A nerve wracking play?.Yes, CXU had a small drop from 32.5 to 31...

A nerve wracking play?
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Yes, CXU had a small drop from 32.5 to 31 this week. A touch of 30. A number not visited this year. So not a good look.
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I have my Weekly Report for those interested. Regarding specifically to EL8, I feel its just playing the macro. There is no strong stock specific factor to overcome that. And I feel it may continue to play that.
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Overall though, its looking very vulnerable. It will not be easy. Because I still don't know how much the sector will drop, honestly. My May End U sector high may have been a good call to buy back more than double than the shares now. But as I have said, gains also are made accordingly. But as I have been writing for over 2 months, the writing was on the wall. If I was like JQ and JH having big following on twitter, many may have done well. But I am a non-entity over here. I still feel my calls have been much better than them for short-term plays. Not once, but for over 2 years now. For long term plays, actually you don't have to do anything, buy and close your eyes. Not sure those experts keep on repeating everything same week. Markets lead the way, they take the credit. Oh well such is the workings. Lets accept it.

EL8 is in a very critical phase. And I mean it it. Its at 52 week low. When in May end, all big stocks made huge gains, it struggled to get towards its 2021 high. But when stocks are falling, it made a dash for it. So not a good look. EL8 though is very volatile - big swings sometimes. But overall a very weak U play now, I hope it changes for holders..
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For those interested how stock is tracking against other Uranium stocks or who hold multiple Uranium stocks, I do a Weekly Report across 34 ASX U stocks for more than 3 years. It has got Weekly/Yearly data how stocks are tracking. Also figures for last year. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/age-weekly-report.6580138/page-5#post-75059032