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29/10/24
14:53
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Originally posted by poppypop:
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Long term investing in ERA uranium mine between 2009 and 2015 I lost 90% of my initial investment. If I kept it until today I would have lost 99.9 percent. Instead I started share trading in 2020 when covid hit. I'm now 120% financially wealthier than I was purely because of short term investing on the asx. Under no circumstances would I ever recommend long term investing in a speculative uranium company. I think it's a really bad idea. It only takes one nuclear disaster for the uranium price to sink and we are nowhere near all time lows at 82 a pound.
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Incorrect 2009 to 2015 2009 Peak !! uranium was on the way down peaked in 2008 Fukushima 2011 helped and pushed it faster ! bottom of cycle was 2002 ,