Over the past year I have been asked several times what did the last Uranium Bull Market feel like. I usually point those people to the 20 year chart for UEX. However, for some reason a 20 year chart seems too much like it can't happen again even though the Uranium is still there in the ground unless the groundhogs ate it.
So today, I draw your attention to two gold stock that gained tremendous amounts RECENTLY. Many people are kicking themselves for not getting in while noone else wanted to get in.
This is not meant to be spam. I am not trying to advocated for either of these two companies. I merely want provide readers with a couple of more current meteoric rides that many people missed out on. The first one is AZM which I mentioned the other day. It rose from $0.50 to $1.50 in JUST ONE DAY and still sits at that level less a few cents.
For the second CURRENT EXAMPLE, I provide a link to a VRIC interview with the CEO of Great Bear. The rise of Great Bear has been going on for the past year. Listen to the DEO describe how his company's price rose as he was raising money.
With Uranium it will be the SPOT Price (what I like to call the FAKE uranium PRICE) that will drive the Uranium shares upward.
Where do you think the price of Long Term Uranium is headed? How fast do you think the SPOT price will rise when operators realize that the primary and secondary supplies are insufficient to keep their Nuclear Power plants going?
If I sound like a broken record it is because EVERONE that understands the Uranium market is saying the same thing in one form or another. The problem has been that too few people get it at this point. Those are the ones who will notice only once the Wayne Gretzky autographed hockey stick gets thrown onto the ice and everyong jumps onto the rink at the same time to get it. Check the AZM chart this past month to see what a Hockey Stick looks like. Hopefully, this will answer that question that I heard so much in the past year. What did it feel like?
On page 10 of the Nov 6, 2019 Corporate presentation, The last bullet reads, it is 2004 all over again. Hopefully soon, it will start to feel like groundhog day.