I think there is some fundamentals in play driving small pop. They secured financing and spot has appeared to really bottom after a multi month slide.
20-year-old Canada-China Nuclear Co-operation Agreement was signed by the Harper government last year allowing uranium exports to China.
I'm thinking about investing a little more now. Seems like some positives on horizon for industry with centrifuge near completion, Japan starting up next year, russian megatons for megawatts ending in weeks, and the continuing high demand out of china. Scoop up some shares for at least a double within next few months.
The growth in nuclear in china is undeniable. Add in India and we have a valuable commodity. If we can just get the clumsy Japanese to stop repeatedly fumbling their containment then we have a ballgame.
I know that's really nothing. To get back to 2.60 pre split is still super low on historical trading value. I noticed that global warming article about all cities heating up by 2047. Nuclear is a way to certainly help delay that. Once folks realize that nuclear when implemented in modern applications is the greenest and safest for the future then this stock will rock. could take a while I realize. I will keep accumulating. It was unfair to judge the industry on fukushima which was a totally outdated facility build in the wrong place without protection for local area should an accident occur. Modern facilities need to replace these outdated ones. Waste can be reprocessed now with new technologies. One day the world will realize this is not 1975 and will proceed with nuclear energy at a more aggressive pace.