LOT 2.47% 39.5¢ lotus resources limited

picking tops or bottoms is hard the market overshoots both ways...

  1. 2,619 Posts.
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    picking tops or bottoms is hard the market overshoots both ways
    If you count the consolidation x 8 the price .24c as a low point and today $4.77 many bags
    and still not in production ..

    uranium miners with mines in Australia and say the fastest to produce uranium and say this year ?
    Paladin BoE Lotus and Pen = about 10mlb as a strong number
    plus whatever Olympic dam and Beverly produce = x mlb
    the rest are years away even if they started mine construction yesterday

    the global supply shortage according to the WNA is 40-50 mlb each year in short
    and growing as new reactors come on line as well as the physical investment growing
    the U.S. alone needs about 50mlb yearly
    and there home grown deposits are small not enough for there needs they will need to import
    and if you take out the east supply they will struggle
    that why there has been a lot of back pedalling on the Russian ban

    anyway I see uranium in short for many years
    and Australia to lift uranium bans

    imo








 
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