The uranium bear market took all miners scalps most disappeared the survivors had a very hard slog
Trying to keep the lights on a product that dropped in price that no one wanted and cost more to get out of the ground
some looked at other avenues
if u did not get out it was painfully brutal for years and there was many false starts in that time
the majors selling at a loss for years to move the product cameco and bhp kazatomprom which flooded the spot
which went as low as $16lb even the commodity traders found it hard
the uranium space was dead globally in Australia the rockstar Paladin’s his real achievements as a producer making money a $5b market cap at peak with a lot of dept share holders holding before reconstruction in 2018
Had there holdings disappear to the tune of 98%
so any holders still holding without adding ..there share or shares from there initial investment pre 2018
are 98% down from Paladins current price
every holder on any uranium survivor which most have consolidated without adding is still in the red
will you get in the black one day who knows ?
but I do know the previous boom there is no comparison to this uranium boom
is not going to be a cycle that comes and goes
this is setting up for a permanent stay reactor avalanche carbon zero physical investment
east and west separating supply shortage security of supply etc it goes on prices will still go up or down …
that’s why imo extract holders where winners last cycle 20c to over $8 thank you
u where forced out even if you wanted to stay took the money and run
as it started to collapse
the best of luck to all holders
all imo
.
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