uranium: like gol was 10 years ago, page-219

Were you in U from 2005?

Joe, in 2005 I didn’t know a horses ass from a donkeys ear. But I have seen charts and it’s crazy. I mean, for PDN to go from .01 to +$8 and eventually falling to 2% of .047 cents.... I guess it’s always better than 0. Post restructure it falls to ~11 cents, there is NO volume coming down to .11, and miraculously now there is 100m in volume traded at almost 50% discount of the restructure? I was there that day, hence why I decided to put in something because I could smell bankster bile about...Since then it’s been steadily going up on big volume, in sync with higher U spot prices. I like the risk of a highly leveraged Senior play. It reminds me of SEA, but with oil. They fit those profiles. I mean, great for post restructuring holders, not previous ones. I’m a price man and right now it’s all about that U price. I mean, Joey, look at that UF6 chart!

At the time, the numbers planned were probably similar numbers to those you have quoted. I was probably a bigger bull than you at the time and covered the Namibia hopefuls, BMN, EXT and DYL in that order. I held it all the way through from 2005 to 2012. EXT fired big time for me and thank god a take over a week before Fukushima. Without the Jap’s idiocy there would most likely be a bigger premium for the final price. BMN I got out breakeven in the end post Fukushima (gave away eye watering multi baggers) and DYL was as expected a big haircut. Without this black swan and idiotic backup power failure, it would have been a scare and lessons learned instead of cover up, clean up and continued issues to this day! The industry would likely flourish but shiete happened instead.
- still unsure when you say planned... that is a number we haven’t discussed because I’m not 100% sure on that. What happened to pdn? That from 2003-2007, you couldn’t lose! (If you sold out in the end). That period of Fukushima and the U bubble must have been scary events. Like buying bitcoin at 18000... overall I’m up on the U sector but I’ve been very lucky. Taking my profits when I can. I like your stick chart comment btw, I experienced that with era when I bought at ~.40 and the supply suddenly was non existent upwards. Just like it probably did falling down.

I’m not new to this sector but decided that if there was a second chance, I will not take anything for granted. Your justifications were my justifications at the time.

-amen. That is why I am in my current position and stand behind my conviction that after the last few moves in the U price, we are likely to experience higher U Prices moving forward. I think price will try and find a sustainable margin between the spot price and the average LT contract price.

What I’ve learned is that as always in every commodity sector, grade is king. BOE has an instant attraction without knowing anything. PDN I think requires a higher spot price and advantage of a mine. The rest will be extending bowl constantly unless spit behaves like Li or Co.

-hahaha too true. That’s why pdn could be very sexy soon think about their spot price leverage.

There were constant rivalry between BMN and EXT holders like what you see currently in the Li and Co sectors. As you can see large resource or density. Rossing is the top dog there the EXT!

Some here are probably going through the moment and understandable so Ive lived through the highs and lows in this sector and realized another Fukushima is ever present.

Live and die by the sword don’t you think?

I take it with caution in this sector as you can see current spike can just as easily turn like last year. Good luck to your investments.[/QUOTE]

Thanks and you too!