Hi rigormortis, totally agree with you. The old saying goes putting all your eggs in one basket. Most major companies kicking ass in the stock markets have changed tack several times producing new products that are required by the markets they serve. There are numerous U explorers and miners so the segment is pretty full and this was probably due to the boom that occurred in 2005-7 (everyone wanted to get a piece of the action). The reason I got in two years ago was a speculative gamble that with U prices being so low for so long that the only way from here was up. I have a belief that nuclear energy would outstrip wind and solar any day but in the end it all comes down to risk appetite and the by product of U is not desired. It's been a long two years haha. If they could discover something useful to do with the U by product (like a miracle cure for cancer) the whole equation would change in an instant.
The same boom is now happening in the Lithium market with two U producers in my own stock list turning to Lithium to diversify their offering. The question is are they too late. Sense would dictate that the Li market still has room for new players given the hype around batteries solving the worlds energy needs (as if).
Cheers.
PDN Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)