I’ve would like to own many more shares of Virginia Uranium at these prices. It’s taken me 2 months to buy about 1 percent of the company. I’ve put calls into the company as I would like to participate in a placement
I’ve yet to receive a response. Rather frustrating. And I’ve also asked some broker friends to help. But I can only assume their lack of response is representative of a lack of interest to raise funds down here
My 700k shares of $VUI doesn’t do it for me. If anyone can get a hold of management and is working on an issue. Please call me.
Before I get a bunch of tweets saying the project is hung due to a lack of uranium mining regs in Virginia.. ya I know. I’ve been involved with the company for over a decade. It’s the best deposit in the USA. I think it will eventually be permitted and has 100x potential
I’ve invested in 1st world jurisdictions all over the world in my career that everyone said would never allow mining of xy or z and I’ve made a pile of money betting they will. Jobs jobs jobs
Virginia’s coal industry will be gone in time and I don’t think they will be making tech products competitively. They are a nuclear force in the USA in terms of power and even military nuclear manufacturing. If there’s a hint that the status quo is about to change $vui -> 10x
I’d they get a permit 100x. So I like the risk to reward of being an owner in the early days of a bull market
I actual invested in Virginia at $100mm cap just prior to Fukushima around 2010. Seems to me if I liked it then. I should love it now (somewhere down the crazy river) with a fraction of that cap.
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If you own juniors miners expect dilution. If it’s the final capital to fund production at this point in the cycle buy the hell out of it
Ever one of the mine plans are likely to see capital costs double as this cycle progresses. $pdn has known operating costs and historic value of money sunk in its operations are greater than its current cap (inflation adjusted)
You want something real and certain to perform exceedingly well buy the hell out of $pdn now cause it’s the last chance you’ll get before it’s priced much higher
When I started buying silver it was just under $4/oz and in told my friends that it was free silver. You only had to pay for the cost of deliver from under the ground to you and at that time nearly all producers were willing to do that for you at a loss on an operating basis
They ignored the massive costs past shareholders incured to find, prove up and build their mining infrastructure. They got caught with debt and operational pressures to continue to dig up their assets and sell them even though most made next to nothing on an operating basis
such is mining. They sink massive amounts of others peoples money to find and develop. Geologists dream of finding and developing and mine. And many work on them for a life time. They raise money when they can and spend it quickly to try to bring their dream to life
#Gold down again but the #HUI don’t care and either do I. $NEM Newmont 4% dividend. Golds stocks are value plays and many with growth. #Gold will be $6000-10000 in 5-10 years. Forget the noise and get long
Again, I laugh when I see short term commentary about gold says deflation coming. In the last 20 years gold has gone from under $300 to $1700 ~6x And the DOW has gone from 10k to 30k 3x. $DJI, $QQQ, $SPX is stupid expensive and full of risk.
If we are gonna have rates actually back up and deflation then then the major indexes will all get at least cut in half. But the catch 222 is...
As I chat with more and more people I know that we’re all over uranium in the 2003-2007 time period I’m still shocked how under invested they are now.
Also, I don’t care how good any uranium analyst out there thinks they are we are all in the same boat when it comes predicting
No one can model the number of new reactor builds we will have under construction in 5 years and certainly not in 10 years from now. The resurgence in interest surprising nearly everyone now
When we look at the most bullish forecasts for demand growth that have been produced I can’t help out laugh. #uranium demand is gonna blow the market away.
The super bears still control the narrative and pressure and push back on those trying to stick there neck out even a bit
So, we should get the ASX 300 announcement for $pdn $PALAF 2nd Friday on March (12th) hoping the momentum continues to the announcement and the index fund purchases that will typically take place over the two days following the addition.
But, the real question will this announcement cause a bit of a selling freeze in $PDN and $PALAF as shareholders get excited for the inevitable June addition to the ASX 200. If we get a sellers strike combined with continued Uranium ETF inflows then we will get a melt up!
It’s my belief that $U.TO is likely working to secure physical uranium given its premium to NAV. The market is telling it to buy uranium. They really need to take advantage of this rare opportunity and call a shareholder vote to allow it to borrow and buy as well
$uranium investing, commodity investing, timing is everything.
You have to told your nose and buy where there are bankruptcies mine closures and a complete lack of interest.
When mines look worthless due to low commodity prices.
When to sell? When you see enough funds entering the sector to restart mines and fund enough new mines that it appears there’s real risk of oversupply coming back.
For the most part I’d the commodity prices is heading higher stocks will continue to do so.
Stocks often will begin to look weak toppy perhaps a few months before the ultimate peak. But usually the two peaks coincide well together.
If your in early then you need not care much about the last 20-30 percent and are likely better off scaling out as your goals are met