What a beauty - GLO (Too expensive right now?) - Global AtomicWhat a beautiful run that was from the lows last year. It's still not getting much love from many investors (maybe it is becoming to expensive compared to the actual results) but if they can deliver on their DASA project in Niger and go into production with the estimated $35/lb while uranium prices are at $100+ (wild guess :) it might have a lot of runway ahead... To me it's a keeper. $GLO
Uranium
I think that UUUU is now in Markdown phaseI think that the labor market is now getting better, national mask mandates are lifting, sanctions on covid are lifting.
Mines are going to go back to work, more labor available, newer machines with grants and eco bills.
I think that the cost of UUUU will go Down, due to uranium supply re opening, and technical data. this will persist until maybe October in the winter months when energy is in high demand and labor is more expensive.
Blue Sky UraniumBSK, which is a high beta play for anyone wishing to get exposure to uranium stocks, seems to lag the index.
While already been a stock offering a high risk-return tradeoff, this short-term lag offers a good opportunity to enter this market as, if the correlations persists, BSK should soon catch up with its peers.
Extremely bullish pattern for Uranium StocksUranium stocks, hit by a decade long decline of uranium prices, are now strongly reversing like many other commodities.
While one can use Uranium ETFs to get a long exposure, I prefer junior companies (which offer a better risk-return trade-off in my opinion), such as $BSK.
*Disclaimer: I'm long BSK for more than a year
Metals/Energy - BMNIdea for Bannerman Resources:
- A quick technical idea for BMN.
- We are very bullish on uranium.
- See related post on MGA for further fundamental analysis.
- Technically a clear bull flag.
GLHF,
DPT
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