I really enjoy and appreciate all shared by contributers to this thread, time to give a little back.
Worth an hour of your time before you buy or sell any of your uranium stock.Explains what is different between this bull cycle and the last. This will be much better in many ways, for example why did the price of uranium drop off at $140 a pound last time round, that's because the US and Russian governments created an over supply of 80m lb a year as part of a disarment agreement, and that enriched U resesrves ran out in 2014. The US government is now a buyer with $1.5bn to spend on building a uranium reserve, Sprott buying causing the price of uranium to climb fast, 8+ percent in 3 days, much more buying to come, producers continuing to buy off the market. How much uranium is out there left to buy up, not much is the impression given by the UEC CEO.
A good watch, put my mind at rest after the last couple of months of U stock price drops. Reason for my sentiment.
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Fill your boot, this uranium train is leaving the station
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