#Uranium cycle realties:
- multiple 50% sector drawdowns
- explorers can drawdown 80% intra cycle
- it's unlikely to swim against the pack of other #commodities
- the constant reloading of spot supply with lack of utility buyers creates uncertain in price discovery
1/2
- multiple 50% sector drawdowns
- explorers can drawdown 80% intra cycle
- it's unlikely to swim against the pack of other #commodities
- the constant reloading of spot supply with lack of utility buyers creates uncertain in price discovery
1/2
- another 20% downside can't be ruled out for this down-leg, 35% plus for high beta burning matches (2-6 months of further pain)
- the next upleg (if backed by $65-75 spot) will provide 2-3x returns for the sector & 6-9x for high beta burning matches (4-18months out)
#uranium
- the next upleg (if backed by $65-75 spot) will provide 2-3x returns for the sector & 6-9x for high beta burning matches (4-18months out)
#uranium
So in the context of S&P500 3000 target 🎯 what will that mean for your favourite #uranium plays bottoming:
$AGE 2.1c
$BMN 90c
$GLO $2
$LOT 12c
$UUUU $4
$BOE $1.40
$PDN 41c
$AGE 2.1c
$BMN 90c
$GLO $2
$LOT 12c
$UUUU $4
$BOE $1.40
$PDN 41c
While the one cycle specialists are talking how great the fundamentals are, we will focus on the bottoming accummulation points based on where markets are going in the short term #uranium
• • •
Missing some Tweet in this thread? You can try to
force a refresh
