFR investment, but #UUUU has more volume and also appears at this point in time to be lacking a bit compared to the #EFR making for more of an upside when comparing current prices and the past peaks of 2011 and 2007. I am somewhat of a rookie and might be leaving something vital out.. Is it a question of pure speculation only?Could a strategy be picking both? The cost being less capital to be allocated to "average down" when having to divide it.
@SlmjrQuestion about efr 2007 price being over $200 a share on charts. Does anyone know the market cap back then? Or splits being factored in?
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@chatyakYahoo accounts for splits on their charts @Slmjr - I think this was discussed previously further up in the thread. Either way it's grossly undervalued. In a bull market spike I'd expect a 15x+ on EFR
@edwardWhen I need perspective on the #uranium market action I pull up a 10 year chart of $EFR, get out my microscope, and see if I can see anything other that a flat line in the bottom right hand corner.
@sev@PamplonaTrader You called it. I also thought $UEC will get diluted and they did today. Earlier today, I sold most of my $EFR shares and bought $EFR.DB convertible debentures. I am not interested in trading it between $3 and $4, but if the share price goes higher, then its the blue sky scenario. I don't know a better way to take a full advantage of this uranium bull with least amount of risk, if we are indeed repeating 2007/2011 scenarios.
@ExcelsiorThe #Uranium Miner Sector Has Bottomed
Friday January 13, 2017 – By David Erfle
“After six years of a brutal bear market and numerous “bottom” calls, the #Uranium#Miners have finally made what appears to be a long-term bottom as we begin the new year.”
Companies featured in this editorial by David:
- Denison Mines $DNN$DML : Exploration and development in the Athabasca Basin region of Northern Saskatchewan, Canada.
- Energy Fuels $UUUU$EFR : The dominant uranium producer in the US which also has the most reserves.
- Uranium Energy Corp $UEC : US producer and developer with one of the largest databases of historic uranium exploration and development in the country.
- UEX Corp $UEX$UEXCF : Exploration and development in the Athabasca Basin. Cameco owns 17% of the outstanding shares.
- CanAlaska Uranium Ltd $CVV$CVVUF : This 26 year Project generator holds interests in over 500,000 hectares of land in the Athabasca Basin and also has a very tight share structure with just a little over 27 million shares outstanding.
- Skyharbour Resources $SYH$SYHBF : Uranium and Thorium exploration with 5 projects in the Athabasca Basin. “Radioactive Rick” Kusmirski is one of the best U308 Geos in the business.
@ExcelsiorCorrection - On the most recent $URG statement their offtake agreement is for and average price of $47.61, but that is a blended rate between a few different contracts. They also sold some product at spot prices that averaged $32.70 per pound.. The point is that they aren't selling for $18-$22.
"The Company has contractually committed 662,000 pounds during 2016, at an average price of $47.61 per pound. We have also established our delivery schedule for those commitments, with distribution throughout the year. From 2016 – 2020, these long-term commitments total in excesss of 2.8 million pounds, at an average price of $49.60 per pound. We have begun to make term agreements into the 2020s."
As for $UUUU$EFR they have a higher #Uranium contract price:
"150,000 pounds of #U3O8 sales were completed by the Company pursuant to a long-term contract at an average realized price of $58.00 per pound."
As for $CCO$CCJ Cameco: Average realized price $43.37 ($US/lb) $56.34 ($Cdn/lb)
@Excelsior@Sarb - $NXE Nexgen is a great choice for sure as the premier #Uranium#Explorer, and more insulated that some of the smaller explorers,and even most of the uranium stocks as @PamplonaTrader pointed out.
If you want a #producer$UUUU$EFR Energy Fuels is fairly solid and is the second largest US Uranium producer. There is also $URG$URE Ur-Energy if you want more of a high torque Jr #Producer.
If you want a #development stage Uranium company then it gets a bit murkier to pick out a "safe" pick but $DNN$DML Denison has been around decades, owns part of the mill with Areva that processes $CCO$CCJ Cameco's ore, has exposure to the #African projects that it spun out to $GXU GoviEx, and a mining remediation and clean up division as another revenue stream, in addition to it's exploration projects in the Athabasca Basin and it's JVs with other companies. $UEC Uranium Energy Corp is a highly followed company, promoted heavily, and has a fully built and permitted processing center with a hub and spoke formation of properties encircling the plant. There are more, but they aren't as liquid or widely followed (yet).
It's tough to recommend stocks for others, because everyone has different strategies, time horizons, risk tolerance levels, jurisdiction rules, market cap or share structure preferences, etc.... but those are all companies that should do well over the next 6-12 months in a rising Uranium price environment.
You can click on any of the $blue links above and go down the rabbit hole of news, charts, and chatter of each company here on CEO. That's the beauty of this site, and why I decided to tag them in retrospect.