Australian (ASX) Stock Market Forum

Uranium stocks

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Was commented on elsewhere,seems reasonable that they are on the lookout for projects because of Cigar Lake but why buy something that cant be mined.Wonder if theres something to be taken form this,maybe even though WA say no there is going to be a change in stance.Would have thought if they were buying in Oz that they would at least buy in NT or SA.Rumours still going around that they are looking to takeover Paladin and apparently neother party have denied the rumours.
 
Yep, theres several explorer/miners with alot of big volume accumulation on the monthly charts that began end of 2020

Do the financials matter that much of these miners/explorers if theres a boom coming?
 
Kris84 said:
Yep, theres several explorer/miners with alot of big volume accumulation on the monthly charts that began end of 2020

Do the financials matter that much of these miners/explorers if theres a boom coming?
Click to expand...
In a boom time there is fresh capital that can be tapped into via capital raisings. It's a lot tougher during busts and I remember a few Uranium specs went bankrupt as they couldn't raise capital during the lengthy bust that has lasted for the last decade.
 
Seems like uranium stocks have tripled the past few months and I might have missed the short term boat. But, been listening to Rick Rule who thinks that while the explorers/juniors are currently overpriced that longer term POU is going to double. So, maybe there's still some value going forward once the heat comes off? Two of Ricks top picks are BOE and DYL of interest to ASX investors. Both finding support on a little retreat. Watching for entry.

Screen Shot 2021-06-16 at 2.44.59 pm.png

Screen Shot 2021-06-16 at 2.44.15 pm.png
 
The POU has to double (to ~$60/lb) before it's going to excite the market and make it worthwhile to develop many projects. If the price does sneak higher it'll create a few rallies that we can use to grab some profit.
 
And, it's continuing. Most of these are now going back to the May highs in just the past week or so. Maybe going too crazy.

Theory is that the SPUT has been the major driver with squeezing these things up.

Screen Shot 2021-09-02 at 2.11.41 pm.png
 
What a week for uranium stocks. SPROTT has really light a fire under uranium.

I find that "V" reversals the hardest to trade and all these U308 stocks have made a V reversal off their lows.
Good job there, @kennas for finding the demand in the early stages.
 
peter2 said:
What a week for uranium stocks. SPROTT has really light a fire under uranium.

I find that "V" reversals the hardest to trade and all these U308 stocks have made a V reversal off their lows.
Good job there, @kennas for finding the demand in the early stages.
Click to expand...
I haven't got on board any U stocks either, V reversal straight up !
 
My watch list all gapped up again this morning, but has since come back a bit. Might be time these things took a breather as it's just not healthy to double in a week or so. I'd feel much more comfortable with consolidation, thanks. Although, I'm not short term trading this, I started with a 5 year horizon so I should just stop watching...
 
So, once all the profit takers do their thing, what are they rotating into?
Perhaps something in high demand now, as opposed to uranium which may be seen as a fear vehicle.
A proper state of fomo in uranium gappening.?
 

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