Ev, didnt we feel the same when it hit $1.00, then at 90 cents, then at 80 cents, then at 70 cents, then at 60 cents......
I would request you to follow what CCJ CEO says and he clearly has said until 2017 the sector will be dead.
You can bash me - I dont care but that is the reality. Japan restarts had no effect on U sector.
If you have patience till atleast 2016 end you will be fine.
in 2008 Oil dipped to 36 - the talk of the town was oil is done and there is no hope- going to 10. it soared to 110+ in a few years time.
Oil is somthing even if we dont like we need it to run our day to day life. All the supply gut is BS - frackers were around for years?........wasnt Iran in oil market say 10 yrs back? why was there no glut then..........it is all politics .........
U - well Japan proved that you can survive for years without U.
Good Luck Ben
only fools would invest in Uranium Ben. The supply demand equation will be balanced only in 2017 - I never said that CEO of CCJ said that( Jetty is nobody compared to CEO of CCJ). Japan restarts have no impact on that. Strong dollar (Fed rate hike ) is a killer for commodities.
If you want to invest in commodities - oil is the best bet. I like nat gas as winter is just around the corner.
U will turn around not until the end of 2016 .........until then it makes zero sense to invest in Uranium.
when reactors restart you had predicted a take off in PPS......why has that not happened?
forget about a dollar it is not even close to 80 cents........what is going on?
Ben - as I expected it bounced. I do need to admit I was off by about 5 cents. I had 52 cents in mind before it bounces back but it did at 57.5 cents.
The game here was to take it to such a low level that all weak hands would give up. Once that level has reached then back it goes up.
Another thing that I learnt besides the above - never invest in anything which keeps you awake at night- in stocks which trade under $2.
Stocks are manipulated - this applies not only to URG but have seen this happen to Intel, apple, aloca etc.....
wasnt that bad sale equivalent to a dilution? I know that the share count did not go up but the pps drop tells me that the market has priced it as though a dilution happened.
remember I told u that this will go down to 50's and few more weak hands to sell.......and you got out.
They will take this to low 50's and then back it will go to 1.......
Have seen this #$%$ with many other stocks........
agree with Ben on that ............dont listen to anyone on this board.
Bulls - you will hear Jetty, Dev and others say bet your farm on this but boy there were all terribly wrong. so wrong that they probably are deep deep underwater on URG.
Bears - King - when the stock goes up he is super silent but comes out when the stock goes down(typical bear). But he has been mostly right off late.
U is a long term play - I would stay away if my horizon was not 5 yrs +........
I dont think this will drop to 40's unless there is a dilution.
50's should be the bottom........most retail must have fled by this drop from 1.07 to 60 .........few more left - once they are driven away back it goes to 1.
must have crossed the 10% ( or whatever) limit to get nominated on the board........lol
yay we have a board member amongst us ......ha ha ha
their costs are in CAD and though the price of gold is down in usd - CAD is down a lot.
In CAD terms gold has not dropped much..........
dilution risk is there - which is the only reason why I dont think about buying "Moar". Though they say they wont dilute this year - if this slump persists till mid 2016 we are done.
I have turned my attention back to oil but I do keep an eye on this ugly duckling of mine.
Beno ......... I feel your pain.
hang in there......commodities are like this - when it is red it is red for months but when it is green it is green for months.
The question that remains is : a) will the company survive until those green days come? b) Do you have the holding power until it turns green?
Fed should raise int rates in sept - dollar soared by 20% off late - in sept you will see dollar selling and commodities going back up. so hang in there...........
it wont go BK but dilution is your number 1 threat........this company produces real stuff and operationally is profitable .....hang on there
I am very well aware of the rate hike thing. I dont expect rate hike until 2016 but unfortunately it is not me but the market which thinks it will raise int rates in sept. Except USA the entire world is not doing good - greece, euorpe, china, australia, latin american countires.....