Becoming a leading uranium producer in the United States
Taking deposits into production in New Mexico and Wyoming
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Long time .... any long time investors here ? Cup w handle ?

Chivo-rock
Rank: [?]
President
Points: [?]
2160
Rating: [?]
Votes: 25 Score: 4.0
  • Currently 4.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Re: Long time .... any long time investors here ? Cup w handle ?

posted on Aug 10, 09 02:13PM

euro - Yes, I've owned STM.v since 2006. On the fundamental side, I don't see anything that has changed much in the big picture as far as long-term supply and demand goes. If anything, it seems like there are more countries every week that are announcing their plans to introduce or increase nuclear power usage. On the supply side, there are still severe constraints including everything from permitting to financing and market conditions. Look at Energy Fuels. They have a fully-permitted mine in Colorado but can't get a milling deal done with Denison so it is just sitting there in the meantime. Maybe some more uranium will be coming out of the warheads to watts program but not sure of the quantity and timing on that.

I see the spot price is up this week to 48.50.

On the technical side, I don't see a C&H on the chart. The stock is in a sideways consolidation, digesting the move from 0.205 to 0.82. The 100 day EMA has been providing good support during this period and has been tested at least a dozen times. Price has dropped through the 100 a couple of times but not by much and mostly intraday. The 10, 30 and 50 EMAs are all within a penny (0.51-0.52) of each other so it seems like a move one way or the other is due. Hopefully up.

News has been mostly non-existent but I suspect that they are continuing to move forward with permitting activities in Wyoming and New Mexico. A long process but one that can't be avoided.

tsl

New Message

Please login to post a reply

AGORACOM Quick Tips

Bullish On China? AGORACOM Launches ChinaSecurities.com ... Check It Out

President's D.D.

New feature: Hub Presidents can add important links here.

Hub Leaders