The frustration with WME and all Uranium stocks will certainly pass in the very near future IMO. Worldwide, the push for greener energy sources has started to take a major backflip on one of the preferred options, being Biofuels.
In a report recently released, it suggested that in seeking out alternates to carbon fuels (for energy), it has unwittingly, or deliberately, exacerbated the current worldwide shortage of basic foods in countries that can least afford to both lose it and, pay for the escalating cost of rice, corn, sugar cane, wheat and sya beans etc. These are the staple supplies of hundreds of millions around the world (especially Asia), and yet is the source of the Biofuels being developed. The report (although contested), suggested that the developing of the Biofuels has changed from "climate savior to a horrible misguided experimen", soaking up production capacity in world markets, at the expense of the starving.
Time will tell how quickly this situation can be reversed, or halted, but take it as a certainty, shortage of food will create more worldwide unrest than any environmental impact of clean uranium sourced energy.
This can only help the case for more reactors and, the case for continued exploration and developing of areas like WME, to supply that market in the short to medium term.
The latest report is good stuff and will start ringing bells in the right areas very shortly.
WME Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
