Thanks, Pablo. I agree in full with your assessment. The whole industry has seen a few of these which really put a dent on the development/ expansion of the technology.
Enjoy Dubai, fun place this time of the year. Did spend NYE 2019-2020 there, good times!
Glad you covered this space. The student managed investment fund I am the faculty advisor for (West Virginia University) has a significant portfolio allocation to URA. I’ve encouraged patience with the position.
Patience seems the name of the game on this one. Things are moving in this direction and we'll likely see a secular bull around this trend.
Also, I think there's quite a bit of value for starting investors in really looking at the different ways to invest in these trends and understand the differences across miners and the projects.
Great investment thesis summary, thanks John!
Supply and demand very positive, as you state.
In my view the main risk to the investment thesis is a (low probability but high impact) accident in a nuclear power plant, be it by
1. natural disaster a la Fukushima (very unlikely as we've been warned),
2. human error a la Chernobyl or Three-Mile Island (unlikely but always a possibility when people are involved) or
3. deliberate attack by war or terrorism (not happened yet, and hence might catch us by surprise).
Let's hope for the best!
Cheers from Dubai,
P
Thanks, Pablo. I agree in full with your assessment. The whole industry has seen a few of these which really put a dent on the development/ expansion of the technology.
Enjoy Dubai, fun place this time of the year. Did spend NYE 2019-2020 there, good times!
Glad you covered this space. The student managed investment fund I am the faculty advisor for (West Virginia University) has a significant portfolio allocation to URA. I’ve encouraged patience with the position.
Patience seems the name of the game on this one. Things are moving in this direction and we'll likely see a secular bull around this trend.
Also, I think there's quite a bit of value for starting investors in really looking at the different ways to invest in these trends and understand the differences across miners and the projects.
I guess I should also note I have a position myself. Although in URNM.
Great piece! I'm also long...
I'm glad, Paul! You know what they say about great minds.