For no reason.
Rare earths are NOT going to go away - they are in extremely short supply, and demand is high and getting higher. Stocks like ALK, ARU and LYC are all moving towards production, with LYC being first cab off the rank later this year.
Uranium stocks, like PDN, ACB and others, should now be showing renewed buying, as the uranium price is rebounding, and the reality of the world situation is that there are well over 400 nuclear power plants that need fuel, with more being built. Yes, I know that sentiment is heavily weighing on the uranium market at the moment, but for those who have a longer term viewpoint, the reality is that companies like Paladin who are already producing, and ACB who have what is probably in the top 10 uranium deposits on the planet, are WAY undervalued.
Interesting that CitiSB have reduced their target for PDN - from $6.40 down a whole 20c to $6.20. Yet it is being "botipulated" down again this morning, and is less than half that price.
Ridiculous, and needs nerves of steel and an iron hand on the tiller, to mix the metaphors, and resist the temptation to sell into a falling market, only to see it bounce hard any time soon.
For those with capital at the ready, buying any of the mentioned stocks any time soon would not be a bad move either....
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Last
$9.87 |
Change
0.115(1.18%) |
Mkt cap ! $2.949B |
Open | High | Low | Value | Volume |
$9.90 | $9.96 | $9.77 | $7.109M | 720.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 2028 | $9.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.87 | 5524 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 1646 | 9.860 |
12 | 3959 | 9.850 |
11 | 3478 | 9.840 |
10 | 4180 | 9.830 |
8 | 16244 | 9.820 |
Price($) | Vol. | No. |
---|---|---|
9.870 | 5721 | 9 |
9.880 | 5711 | 8 |
9.890 | 4567 | 9 |
9.900 | 10408 | 9 |
9.910 | 7161 | 7 |
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