Dorian Prosdocimi
March 24, 2013
Dorian Prosdocimi @ Prosdocimi Ltd
CEO of Prosdocimi Ltd

UEC: Bringing a Gun to a Knife Fight

Uranium Energy Corp (UEC) is a Texas based Uranium low cost producer. Post Fukushima the company has made major advances on production and the acquisition of opportunistic assets. Sentiment has been dire for over two years but I believe the turning point is close for 3 reasons... 1) the company is on track to becoming cash-flow positive within the next few quarters for the first time in its history. 2) At the end of this year the Highly Enriched Uranium (HEU) Accord expires, this will eliminate 15% of global supply at a time when a lot of uranium projects are being suspended due to weak spot prices. 3) Prime Minister Abe in Japan expected to switch Nuclear Reactors back on. Stock heavily shorted at 12 mln shares. Buy stock below $2.25. Target $5 in 18-24 months.
More from Dorian Prosdocimi