The retail investor doesn’t understand uranium.
Go talk to your average educated buddy and they have nothing to connect uranium to other than nuclear power, meltdowns and 3 eyed fish.
Many of their thoughts will be ancient, uneducated and a result of negative media spins.
The mania retail money still hasn’t even entered, but it’s slowly gaining recognition.
I can genuinely see uranium price over $200 in 2025 and a real mania of $10-$20 jumps in spot. What price companies then? Who knows.
I can’t really see a glut of supply coming to market nor any drop in demand BUT I recognise the volatility is insane so there will be trims at times.
I trimmed some at $5.16. At the time that was an all time high. Felt great. 2-3 weeks later and we’re nearly $1 higher!
If we could fast forward 18 months I’d be super confident in BOE being higher, but a 25-40% retrace during that time is also a near certainty. From what point? Who knows? What will trigger the decline? Will it be market wide?
Cameco news soon. If they whisper negatively anything supply related then we’ll see spot at $120 in a flash. BOSS will close in on $7 in that case.
The retail investor doesn’t understand uranium.Go talk to your...
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Last
$4.50 |
Change
0.170(3.93%) |
Mkt cap ! $1.840B | |||
| Open | High | Low | Value | Volume |
| $4.40 | $4.54 | $4.40 | $15.57M | 3.472M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7750 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.53 | 16189 | 4 |
View Market Depth
| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
$4.51 |
Change
0.170 ( 3.73 %) |
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| Open | High | Low | Volume | ||
| $4.41 | $4.54 | $4.40 | 594715 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
| BOE (ASX) Chart |