Replies to post #35658 on Value Microcaps Junior Miners

[yielddude]

Good stuff Bobwins. Thank you.

[gold80302]

Been buying uranium equities for over a year. Own $DNN $MGAFF $FCUUF $FDCFF $ANLDF and $PENMF. All up except $FDCFF. Big gains in $DNN and $MGAFF. Haven't sold any. The shortage of uranium is real and should last for years.

[Bobwins]

UROY, URNM, CCJ, LEU, URNJ

Uranium stocks all up big today due to Kazataprom earning report and guidance. They affirmed their recent PR that said 2024 production will be similar to 2023 versus their previous guidance of a BIG increase in production. Apparently they can't get enough sulfuric acid to increase production. I watched a video from Justin Huhn, Uranium Insider. He announced several months ago that he was skeptical of any increased production. His logic made a lot of sense. Said Kazataprom is operating ISR wells. They have to drill lots of wells to maintain production, much less massively increase. They have not been showing capex increasing. It takes a long time for them to drill more wells that will have flush production for a few months to increase production. This lack of increased capex foretold that 2024 would not show increased production.

So this affirmation of no big increase in production in 2024 plus Cameco also reporting trouble hitting production targets means the two big players in U production are not going to increase production in the near term.

Very bullish for U stocks. Could be a multi year bull run versus the big spike and drop in the last couple of runups. At some point greed will cause an over reaction and it will be time to take profits but that seems over the horizon now.