Snapshot, page-72

Accaeric my understanding was that Paladin is selling a lot more than 25% of their U on the spot market. Each year their portion sold at spot continues to grow (unfortunately i've been watching for a while). According to this article http://uraniuminvestingnews.com/186...erm-is-bad-but-the-long-term-looks-great.html there is an oversupply of U now until 2020 which is further on that we thought last year or the year before. This is a result of many things- late Japanese restarts being just one of them.

As such I'm not sure what catalyst there is for a $1 price within 12 months as suggested. I wish it were true as I'm sitting on an average of about $1 and this is the stock I (unfortunately) have the most proportion of my capital invested in. I've got no faith at all that it's going to get better in the medium term, even if reactors start up in the next 6 months. A few restarts will have little impact on the demand/supply ratio but we may benefit (marginally or temporarily) from a change in sentiment.

For the first time I'm finally considering cutting my losses and reinvesting in stock that is likely to rise. Maybe bits at a time. Those of you that got in low might do better. Good luck to all.