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Rick Rule: Easy Uranium Money Has Been Made, How to Position Today

by admin November 9, 2023
November 9, 2023
Rick Rule: Easy Uranium Money Has Been Made, How to Position Today

At the New Orleans Investment Conference, Rick Rule of Rule Investment Media discussed sentiment among the juniors, his outlook for the US economy and how global conflicts are affecting sectors like gold and oil.

He also weighed in on uranium, saying that while the ‘easy money,’ is off the table, the sector has gained considerable structural strength in the last 18 months. In his view, it’s now time for the ‘real money’ to be made.

‘Right now you have to focus on real companies doing real things. Companies like NexGen Energy (TSX:NXE,NYSE:NXE) and Fission Uranium (TSX:FCU,OTCQX:FCUUF) that will be taken over. Companies like Boss Energy (ASX:BOE,OTCQX:BQSSF) that are in production and will enjoy much higher prices than their feasibility studies suggested they would enjoy,’ Rule said on the sidelines of the event. ‘Legitimate companies that don’t enjoy share price escalation will be taken over by companies that have a lower cost of capital. After that real money has been made, we’ll go into the big money, which is the speculative blow off that we saw in the 2008 to 2010 timeframe.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

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