One reason why we know the CSE Composite is either at or near a bottom and has nowhere to go but up is the fact that Radio Fuels Energy Corp (CSE: CAKE) is currently trading for $0.115 per share when as of February 28th it has $0.18 per share in cash (cash, cash equivalents, and short-term investments) and NO debt! CAKE needs to rise by 56.52% just to return to its cash position!
At current market prices, CAKE shareholders are receiving the company's 100% owned Eco Ridge Uranium Project in Ontario for FREE!
Our only problem with CAKE is they have done absolutely nothing to market their stock to new investors since going public a few months ago. CAKE's founders/largest shareholders previously created multiple billion-dollar market cap companies including New Found Gold (TSXV: NFG). Even though we don't like New Found Gold (TSXV: NFG) because we believe it is priced for perfection and we are 100% sure that our Augusta Gold (TSX: G) is going to gain between 10-100X more than NFG over the next 6-12 months, we do believe their team is smart and will make CAKE a success!
At least Traction Uranium (CSE: TRAC) is actually willing to market their stock to new investors, which is why TRAC is our #1 favorite uranium stock.
CAKE is our #2 favorite uranium stock because we consider CAKE to be a 100% sure thing to gain by at least 56.52% and return to its cash position of $0.18 per share within the next few weeks!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from Traction Uranium of US$100,000 cash for a one-year marketing contract. NIA's President has purchased 174,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.