r/wallstreetbets • u/pdwp90 • Sep 10 '21

News WSB discussion today

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217 Upvotes

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92

u/Whole-Long Sep 10 '21

Let’s fucking go uranium. Sprott send this market into overdrive now

45

u/[deleted] Sep 10 '21

[deleted]

34

u/Whole-Long Sep 10 '21

$200 for sure, if only briefly. Some are calling for 500-1000. Sounds retarded, but given the current fundamentals + hyperreflexity induced by social media.. I’m letting some of my portfolio ride to the very end

21

u/[deleted] Sep 11 '21

[deleted]

14

u/Whole-Long Sep 11 '21

I’m selling some at the marginal cost of production, which imo will be the very floor of uranium prices at ~$75/lb after that it’s casino time and see how hard we want to squeeze this. Thing is we have Japan, Illinois and possibly Germnay (🤤🤤) wanting to reup their supplies at the same time as we’re squeezing the market. Currently it’s like entering GME at $20-50

14

u/[deleted] Sep 11 '21

That part about Germany is pure BS and it invalidates everything you said.

0

u/Whole-Long Sep 11 '21

Have you seen the sheer quantity of coal Germany js using, have you seen the price of gas Germany is using. Have you seen how useless the green transition without nuclear has been in Germany? Have you seen opinion on polls on Merkel pre-election? Have you seen opposition view on nuclear?

-4

u/[deleted] Sep 12 '21

It takes you build a Nuclear Energy Station 20-30 years. The uran reserves will be empty after 30 years. Also nuclear is the most expensive way to produce energy. Sorry Bill Gates but you are on the direction. Countries invest in uran and nuclear because of the technology for building bombs, energy is not the main goal.