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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.
@nasdaq#Uranium Resources Announces Closing of $9.7 Million Public Offering @nasdaq/uranium-resources-announces-closing-of-97-million$URRE$URI-AX 1,399,140 shares of common stock at a price to the public of $2.01. The company has prospective lithium properties in Utah and Nevada. Also, the company states that it will focus on its In-Situ recovery uranium project in Central Turkey when uranium prices permit economic development of this project.
@nicholaslepanThe World Nuclear Association reference scenario projects world uranium demand as about 65,220 tU in 2016. Due to the absence of Japanese consumption in the last couple of years and low prices there has been some stockpile build-up over 2013-16, which will come in as secondary supply in the next few years. Here are some mines expected to come into production soon: Husab in Namibia (280 million tonnes of uranium ore. Mining is expected to last nearly 20 years), Salamanca in Spain 2017, ten year period the project is capable of producing an average of 4.4 million pounds of uranium per year at a cash cost of US$13.30 per pound and a total cash cost of US$15.06 per pound during steady state operations $BKE.L), Temrezli in Turkey, 2018, $URRE, Mkuju River in Tanzania - Uranium One, Mulga Rock - 2019 - Australia - Vimy Resources $VMY.AX . #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.
@Lukester599@MiningBookGuy - which do you think is the more robust uranium/lithium play? $PLU or $URRE? I discounted $URRE for the past 2-3 years as a Uranium miner wannabe (albeit with vast acreage) but now, with their lithium project right next to Tesla's gigafactory they are starting to look quite intriguing. Stomach churning volatility though.
@tcuI was a part of the last bull run and I fondly remember buying PDN when it was 49 cents wondering if I had missed the run given it went from 1 penny to the 49 cent ask, lucky for me I rode it up to 7.50 and sold. I'm not willing to miss this run since I have significantly more wealth than I had last time around. My pick is $GXU$NXE$UEC$URRE$EFR and $SYH. All look great to have another massive run between now and 2020. It's just a matter of time before #URANIUM takes off. Contracts starting to rollover and I don't believe the Japanese will take as long as some mention on this site. China and India should be a larger focus and will improve sentiment.
@Lukester599@tcu - re: "My pick is $GXU$NXE$UEC$URRE$EFR and $SYH". - real good. An excellent, lean portfolio. Just the essentials. Lots of torque! Too bad we are just looking for fat returns, otherwise $URG should have been on the honors list too. A small, prudently-run producer with an excellent resource base. We have to respect their constant consideration for shareholders.
@GoldfingerLots of $uranium names up 5%+ early today. Had an interesting call yesterday with Trading Lab subscribers in which I offered a possibility that this sector could turn up soon, very soon. $GXU$NXE$URA$URRE
@Excelsior@Goldfinger - as to your point earlier today about the #Uranium space quietly having it's best day since April. Very refreshing to see. Here's a recap of the companies that had a positive ~Green day to close up the week.
#Uranium Stock Symbol Company Name Chg % Chg
$UEC Uranium Energy Corp. +0.22 +15.71%
$PBM Pacific Bay Minerals Ltd. +0.005 +12.50%
$CLE Clean Commodities Corp. +0.005 +10.00%
$FCU Fission Uranium Corp. +0.05 +9.26%
$DNN Denison Mines Corp. +0.04 +8.93%
$ARY Anfield Resources Inc. +0.005 +8.33%
$FUU Fission 3.0 Corp. +0.01 +7.69%
$URG UR-Energy Inc. +0.04 +7.14%
$URRE Uranium Resources, Inc. +0.10 +7.04%
$MGA Mega Uranium Ltd. +0.01 +5.88%
$DYL.AX Deep Yellow Limited +0.01 +5.45%
$UEX UEX Corporation +0.01 +5.26%
$URA Global X Uranium ETF +0.56 +4.49%
$UUUU Energy Fuels Inc. +0.06 +3.95%
$SNR Senator Minerals Inc. +0.04 +3.48%
$NXE NexGen Energy Ltd. +0.09 +3.41%
$AZM Azimut Exploration Inc. +0.01 +3.13%
$CCJ Cameco Corporation +0.23 +2.52%
$LEU Centrus Energy Corp. +0.11 +2.33%
$PWM Power Metals Corp. 0.00 +1.82%
$PLU Plateau Uranium Inc. 0.00 +1.33%
$U Uranium Participation Corporation +0.05 +1.28%
$ERA.AX Energy Resources of Australia Ltd 0.00 +1.03%