Thanks Goodoh.Always a good ideal to look at the exit stategy. I...

First 407 Last

Share
Profile

Follow
MPC11

365 Posts.

40

13/01/24

09:25

Post #: 71861015
Share

Originally posted by goodoh: ↑

This is an update of the monthly chart posted on the 7th of October. The difference is this is a log chart while the chart in October is a regular chart.
When it was first posted the target of about $8.00 seemed so impossible. But now that target looks more attainable.
However boe already has a market cap of 2 bil based on the current price of $5. If prices go to $9.00; boe would have a market cap of 3.8 bil which looks to be rather overprice for a company which would only be producing about 2 million lbs of uranium. Of course many times sentiment do trump fundamentals and with uranium prices so hot it won't be surprise to see miners stocks overpriced. Anyway I will stay in this stock until the chart tells me it is time to let go and by then prices may be well above $9; but then again it may not, time will tell.

And the line chart with her target

Expand

Thanks Goodoh.
Always a good ideal to look at the exit stategy. I agree that it will be getting a bit overpriced anywhere much above where it is now but the share price will also be based on our thoughts on the future of the uranium sector. I think with uranium maybe on a run to silly numbers then silly market caps might also be accepted for a while.
In an exuberant bull market sector our usual ideas on a stocks value can be discarded. Please let us know when the charts start hinting at it getting overstretched.
it's going to be fun anyway. I might look at slimming my holding if (when) it runs quickly to over $6 or $7.

Cheers,
MPC

BOE Price at posting: $5.09 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply