Google it. Uranium is clean.
Google it. Uranium's energy is clean.
I picked up some more today on the dip. At 15-17 X 2014 earnings, I really like this investment. Others aren't buying because Uranium scares them. Also too many people got killed with gold miners and Cameco is a miner. I like buying when others wont.
Next quarter should be good. The question is what will U prices be next year. I feel very strong about their future with Cigar Lake coming online next year.
It's all about playing it safe. If Gold holds steady or rises they may lift the temporary closure. Meanwhile they pay down debt safeguarding against a possible gold crash. If gold holds steady their profit/cash flow increases considerably. They could sell the mine to the Chinese or other groups and payoff debt too, but I wouldn't want to sell for less than Fair Value. The price to cash flow was 7X with cost savings the ratio improves and they have the mine should prices improve. Management has done a good job cutting costs, reducing their all in cost to mine. I wonder who the new investors are. Should it turn out to be a Chinese group the whole mining industry could go parabolic..
Closing the mine was a godsend. Gold price will rise with reduced supply factored in. You don't know how a secondary works. JCP has nothing to do with Barrick. I think you need some luck.
I read today as a blow off. Watch ABX on Monday. If it moves over the offering price GDX will take off.
Selling today was just plain stupid. I don't care what spin shorts put on it. Closing the mine saves a ton of money. It can be restarted when gold is higher. The offering dilutes shares which I don't like especially at $18.35, but at least its over and debt is reduced. The painful moves have been made. The stock should have closed over the offering, near $19. I consider today a blow off.
Was this the blow off we've been waiting for? Miners are beating estimates. Surprised at the selling. Seems to have stemmed from Barrick. I will definitely add to Barrick on Monday if it remains below its offering.
I have been waiting for this. Now Barrick is part of my core portfolio. With the $3 billion debt paydown, the dividend payouts are looking pretty good. I will rank it my second top pick on Motley Fool later today.
You know gold is going lower when Israel strikes Syria and it continues its decline.
You will lose credibility fast with your call before earnings report. She doesn't care, she's done her real job for her short clients. I upped my shares after her call and will hold out for $17 or higher. That's they way you use the crooked analysts.
I have a few shares I bought in 16s recently. This has been selling off for a long time. I think we would have heard bad news by now. IMO selling is related to funds getting out because CI investment will not result in immediate results. I don't think we are near the bottom. My ammo is dry. I am waiting for the big drop on large volume. If I am wrong I still have a few shares I will profit off of. NT $13+ LT $22+.