Yesterday I bought a bit more AGS at 63.5c and the price continues to head south. Any thoughts?
From where I sit also see a strong southerly impacting other uranium stocks as well, probably on an expectation that the POO will remain depressed for a while. There is a global credit depression which will take some years to reslove itself AND the USD will inevitably find itself at about 50-60% of its current purchasing power value. (As a new JV supplier, AGS can avoid the latter risk by ensuring that Heathgate does not (stupidly)lock delivery contacts to the USD.)
There will be expected energy supply constraints over the next few years and newly constructed power plants will, in any case, need to be supplied. I will continue to through a few dollars in this direction when I can.
Cheers
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