Currently at this point in there would be a few categories of posters
1/ Those holders well underwater hanging on and prepared to see it through regardless of outcome
2/ Newcomers like me prepared to take a chance in the darkest hour on a former blue chip with world class assets, confident they can get a deal done to pull it through, yet knowing the risks
3/ Short positions who are protecting their positions spreading fear
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Fact of the matter is if this goes into VA shorts will go down as well....so shorts stand on notice as well
I guess what inspires a little confidence is
@0xbadc0ded is posting here....and I know that guy is often loading up on the lows, I actually have respect for him from AHZ threads he is quite smart
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Overall Uranium fundamentals are sound, with Japan set on approving two more reactors to go online in 6 days time, we have the Indian Uranium deal, and 60 reactors in construction globally.
Billionaire investors are also betting on uranium’s increasing profitability with most of them betting that it is on the verge of a price break-out.
Billionaire Investors Weighing In, Too
Li Kashing, a Hong Kong billionaire investor, has said that he plans to purchase $60 million in convertible bonds in uranium projects by NexGen Energy in Saskatchewan, Canada. He plans to do so via his CK Hutchinson Holdings and CEF holdings.
D.E. Shaw, a billionaire investor, has also announced his acquisition of 1.4 million Cameco shares. He is also expecting substantial increases in uranium prices brought by the growing demand amidst tightening supplies. He has joined the ranks of several other well-known wealthy investors including George Soros, Ray Dalio, Steve Cohen, and Ken Griffin.
Even Bill Gates has joined the uranium industry through TerraPower. He is in the development process for a Fourth Generation nuclear reactor designed to operate on depleted uranium instead of enriched uranium.
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Could this company be currently in a change of ownership?---- the share registry looks just too powerful to go down that easily. Any thoughts?
(20min delay)