I bought some shares of UEC for $1.71. This is not a full position. It is just a couple percent of my account.
I consider this a leveraged addition to my CCJ position. That CCJ position is quite large, banking on a recovery in uranium. I wanted to add some more, but diversify a little, with the potential for a big payoff.
UEC recently secured a finance deal and have done very well bringing operations on line. They’re exceptionally small, and I cannot condone buying them in size. Small fluctuations could snuff them out.
However, I am a believer in uranium. Forces around the globe are converging. My main play is CCJ, but if pricing recovers, UEC will skyrocket in ways CCJ could only dream of.
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Update: here’s UEC’s capital spending on projects. Look at all the projects they’ve brought online in just a few years. There are good things coming down the pipeline.
Still really nervous on urainium.If the proposed molten salt storage systems work out and they do sound feasable
no need for nukes.
cheers
Of course there is. Unless that technology was just Earth shatteringly revolutionary, no new technology has a prayer of completely rendering other methods of power generation irrelevant.
Molten salt storage sounds like a gigantic battery. But even in a perfect world where you can convert over half of the electricity needs to stored energy from solar or wind, it’s still impractical not to have a stable base load. Nuclear is perfect for that job.
Besides, how many decades would it take for us to convert the US grid to a solar/wind combo with energy storage? At these prices, just winding down the existing infrastructure should be wildly profitable.
I’ve owned a small stake in $UEC for some time now, buying chunks on dips. Now that financing deal is done they are already underway in drilling in Texas. The risk/reward at these prices seems enticing.
Ok. We can agree there is a need for a
stable base load and nukes currently do
that. Half of all new energy in the U.S.A. currently is renewable. You need growth
and /or sentiment to get a higher share
price.I just don’see that with nukes.
Cheers
I’m banking on uranium cost growth. And currently, at least for CCJ, they’re planning on increasing production by 70% over the next decade. I’m inclined to think the company has done its homework if it thinks there’s demand for that production.
I knew if I pushed I would get a fine
response.Thanks Mr Thaler,Your fundies
are the best
cheers