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gcs

651 Posts.

102

11/12/20

20:14

Post #: 49524083
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Originally posted by Zia: ↑

Hi gcs,

Fair point and appreciate your perspective gcs, we've been raving on about the macro and the fundamentals of a healing uranium sector for months now and I think the bigger players are starting to enter the stage now, big volumes across many uranium stocks not only on the ASX but the US and Canada this week.

I think Bank of America promoting uranium and #2 commodity thematic has no doubt helped, franchise themed brokers starting to pump some money in a very small sector so it doesn't take much to move it. Still a long way to go but no flash in the pan, this SP action across the whole sector is not motivated by any price discovery yet, more so that the whole sector has been decimated and left for dead over the past 10 years, we're just getting back to fair value and the premise of things to come, just imagine what's going to happen to share prices of uranium stocks once the price of uranium turns to reflect the economics of what's needed demand wise over the next 10 years.

Cheers and avagoodweekend all.

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Hi Zia,
Couldn't agree more.
Cheers

VMY Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

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