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.....
Dev - I get what you are trying to say.
I have been tracking commodities and to a large extent commodity stock prices are sentiment driven. Sentiment is strong for USD - "Sell the darn commodities" is the war cry. I am aware that U prices have not fallen much compared to gold or copper off late but well U happens to be a "Commodity" and I am aware that this is insanity.
Markets are irrational and that is when you have buying opportunities.
I am long and underwater and continue to hold as I very well have seen these kinds of nonsense before.
Rate hikes are in sept - until then you will see drop in prices.
I would wait before jumping in - there is no rush.
strong usd = bad for commodities .......why in the world would anybody buy URG now? rate hike is still about 2 months away........
strong usd is killing commodities. @ 63 cents we are at 2009 pps. I bet this is headed for 50 cents or below as the rate hike is only in sept.
it is a no brainer at that price...........with US rate hikes coming in sept - commodities will take a hit between now and then........sit back relax and wait for 50 cents..........
gotta - entire sector is down. it is not a stock specific move - entire U sector is beaten to death.
All we can do at this point is wait it out......
yes dev - it makes no sense.
Regarding CEO - you brought up a good point. Isnt that the very reason why CEO's are paid well?
Our CEO should be kicked out asap and replaced with somthing who can communicate well with the markets..........
I remember Jetty telling us that he loaded a lot at 1.06 he must be buying to cost average but I know for sure everybody on this board is underwater.........