URANIUM (NYMEX) uranium: like gol was 10 years ago

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$27.80 uranium futures

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Kgmadden

232 Posts.

38

10/08/18

21:01

Post #: 34869066
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Originally posted by AverageJoe ↑

Its the boom and bust, what's new?

Remember Ravensthorpe and nickel a few years back? BHP spent billions and sold it to the Canadians then this happens, http://www.abc.net.au/news/2017-08-09/ravensthorpe-nickel-mine-to-close/8791356

Now Nickel's revival riding on the EV boom.

Property punters betting on Coal mining towns in QLD is no different to punters doing the same in Karratha. $10K/month rents for a 4 bedroom at the height of the boom and investors think this is normal?

My mistake in the past was to be sucked in by the media telling me cola is an energy source of the past blah blah. I wanted to pull the trigger on WHC! The same thing can happen to U but I just don't see a sustainable trigger.

Even Vimy thinks the LT pricing needs to be $60 before risk investments can be encouraged to fund new mines. If Cameco thinks this is achievable why would they be C&M on McArthur River? Could be another dumb BHP decision like Ravensthorpe? Possibly but I rather wait for the U pulse than second guess it and be stuck for however long it takes if dilution/consolidation hasn't wiped me out like PDN! It is the opportunity cost holding period. Just ask the PDN, BMN, DYL LT holders and how they feel? A decade on and still waiting with 90+% drawdown?[/QUOTE
If Cameco thinks this is achievable why would they be C&M on McArthur River?

Because they can buy it cheaper from spot.

Pdn couldn't pay debt and got played really.

I've got u stocks up 80% , so when we do see $60 a Lb......well $$$$$$$$

Good luck

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