LOT 3.37% 46.0¢ lotus resources limited

The uranium space has had many false startsAll the way back as...

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    The uranium space has had many false starts
    All the way back as far as 2014 every few years
    Rumours about Japanese restart the stocks spike
    And fizz out again good to trade

    I traded during these times did my best anyway

    Since u mentioned deep yellow in 2016 was as low as half a cent in 2018 consolidated
    due to borshoff and buddy RR getting together again
    With the plan to swoop on undervalued uranium miners but bors
    hoff delayed and stuffed that up

    Anyway in covid 2020 uranium price was around $22
    And when cigar Lake stopped due to civid the spot jumped $10 40-50% increase signal of supply shortage the price dribbled back down the stock where cheap at the time easy pickings backing the field

    I know about the previous boom and what they all did
    Bought paladin in 2002 at less that. 02c

    Now to current outlook on uranium i only know what everyone knows is that at current time about 200mlb
    Needed to supply all reactors and only 150mlb of supply according to WNA
    And not one mine is in production on the ASX anywa
    To equalise the demand
    Not to mention the reactor growth
    Carbon zero
    And the new investment in physical and other pkatforms a uranium demand like never before
    Uranium has long way to go
    And is setting up to stay

    If you think lotus cap is overvalued at $730m
    Who has a mine and is not burdened
    With raising funds for construction and the years

    Just look at what prices the lithium plays went to
    Billions in market caps

    If the lotus bags are to much for u simply sell and relax

    Imo
 
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
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