Great content as usual. Uranium will require patience, consolidating sideways after long run (and even lower up to 50% if general market drop) My strategy is to hold with long term outlook >3 years. Need to have some positioning as can rip before you get confirmation to position. Keeping cash to take advantage of drop, if any.
I remember when I was highly convicted of uranium. Around 2020 onwards I started adding. Was adding heavily in 2022/2023. I believe at one point URNM was Bens biggest position back in the etoro days. I've sold out a lot of it now. I don't think it's a contra play. It's no longer a 'when, not if' play. It's def not investment to buy something hoping for a moonshot squeeze. Spot is at 80ish, probably going to >100. Maybe >200 in a squeeze. But there's no way to tell. It's simply not the same R/R it was at 20. I now have only small positions in lotus, bannerman & forsys. Why take the risk when you can buy pm miners.
You´re absolutely right. But like Justin said, only contracted 31 million pounds so far for this year. Replacement rate would start at around 180 million pounds and on the other hand no one actually knows what kazatomprom is going to offer us in august. If there is a shortage in production like most experts expect that can cause trouble in the market. There are some question marks left, like smrs and data centers. I´m pretty sure that if the smr projects move forward and getting built on budget/time there cant be a realistic forecast for the additionally demand. I expect an increasing sustainably uranium and lt price, but there are definitely scenarios where in the meantime a squeeze can happen
Tech Analysis see it Uranium could fall under 64$, we are in a technical down trend. That could mean a bloodbath. What is your opinion according to the chart?
Great content as usual.
Uranium will require patience, consolidating sideways after long run (and even lower up to 50% if general market drop)
My strategy is to hold with long term outlook >3 years. Need to have some positioning as can rip before you get confirmation to position. Keeping cash to take advantage of drop, if any.
Thank you
Hey Mav, great timing, keep it up.
Uranium is my biggest conviction, lovin the latest pull back.
DYL Deep Yellow, John Borshoff is my homie.
Thank you
I allways enjoy Justins steady well informed input into this U journey - Thank You
Thank you
Bought Lotus and Bannerman in the last week. Australia is too busy with Melbourne Tram fines and real estate prices to even notice.
Shhhh !
haha not to mention port phillip shire council pirates
I remember when I was highly convicted of uranium. Around 2020 onwards I started adding. Was adding heavily in 2022/2023. I believe at one point URNM was Bens biggest position back in the etoro days. I've sold out a lot of it now. I don't think it's a contra play. It's no longer a 'when, not if' play.
It's def not investment to buy something hoping for a moonshot squeeze. Spot is at 80ish, probably going to >100. Maybe >200 in a squeeze. But there's no way to tell. It's simply not the same R/R it was at 20.
I now have only small positions in lotus, bannerman & forsys. Why take the risk when you can buy pm miners.
Perfect take.
You´re absolutely right. But like Justin said, only contracted 31 million pounds so far for this year. Replacement rate would start at around 180 million pounds and on the other hand no one actually knows what kazatomprom is going to offer us in august. If there is a shortage in production like most experts expect that can cause trouble in the market. There are some question marks left, like smrs and data centers. I´m pretty sure that if the smr projects move forward and getting built on budget/time there cant be a realistic forecast for the additionally demand. I expect an increasing sustainably uranium and lt price, but there are definitely scenarios where in the meantime a squeeze can happen
Good luck jumping back in when the real move starts
@@BrazilianSwedSamurai 🤣 thx for the fomo comment.
Tech Analysis see it Uranium could fall under 64$, we are in a technical down trend. That could mean a bloodbath. What is your opinion according to the chart?
no idea, nor do I really care tbh. I have almost no exposure there right now. If spot dropped to $64 I might buy some SPUT again.