Have a look at this article: http://www.bloomberg.com/news/artic...-wind-down-uranium-unit-after-failing-to-sell
GS are trying to get rid of about 6Mlb of yellowcake. It will take them some time to do it. Remember what I said about transparency in the market. It's this kind of stuff that makes me suspicious; "Goldman Sachs said no conflict of interest arises from Nufcor’s trading or its other commodity trading." Yeah sure, I'll believe them. Why would they want to push the spot price around?
From memory, Macquarie bought a similar unit from Deutsche Bank last year.
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