if u do
wait till it consolidates.
this is not a short term holding stock unless u actively monitor and trade it.
holding one core position only.
have not read the report yet and i am not in a hurry either.
if it was negative i expected it that way no matter what.
the main catalyst has not come forward yet.
After doing some analysis, I don't think the result is that bad.
There is a one time impairment charge related to Kintyre exploration project in Australia.
They got the property in 2008, and they can sell it at 168 million loss.
I wonder how much they actually paid for it. If the uranium price stays this low, more impairment charges will be recognized in later quarters from this project and others.
Aside from that, Q4 wasn't that bad. But the statements given in the statements are very discouraging.
Expect bad results in Q1 of 2013 they said.
101
expect the industry to remain in the tank for awhile.
the catalyst of all that has yet to show its face.
in the mean time if ur not comfortable holding it then trade something else.
it may take awhile.
cheers.
I agree - if you want to play the uranium renaissance you need some patience. You have to wait for the end of the nuclear arms treaty to end and for all the new nuclear reactors to start to come online. Then you're going to see a massive shortage. Meanwhile Cameco will have brought their second major mine online and will also be benefitting from a huge spike in Uranium prices.
I actually don't mind the low prices for now. I hope it allows them to scoop up some more good properties at low prices from Juniors who can't stay afloat in the current challenging financing environment.
Not much of a sell off as I have predicted, only 3%.
selloff on volume.Originally Posted by Uranium101
hard to say where exactly the low will be but a retest of 19 bux will happen.
main reason is a mkt retracement.
long term i would not be so worried.
buy on dips.
cheers
p.s
i want to share with all of ya also that there are some rumors of scaling down certain old nukes in the states and replacing them with NG fired generators.
now do not start panicking and believing that that is it for nuke power.
this is solely an American phenomenon and it will not happen from day to night.
as u can see Ng is an interesting catalyst in the American mkt is it not?
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