Uranium is about to go nuclear, page-29

Hi callisto, Your post reminded me of posts I seen 5 years ago on uranium producer and explorer sites. I invested in PEN and PDN with gusto about a year after the Fukushima event expecting exactly what you have written re the downside and upside. We (longtermers) listened to the experts telling us the revival of U was just around the corner and we waited patiently for the Japanese to turn back on their plants. We waited patiently for the disarmed nuclear weapons uranium to run out and now U investors are waiting patiently for all the new (mostly Chinese) nuclear power plants to be built. The Chinese have stored uranium to power their plants for 15 years. The Chinese are buying into and running their own uranium mines so relying on them to drive the U price to new bull market highs is fraught with danger. Meanwhile the renewables are improving every year and countries like Australia for instance will probably never be interested in nuclear power. I have been a believer in the Uranium revival for 5 years and have the capital losses to prove it but will the uranium industry ever recover ? I don't know but I wonder. DYOR
Regards Tommy