Aseahawkfan wrote:I'll take a look at it. I don't mess much with penny stocks. They're usually penny stocks for a reason. I much prefer established growth stocks.
Looks like a total garbage company. If you think there is some kind of momentum or turnaround play, then use some gambling money on it. I wouldn't bet the farm on it.
Mining is a highly commoditized industry with no barriers to entry. If your mine runs out, you have to buy new land and hope to find new minerals. I don't love mining companies. Capital intensive, limited moat by nature, and commoditized.
EmeraldBullet wrote:They arent mining right now which is why its so low. They are expected to resume mining this spring with their low ph extraction operation in wyoming (lance project). They have around 57M lbs of uranium to mine and already have a contract to sell it.
EmeraldBullet wrote:Thanks for all the advice guys. ASF, uranium is only selling for around $30 a lb right now but the contract Peninsula has is selling it for $50.
Are there any stocks youd advice me looking into? Im just getting into it, only have around $400 invested right now (not including my work 401k). I am mostly interested in growth stocks as well and generally targeting them in the price range of $5-50. Thanks for your help.
EmeraldBullet wrote:Just got ny tax return money today, so think im gonna take a risk and put 1k into it. Wish me luck.
EmeraldBullet wrote:Just an update. My portfolio is now up to $4k invested in a dozen or so stocks. Overall im down about 15% which isnt really too bad considering the way the market is right now. Most of my investments are growth stocks and man you really have to have patience for these to pay off. I think some of my investments will be really good in the next 5 years tho (global e-online, luminar, etc). I also have a couple dividend stocks which is what id like to be fully invested in once I have more capital. My goal is to be able to retire in 30 years living off of the dividend payments. Any advice or criticism is welcome, thanks guys.
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