It has been well above 1 year since the accident in Japan and still uranium price is suffering as do uranium producers share price.
I suspect that when that happened and with the sudden drop in uranium price, many did hedge against increase at a 50-60$ level avoiding uranium price to climb a lot higher. BUT this will start turning around because it is making really hard any new start up projects and actual supply may start being shrinking.
Any small increase in price will have positive consequences for actual mining company and UUU is one of the largest in the world.
So, if UUU starts hovering around 2,50, i am a buyer and i will start accumulating. Naturally i will take some profit off the table on any good share value increase but still keep a good chunk.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
I suspect that when that happened and with the sudden drop in uranium price, many did hedge against increase at a 50-60$ level avoiding uranium price to climb a lot higher. BUT this will start turning around because it is making really hard any new start up projects and actual supply may start being shrinking.
Any small increase in price will have positive consequences for actual mining company and UUU is one of the largest in the world.
So, if UUU starts hovering around 2,50, i am a buyer and i will start accumulating. Naturally i will take some profit off the table on any good share value increase but still keep a good chunk.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Get THE PLAY OF THE DAY on Twitter : @investman2
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