Destinator
6年前
Can someone please please please explain to me why Barrick Gold is the #7 top holding of what is supposed to be a Uranium/Nuclear ETF?
21.99 CAMECO CORP 11.79 5,795,632 68,302,379.09
8.20 NEXGEN ENERGY LTD 2.09 12,221,898 25,483,446.76
6.86 URANIUM PARTICIPATION COR 3.62 5,884,563 21,294,142.76
4.52 MITSUBISHI HEAVY INDUSTRI 37.93 370,030 14,034,328.83
4.42 HYUNDAI ENGINEERING & CON 45.97 298,808 13,736,777.71
4.25 ITOCHU CORP 17.87 738,970 13,203,676.67
3.93 BARRICK GOLD CORP 13.03 935,830 12,193,864.90
3.92 MACQUARIE GROUP LTD 82.08 148,153 12,160,749.62
3.90 GS ENGINEERING & CONSTRUC 35.25 343,782 12,119,689.62
3.89 DAEWOO ENGINEERING & CONS 4.18 2,887,228 12,071,142.35
Destinator
6年前
Can someone please please please explain to me why Barrick Gold is the #7 top holding of what is supposed to be a Uranium/Nuclear ETF?
21.99 CAMECO CORP 11.79 5,795,632 68,302,379.09
8.20 NEXGEN ENERGY LTD 2.09 12,221,898 25,483,446.76
6.86 URANIUM PARTICIPATION COR 3.62 5,884,563 21,294,142.76
4.52 MITSUBISHI HEAVY INDUSTRI 37.93 370,030 14,034,328.83
4.42 HYUNDAI ENGINEERING & CON 45.97 298,808 13,736,777.71
4.25 ITOCHU CORP 17.87 738,970 13,203,676.67
3.93 BARRICK GOLD CORP 13.03 935,830 12,193,864.90
3.92 MACQUARIE GROUP LTD 82.08 148,153 12,160,749.62
3.90 GS ENGINEERING & CONSTRUC 35.25 343,782 12,119,689.62
3.89 DAEWOO ENGINEERING & CONS 4.18 2,887,228 12,071,142.35
alibongo888
6年前
Those type of gains are nothing in comparison to the potential gains that UEX are going to embark upon. It's a compelling and growing story which is flying totally under the radar of the main stream Investment Community WHY UEX?
UEX Location
Athabaska Basin - Saskatchewan Canada
UEX's Christie Lake 20% Uranium holes lie directly between Cameco's largest Mines
Cameco's McArthur River UEX Christie Lake 20% U308 holes Cameco's Cigar Lake
That's very important
TWO Mints in ONE
Uranium - High Grade 86 Million Lbs soon to exceed 100 Million Lbs that is 43-101 compliant
Cobalt - High Grade 'Open Pit' amenable with > 3 Million Lbs that is 43-101 compliant
EV REVOLUTION WILL BRING UNPRECEDENTED DEMAND FOR COBALT
Updates on lbs are due and it's like buying property, it's all about the; Location, location, location
The reality is that all of us contrarian investors are able to buy this great stock at a discount to where it should be trading and before long will be trading.
Potentially this is a Retirement Stock. Last Bull Market UEX done over 15,000% ROI over 4 years.
If that's repeated even a modest investment could be life changing.
The reality is UEX is really undiscovered in the mainstream investment community and that is its greatest gift to you right now and one that will pay you big money. ROI.
As the next bull run emerges and U juniors like UEX come onto the investment radar of the masses exponential gains will follow, so enjoy this life changing opportunity as the window is closing.
Just my thoughts. Enjoy the ride. It's not every day you discover a hidden gem.
Destinator
6年前
I was surprised to actually see URA climb back up early. If you follow the Uranium Market, you might want to check out quakes99 Twitter. The Uranium industry has woken up this year. Many conferences, and new funds are being set up. Frankly I like the individual Uranium Stocks but URA's rebalancing has really put the brakes on them until now. The new Uranium Only funds being discussed/planned could take investors away from URA which is why I thought its share price would fall to the targets you mentioned in your earlier posts.
However, the spot price of Uranium keeps increasing and no Long Term Uranium contracts are being signed by the mining companies as long as the price of Uranium is too low to make a profit. This could be good for URA now that they have sold off most of the mining stocks that they had to for the purpose of rebalancing but they would have likely done better had they held onto all of their Mining stocks. Once the Spot Price rises to a certain point, the Nuclear Plant Operators are going to react and start buying up Long Term Contracts at whatever price the Miners ask. That is why the Uranium Mining companies and URA are expected to really take off.
I'm just a bit surprised how inactive the USA boards are on the Uranium front which is why I reached out. It seems that there is little to no intrest other than that shown by you.
The Uranium story is really building all around the world and the last time this happened, investors made 10X 20X and even 50X their money on Uranium Mining stocks in just a year or two. As an example, UEX went from $.07 CDN to over $9.00 CDN. It is now back at $0.20 CDN and has more Uranium than before. Yes UEX now has more shares but it also has some of the world's highest grade Cobalt which is expected to be spun out into a seperate listing but only few are paying attention.
Americans are highly dependant on Uranium and they really would be well advised to start paying attention to this evolving story. I'm not sure how to get it out there other than what quakes99 on Twitter is doing and what I do on these boards here. As you probably know, once these stories get out, stocks take off like rockets and don't look back for several years.
I can't imagine why URA decided to reduce their Mining Stock holdings a this important time in Uranium's life cycle. In any case, if you are American, you are ahead of the game.