NOT REALLY. She makes less than a buck a share; AND has massive CAPEX committments to bring new production on line. She also operates her mines in politically "difficult" areas (and geologically unstable areas too.) At this point you are paying for the bright future of uranium. Now we have a situation where Japan - the world's biggest consumer of URANIUM - is going to slow down its use (and lose a power plant too.)AND everybody else is putting theie URANIUM power plans on hold (especially SWITZERLAND.) If uranium goes on a back burner for the next 5 years; the Price could drop 80 %+ (back to where it was a year or so ago. AND THAT WOULD BE THE END OF UUU.
I see Germany is planning to take her nuclear reactors offline. South Africa is talking about revising her nuclear plans (in favour of clean coal stations.) With all of this going on I wouldn't be buying UUU. It can run without me if it must. Anyway 2 years ago this thing was R6 and 9 months ago it was R14 (and it had way fewer shares in issue so really R4 and R10)
Germany may be planning to take her reactors offline, how many other reactors are actually built elsewhere? Nuclear energy is safe, saves a lot of money, just a low probability event as it happened in Japan makes a lot of noise. With minimal amount of human losses and this even will be forgotten in 2 years time.
I really don't care. All that matters is sentiment. Anyway - as an investment this company is rubbish due to the risk - it is a speculative position (which may make a fortune - who knows.) It proves this by falling from R450 (R140 ADJUSTED FOR DILUTION) TO R4 (R6 ADJUSTED FOR DILUTION) I have been doing this for 20 years and I have given up on companies that "think they can" - I took positions in AGL / BIL / ARI in yesterday's pullback.