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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.
@Excelsior@Hejmdal@PamplonaTrader and @FundamentalAnalysis - I agree with your comments and sold my position on this strength yesterday and today for those very reasons. I appreciated @PamplonaTrader's discussion with me, and the more I thought things over, it seemed more prudent to reallocate those funds into other Uranium stocks on this spike. $LTBR is where I put it yesterday and it its up nicely today as well, but has much more solid fundamental drivers to truck much higher in it's partnership with Areva on their nuclear fuel iniatives. Cheers mates!
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@FundamentalAnalysis@Excelsior If you can understand the psychology of other traders, its ok to play that game, but always safer to have companies which are backed by something of value. Howvever I have messed around with Brazil resources in the past and did well (700% gains), and still hold a small position for that promotional speculative hype factor.
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@Excelsior@FundamentalAnalysis - Well, as mentioned further up in this room, I've followed and traded $URRE since 2010, and was interested in seeing them put some of their US assets back into production using their 2 processing centers in TX, but the spot pricing has been down for so long that this didn't play out.
They sold their NM assets to Laramide, which seemed to make sense to monetize those, but it reduced down their asset base.
Uranium Resources made a surprising move last year and bought Anatolia Energy in Turkey, with is an insitu project, and that seemed interesting so I took on more of a position to see where that would go (despite the fact that there isn't a history of Uranium production in Turkey). My reasoning was that they may be able to supply the Middle East, Europe, and Africa from that strategic location.
When they announced they were going into Lithium though, that really caught me off guard, and wasn't why I invested in them. I've been waiting for an opportunity to lighten the load and took it yesterday. When the stock spiked so much today, I just sold the rest, but may consider positioning in them again down the road when they clarify their focus a bit more.
For now there are other Uranium projects that are easier for me to get my head around and I'm very comfortable with my other stocks in this sector. Good luck to everyone in the Uranium space, but just remember to trim a bit of the winnings if things get a bit frothier in the near term. :-)
@EvenPrime@Excelsior I asked what I was missing when it was brought up that $URRE was not a Uranium company (only by name) and that $UEC might not be a Uranium company either. That's a bit of stretch.....
Like I said I own it for the optionality factor. My primary #Uranium positions are in $UUUU$NXE$DNN and $URG . I have "Optionality" positions in $UEC$URRE$UEX and $AL . I also swing trade $PDN from time to time. I'm not married to any of them other than $UUUU$NXE and $DNN
from #uranium, 22 Dec 2016, 15:11
@Excelsior@EvenPrime - Thanks for the re-post of my late December #Uranium positions ;-) As an update I don't have a $URRE position now (as I sold out over Tues/Wed) and don't have $AL any longer (but still see them as prospective explorers), but now hold $LEU and $LTBR in their places for Uranium stocks with exposure to the fuel enriching/processing/re-selling side of the equation. Cheers!
@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.