Finally, we are inclined to say, we were able to sell the share of the US uranium producer URANIUM ENERGY at the price target of USD 4. Since the beginning of the year, the stock has literally exploded, which we used to sell last week with a profit of +127.3%. We often made the point that the "green goals" would be difficult to achieve without nuclear power plants. Today, more than ever, it is understood that this inevitably seems to be the fastest, cheapest and easiest way. Recently, even France has been considering expanding its nuclear power capacity. In Switzerland, there are reports of possible blackouts, due to shortages. Something must be done quickly to limit the damage. It is therefore not surprising that the uranium price and with it the uranium shares started to soar. Unfortunately, we had to wait quite a long time for the same. We anticipated the price increase early on. The current environment makes it seem as if there is nowhere to go but up. URANIUM ENERGY was first recommended at the end of 2010, at the equivalent of CHF 2.02 (adjusted after capital increases), which has now (finally) brought us a currency-adjusted (in CHF) profit of +84.2%. The share is to some extent risky and very susceptible to fluctuations. In addition, the weighting in the sample portfolio became too large as a result of the sharp rise in the share price, which also urged us to take action. Electricity generation will always be an issue, see also the BKW report below. The share is not immune to setbacks. URANIUM ENERGY remains on our radar. A re-entry at much cheaper prices is not out of the question! Price target of USD 4 reached, profit realized!
URANIUM ENERGY is listed on the NYSE in New York under the symbol UEC, the security number is 2'388'623, last price approx. USD 4.17.
