Just a word first. When markets have an extreme liquidity event technicals get distorted to the point where they have less meaning.
Still some value in viewing them relatively and looking at volume vs price percentage on moves. As the markets continue to convulse (and I think they will for at least a little bit longer.)
Start to look for ridiculous value and scale into purchases for long term holds.
Or panic like everyone else and throw your shares on the ask. Just remember someone is on the other side of that trade.
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1/9 Notes on the @CruxInvestor interview with $EU's Sheriff.
Not done acquiring - $LAM makes so much sense here but the Oz assets don't fit. $AEC seems like a poor fit after listening to Bill unless they would sell partial assets. Could M&A of sorts with $AZZ be beneficial?
2/9 Not a single jurisdiction - Texas is clears a key to the strategy but New Mexico is the cornerstone of the strategy. It would be interesting to see the economics of trucking or railing the resin to Texas. Is the current plant(s)) enough or does $EU need another? ...
1/9 Anybody have time for #MonkeyMath? We don’t know if Appia will have to same resource size or value as Round Top. What we can do is use comps to arrive at a value for Appia IF IT DOES. Then makes some extrapolations at different resource sizes.
2/9 One thing Appia has going for it (and this is a very big deal) is that they will have lower capital costs due to the province providing the capital intensive processing facility.
3/9 Working from the end, Tom estimated that TMRC might arrive at a $5.07 price per share based on 46.6M shares outstanding and a future market cap of $236M dollars. That was based on 30% ownership at the time of writing.
1/6 - Not sure how much I trust my recollection because I am squarely middle aged now and I was pretty new to #uranium back then. I think everyone sees the parallels now although the COVID shutdown and its impact on global supply chains is new.
2/6 - I don't really recall energy security being a factor in the 2000's either. Uranium miners as an investment were very unloved (familiar?) When I told friends I invested in them as a them they looked at me like I had three eyes.
3/6 - I was a Jimmy Dines student back then so many of the stocks I initially bought were from his newsletter. It got to the point where if you had a stock watchlist you could spot the telltale activity in the equities he was about to recommend. That became a fun game.
1/X - Gonna share some thoughts on possibilities with from here. I see some similarities to REEMF and want to draw those out. I am not trying to talk the stock down as I think it is great and has good returns ahead.
2/X - I am creating a plan and if I am close I will re-enter lower when the technical risk is lower. If it runs away (a real possibility) I am very happy with my gains and will be happy for those that make future gains.
3/X - Chart 1. A busy chart but in trying to find the patterns in this burst this seems to fit best. There is a clear 5 wave impulse which has ended and should be at least a 3 wave correction.