Thread by @BambroughKevin

I think a big part of this #uranium pull back is a result of unrealistic expectations in some mining equities. I believe that there is and will continue to be rebalancing as the market starts factoring in permitting risk. I also think $cco $ccj was not understood by many

I know speaking to friends and some fund managers that they were taken by surprise of late and were planning to reposition. Some did right away. Others felt them missed the opportunity or have more illiquid positions that are harder to move.

I think the ‘lift all boats’ and positive feed back loop with the uranium ETF’s has been playing out in reverse. Money exiting uranium ETF’s overwhelming the space. ‘Sinking all boats’. I’ve been chipping away at some of the names I feel are being thrown out unjustly

$el8 just financed for example and I like $lot at these levels.

I’ve added to $u.un considerably as well. As I think we will soon see a major squeeze in the #uranium price. The difficulty permitting, financing, constructing new mines is a trend

I’m 100% certain supply forecasts are way over estimated and demand continues to grow and grow. The set up right now is incredible. The size of the gap between supply and demand is just getting bigger and bigger each month.

Got a block of $el8 via $elvuf today at @31c That’s 44c aussie under the deal price of 45c they just did. Well off the +70c high of the year. #uranium #barginshopping