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@RocketRed Plus 50 mil warrants at .20 cents $gxu
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from #index,
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@tcu @RocketRed where are you getting your info?? You are so far from reality. Get your facts checked my friend.$GXU
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@tcu $GXU 50M shares were available two days ago, trust me... I know : )
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@tcu Even with 470M shares fully diluted, at a modest 500M market cap, that brings us over 1$. At 19 cents this is a steal. As seen on $GXU's investor presentation and in the palisades recent articles, $GXU trades at a discount to its peers.
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@FundamentalAnalysis @tcu all lbs are not created equally, however its good to see GXU main project is fully permitted that's its key selling point above most other project.....if $GXU can also arrange proper financing with most of it debt financed that would add further value. A safe double is forseeable, especially if exploration with more lbs at similar grade is added at madouela and financing progresses well....and even better if some form of offtakes were in place.....Uranium price increases would add extra value off course too.
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@tcu @FundamentalAnalysis I fully agree. Rick Rule says he will only invest in about 6 uranium companies, he will invest in the best not the "low market cap, low share count" flyers that happen every time we get a new bull. $GXU is one of those 6 along with $UEX $NXE deepyellow and he will not openly divulge the others. I want to be where the big money is, and that's $GXU. As you said, easy double and if U prices co-operate (which I believe they will) we will see a much much higher price and it could easily exceed the 1Billion target set out by palisades.
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@FundamentalAnalysis @tcu I believe rick has been in cameco before. He might own that as well just for some guaranteed upside in the next run up. $UEC you might have meant, he is in that, along with $DYL. I'm sure he would get into $BKY.L it would not make much sense for him not to...thats going to be the first to get into production from today and expected to operate right at the bottom of the cost curve, but then again he probably couldn't get the warrants so not in it. I think $DNN was another he is in, must be with Lukas Lundin.
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@SFtrader @FundamentalAnalysis @tcu- Sprott is also a holder of 555K shares of $UUUU
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@tcu Sprott has led a recent financing with $UEX but I would agree that I'm sure he is a part of $UEC in a big way since his good friend Amir Adnani is at the helm. I also own a small portion of $UEC
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@FundamentalAnalysis @tcu Ahhh ok...didn't know he was in $UEX as well. Looks like we have covered most of ricks picks.....Still think $GXU if they can expand the lbs (they already have two properties permitted) is going to be like the next paladin....... $DYL doesn't have enough lbs at the moment so don't believe its there yet. But you never know how the speculators will behave should there be another run.
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@Bimbeebop Falea, Mali The last significant project within $GXU portfolio is Falea, located in Mali. The project is made up of three exploration licenses: Bala; Madini; Falea, and was acquired through the acquisition of Rockgate Capital Corp. Falea currently contains 22 million pounds of indicated resource, and another 16.1 million pounds of inferred. The project also contains 63 million pounds of copper and 21 million ounces of silver. Only 5% of the 225-square kilometre land package has been explored, and most of the known zones remain open.
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@rokidoki if my recollection is correct rr is in Denison, uuuu, fission, Goviex. I'm sure there are others but he hangs with The Lundins and the friedlands pretty hard so this isn't a surprise. All 4 will do amazingly well when spot rises.
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@rokidoki Could we potentially bleed out till 2018, fk I hope not, but the chart is telling me the trend is down until we get major changes like Japan reactor news.
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@tcu @rokidoki anything can happen. Look at nov-jan. not alot of people expected that. Some stocks went up 400% over a small move higher in the spot price. Wouldn't want to be on the outside for the next run. Not worth playing around and missing a big move. I'm long and holding for 3-5 years. That's the approach here. Not trading
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@tcu Rick rule expects a significant move higher starting in 2018. That's not that far away. Good time to start a position and add into the summer for another potential run in October/Nov
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@Vaughan @TCU, I admire your bullish stance right now. Think you are wrong though. This is not the time to start a position, that comes later in the summer and into the fall IMO.
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@Rulingmining @Vaughan Though you are correct that on average the fall is the best time that is just an average of many years. On any specific year if you look the low could be any time of the year. Just because November was the low last year (though the lowest month is supposed to be October). Low in 2015 was in May. Low in 2014 was May/June. 2013 equally in Aug and Oct and Dec
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@tcu I believe the low will be 15 cents. Too much value here and buying to drop below that. Also it was the price at which the advance started. Usually indicates overwhelming support. We shall see. But under 20 is a steal no matter how you slice it. You don't have to be bullish now, but you need to be bullish for a stretch into 2021 and beyond. I know I am. And I will continue to add at these bargain prices. Good luck everyone.
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@Vaughan I agree @Rulingmining, and Im not basing my thoughts on the usual low in the industry. I think that for the most part, commodities are turning around so as we saw last year, the "usual" rule book can kinda be tossed out the window. I just still don't see the catalyst to bring uranium back in a meaningful way this year. This leads me to believe that the pp investors will continue to shed their free trading shares (not a rush for the exit mind you, but a slow bleed) which should bring us down to @TCu prediction above, or perhaps a bit lower. I can't see the share price ever going back to the single digits however.
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@Vaughan and I def agree with you @TCu, bullish on Uranium on the long term, it has no real place to go but up imo.
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@Amicus @Vaughan I guarantee you uranium has further to go down.
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@Vaughan Well if you guarantee it @Amicus, #dont-loadup
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@tcu Thank you for the in depth review and thesis on why U prices are heading lower. @amicus very well written and knowledgeable post
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@scootergeo Are any of these uranium stocks such as NXE mining uranium yet, NO. So what does the current price have to do with anything? Uranium is a long term energy play. We would be looking at the price forecasts 5-10 years out. World demand for energy is ever increasing and oil has recently bottomed out. It will all go up eventually.
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@Amicus @tcu @scootergeo Uranium reserves are ridiculous right now. Oil HAS NOT bottomed! Saudi arabia and Russia will continue to sell at the prices and lower. You might see $20 oil in a couple of years before a major spike. You Uranium speculators anticipating a new uranium bull market is what's causing uranium equities to rally.
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@Amicus Tell me, what do you think you Uranium speculators are going to do when you see PM equities zoom past you?
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@Amicus BTW, I do hold a small position in $GXU, and I will buy more when it goes to .10
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@Bimbeebop @Amicus So we're all "uranium speculators" even tho you're in here talkin shit and buying the same thing? What does that make you?
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@Amicus @Bimbeebop My position is very small. We'll see how it all plays out I suppose. I just think a lot of people are overly optimistic.. and are jocking Govind Friedland a little to hard.
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@tcu Govind Friendland is one of the many anyone is invested in $GXU. His father took $IVN from 50 cents to over 5 dollars in a matter of 1.5 years in a DEPRESSED copper environment. So again, spot doesn't always have ultimate limitation on opportunity. And we are ALL speculators. Weither you are investing in gold, copper, uranium, silver, commodities, or fortune 500 companies!!! Every trade/stoke is a bet. So it's all relative and I couldn't disagree more with what @amicus is saying. Agree to disagree but I think you my friend are very shortsighted in your views. Your thesis is broken and I could drive a mac truck through your due diligence, if you want to call it that. You said yourself we are all just speculators, but you are "speculating oil and uranium" is going down. Guaranteed right. So then who's the fool
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@Amicus @tcu That's a nice attempt to assassinate my character my friend, but that's all it is. You've said nothing of interest to me to rebut my thesis whatsoever, and you took some of my statements out of context, and I don't want to initiate a discussion with one who does that. Copper to Uranium = Apples to Oranges.
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@DrunkenSpeculator @rokidoki Rick is (or was) in Western Uranium as well but prefers Deep Yellow between the two. This was back in January "I know George reasonably well, and obviously made money with him. I’m underwhelmed by the US assets, other than the Blanding mill. I own some Western, but I likely will favor Deep Yellow. I’m leery about US permitting, particularly for the assets proximal to either the Navajo reserve, or the Grand Canyon Park. I’m also leery about small high grade operations. My own preference is for much larger operations, even with the difficulties presented by the logistical challenges in Namibia, and the other African jurisdictions where Deep Yellow will focus.
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@rokidoki i like george's experience and knowledge and the new mining tech he will be using/licensing out. However his shares trade too thin in the US so i do not have a position. I will look into deep yellow, but I'm comfortable with having Goviex be my African play for now. Further bleed out in Goviex is probable but, there will be a violent turn in the future.
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@flyinthruu Just be long and follow where the dynasties are putting their money. THEY AIN'T STUPID. All Hail Mt. Goviex erupting like Vesuvius in due time.
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@flyinthruu I am gambling with my life seems like everyday on the highways now. No brainers like GXU, puhhh-lleeeaassseeee. Minimal risk with SO MUCH upside.
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@Onekey Nice new interview with $GXU from Palisade Radio https://youtu.be/rmxJokwFrgM+
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from #uranium,
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@Lukester599 I bought a first tranche of $GXU two or three weeks after it topped recently and got my fingers burned on the pullback. Question to the community - is this a good buy point to average down? It has retraced almost the entire run so it would seem so. Anyone offering further words of caution, or is this the contrarian's best entry point? Thx.
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anonymous The uranium price is slowly going down an with it $GXU SP. I think Sept/Oct should provide better entry point.
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@Lukester599 I am keen on adding more $GXU but a bit cautious at present (personal situation requires a careful eye on risk at this ambiguous juncture). Otherwise agree it seems a good candidate for a "no-brainer" long term holding.
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@PhotoJ Is it just me or does the $GXU chart right now look eerily similar to the $KAT chart from 1 month ago... hm...
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@Amicus @PhotoJ I see it too. 8^P
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@Rulingmining Selloff was part uranium spot but also uncertainty on the dec 21 becoming tradeable. Well they have been tradeable and its not dropping. Hopefully at or close to the bottom of the correction.
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@tcu In regards to when buying $GXU is a good time, it's always a good time. Depends what your averaging down from. If it's 25-30 cents, then buying now won't represent much value. And you can wait for the potential of a 12-18 price tag, but if your average is between 30-44 any buying at this point would help you average down significantly. I would say buy a chunk now, and save some for an order at a lower price in case the summer fall presents a better opportunity. Regardless at 10-30 cents this is a steal long term. An absolute bargain
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@Rulingmining @tcu, why would you think this goes down to 12 cents? I could only see that if we see the spot return to the sub $20/lb again or even lower than $18/lb. I would be surprised to see GoviEx go to $0.17
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@schischi So if i bought at 0,13 CAD i have to wait till its again in that range or can still ad arround 0,20.. ?
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@Rulingmining Depends on if you think it's going to go down to .13. Don't see why it would
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@Bimbeebop Don't forget it's under .15 cents USD. To drop down to .11-.12 cents I find really hard to believe, of course anything is possible. I don't throw dice in the dark.
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@tcu Not saying $GXU will ever fall to 13 cents. Just throwing some number out there. I was buying more the last couple days and have a few bigger bids in the mid teens just in case. I am VERY bullish on $GXU and #URANIUM in the next few years and I believe GXU will be one of the go too's with the most torque
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