True, but did you read the latest from stock gumshoe? It relates to Fission, which I don't own, but will soon through Denison. Love to hear people's thoughts on the possibility they are right.
It's a start, but I set my sites much higher. Had Cameco offered $2 last year for Denison (when it was $1.75), it would have been firmly rejected. Since then a lot has happened and it's evident to me that uranium is entering a long term bull cycle.
Todays news: Sendai reached 100% capacity today. Output was raised to the maximum level of 890,000 kilowatts.
Kyushu halted work to raise the reactor's output on Aug. 21, as it found some cooling water pipes damaged and seawater leaking.
The halt was probably the cause for uranium stocks dropping last week.
Nice to see they are at full capacity today.
Japan has started to shut down plants using oil. That bodes well for uranium prices.
For shorts its over. In case you haven't checked shorts have already begun to cover. Piggy shorts get slaughtered. All of you 100 shares get called in. Pipsqueak that means no soup for you.
Tokyo, Aug. 29 (Jiji Press)--Output of the No. 1 reactor at the Sendai nuclear power plant in Kagoshima Prefecture reached full capacity on Saturday, 18 days after the unit was restarted, according to Kyushu Electric Power Co. , the operator of the plant in southwestern Japan.
The output was raised to the maximum level of 890,000 kilowatts after operations of the reactor were resumed on Thursday. Kyushu Electric halted work to raise the reactor's output on Aug. 21, as it found some cooling water pipes damaged and seawater leaking.
The halt was probably the cause for Cameco dropping last week. Nice to see they are at full capacity today.
Even Pakistan is building $10 billion of new reactors. India said they were seeking a 10 year national uranium reserve. I don't know if this was approved by their cabinet or when they'll start accumulating. They believe the commodity is too difficult to produce for such a low price and they didn't want to be caught undersupplied. It's old news but for me it carries a lot of weight.
Denison is no 3rd class miner on the verge of bankruptcy as the price suggests. I've been adding just enough each day so not to move the price higher.
$55m of added noi is good, but the real money comes when they increase production.
Up another $0.25 today to $36.90.
That may not be a bad thing. More funds could then own it. No debt vast assets, partnered with Cameco. Merging with Fission wraps everything up nice and clean for Cameco to step in.
The market could drop another 1000 points and I feel safe with Cameco at this depressed price. I added 10% Friday and another 10% today. I doubled up on Denison, which they are just giving away now. Kind of like if Cameco was priced at $8.
Up another $0.15 today to $38.55. Seems like Uranium is the only commodity that doesn't go down. Seems to me this sector wont be ignored forever.
Who is he to deserve so much attention?