Re: Stocks / Share & Daytrader
Kazakhstan just cut Uranium production by 10% for the following year. This is huge news and leading the gains in the sector. Its like OPEC cutting by 10%.
Feel free to go to Katusa Research and read through his commentary. Share prices of many stock have moved up large this week. UEC just announced a Financing deal to raise cash. This was the same thing that was done by cash strapped Gold and Silver Miners in 2016. Don't be surprised if the weak balance sheets dilute shares. It can easily happen and with every spike there is always a blow off that can be a major buying opportunity.
Even with the blow off with the UEC Private Placement at $1.50 that tells me my original goal of getting 10k share under $1.00 USD may be over. Stuck at about 8,00 shares myself. They may have been early to announce a fund raising. But definitely opportunity in this market over the next 3-4 years. A little disappointed but I know how it goes. I personally am stalking the price of DNN Dennison Mines in my opinion although this is a non producer it is the best asset out there. Lucas Lundin the Chairman some people have called a Broken Slot Machine.
Again commodities are crazy and volatile as heck. Learn as much as you can do you research. It appears to bear closer the the bottom but one who does get in must have a high tolerance for pain when things go wrong and be able to jump through the roof and keep a level head when they go right.
Any Stock in any sector never chase it and be an Alligator sit back and wait for something in your liking. https://katusaresearch.com/prepare-p...ranium-demand/ |