You know the name! You probably dont wanna touch it with a ten foot pole.... I do. Macro Pro Megatonnes to megawatts program ending this year Supply is not keeping up with demand Low prices are keeping new projects from coming online Micro Pro Average sale price for their uranium is $42 per pound They have contracts locked in which ensure cash flow positive situation from mines. They are reducing costs to improve the economics Looking for new buyer for minority stake in LH Micro Con The debt - They have $300m due to pay in 2015 (2 years away) Technical Hammer candlestick at the bottom (0.39) - if it holds it could be a major reversal Divergences on the Slow Stoch and the MACD Note: Ive been pretty wrong in the past (I still maintain I was right with LNC but the announcement killed it) - im learning just calling it to everyone's attention
It's an enigma wrapped up in a conundrum sheathed in a quizzical query for sure... But then again as one who invested in Lynas I can tell you that the strange5t of strange 5hit happens least when you expect it, when all possible boxes are ticked, bases covered and pigs still live firmly on the ground...
There is the spot price of uranium and the term price The spot price is for people who want uranium now - a one off buy (Iran for example) - fesability studies use this price also. The term price is like a premium for secure supply from producers - the greater the premium for secure supply the more the bullish divergence. Like anything negative in the markets - they always last longer than what you want but shorter than you expected
Here's another view. Total assets $1,837m. Total liabilities $1,189m. Total interest bearing debt $677m. Net debt/equity 91%. It's a dog, I wouldn't touch it with Craig Thompson's.
Confirmation of reversal of what? The long term downtrend? Do you mean that you believe the major low is in for the 6+ year downtrend?
Look for a close above 0.47 - to break resistance Ill use David Morgan's tip - three day close above resistance is a more sure Would need to close about 0.545 to establish a first 'higher high' Short term gain targets if your a short term trader - now (if a gain is all thats wanted), 0.465 (+19%) or 0.52 (+33%) (share price at original post 0.39) over 6m shares traded with 777 trades means average parcel cost is about $3700 - so nothing exciting - computer trades are diluting the daily volume statistics (for what thats worth)
Congratulations - those hypothetical people who bought on the re-test of the confirmed hammer and sold at 0.465 would have made their 19% Happy birthday
No break of the downward price channel, its held for a few days, anyone short term trading - should probably make their decision what they wanna do. For those who think im a slave to their wills and opinions, i wont be commenting on this chart anymore. I jus felt it nessesary to do so for these events because some people are completely unreasonable with their critique of me.
