Becoming a leading uranium producer in the United States

Taking deposits into production in New Mexico and Wyoming

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

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

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