I am a holder in VMY ,deep under water like others and have hopes for the long term about the sector and co, though the co has not been run well in the last two years IMO.
Friend is an expert on Hurst cycles ( MIT/Harvard background ) , says uranium stocks are a big sell into Dec 2019 and says he will not touch a single uranium stock now , he is very sure about it . If we see twitter there are too many rampaging bulls, IMO retail have to lose a lot of money again , get fed up and move out of uranium stocks, can take a year or more. Uranium market to move big time may be 2020 and beyond , but with poor retail participation ofcourse.
RCF has given up on uranium stocks for whatever reasons we do not know. A French fund might have shorted the other ASX Uranium stock we know well ( RCF linked ) big time over last few days .
VMY may continue to be weak IMO, no other option except to hold for 2020 and beyond. Hope these guys will cut the admin costs to the bare bone . Is Mike Young listening ? I think he is a reasonable guy and knows when he is wrong.
VMY Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held