Uranium
Getting in the Uranium marketBought shares at 0,20 € via Bank directly.
Was a pleasure being copied in advance.
Cameco CCJstill correcting and expecting the ~9 to ~8 range. Could be a bottom in the 3rd wave and seeing 4th wave now. More bullish over ~10.5
#DYL $DYL MARCO VIEW #URANIUMDYL , Big hammer on weekly in previous supply zone.rejected 50W MA.. Broke-Backtested-Rejected ascending triangle support.
Possible demand zone and reversal area indicated on the chart, watch for RSI support on this pullback.
CCJ updateNot going down towards target in an ideal manner. Could mean a deeper target or a triangle situation.
$ENCUF enCore Energy Corp.15/09/20/ enCore Energy $EU $ENCUF Applauds the Announcement by the U.S. Department of Commerce on an Amendment to the Russian Suspension Agreement
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Uranium Investor
Twitter: @uraniuminvest
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5 dec. 2019
Why enCore Energy Corp. $EU, $ENCUF is the opportunity with the most asymmetric risk / reward I've seen?
Thread
1. Sector: The intrinsic structure of the uranium sector makes it ultra-cyclical. In the previous cycle the price of the mineral multiplied by more than 10x and the companies multiplied by more than 20x and some by more than 50-100x. Ie. $PDN $CCJ $UUUU $DML
2. Offer/ Demand situation: The current uranium prices doesn't encourage the existence of an offer that covers existing and growing demand, so prices should increase at least 2 to 3 times.
3. Management: Bill Sheriff and Dennis Stover, two of the world's leading uranium experts, head a management previously led Energy Metals Corp. from a $ 1.7 million market capitalization to a $ 1.8 billion market cap in 30 months, before being acquired by Uranium One Inc.
4. Assets: The company has assets in Utah, New Mexico and Arizona. Utah assets will allow them to create quick cash flow to open the rest of the mines. AZ's assets are the Breccia Pipes, one of the world's largest uranium deposits to develop.
5. Cash Burn Ratio: Average cash burn of the last 8 quarters is 140k CAD / Q = 560k CAD / year. Given that its current market cap is 20M CAD, the Cash Burn Ratio / Market Cap is 2.8%. The sector average >15%. Here it influences that enCore management does not receive salaries.
6. Shareholders: Management has 10% of the company, and has other important shareholders: Sachem Cove Special Opportunities Fund, L2 International Opportunities Fund, Energy Fuels Inc., NZ Uranium, Pat DiCapo, PowerOne.
7. Price: The company is currently trading for less than 20M CAD, with what seems difficult to lose money (low risk) and the potential is huge (great reward). (not to date)
Disclosure: I'm long $UE, $ENCUF.
CCJ wave CLooking more likely now that we are correcting to my ~8 to ~9 target. Expecting a corrective bump up and continue down
Close to a very powerful breakoutLooks like the last chance for a deal on this uranium stock on the ASX
Cameco poised for a multi-year bull moveAnother stock which I invested in related to uranium growing demand for green energy.
FCUUF longBroken diagonal, horizontal resistance still in play. FCUUF has been strong will likely see follow-through.
CCJ Cameco Corrective MoveDon't like the move off the low. Expecting a higher B move and more correction right now
Wstrf longUranium, the chart. All pointing up as long as the overall market doesn’t drop like a rock
Inverse head and shoulders?I know it looks ugly but a possible inverse head and shoulders forming hair which is foolish scenario possibly for Dennison. Fundamentally uranium is supposed to go on a bull run because of the shortage from Cameco and Kazataprom, Sprott owns a nice amount of shares. Sooooo......
Cameco large correctionHad to change my expectations significantly with the correction. Expecting an A wave soon.
this is going to at least $1000Se BLY.ax for a preview of what major Drilling will do. major is the biggest cat in town this time, Boart Longyear out of the picture.
