us dumping u, page-26

re: us dumping u short term fix I believe the term is jawboning - used to talk the price of something down to the beneift of some at the expense of others. It is not in anyones best long term interest for the price of uranium to sky rocket to levels which are not justifiable nor sustainable for the long term. Remember that 16 per cent approx of world enegery supply is from nuclear power and that this will increase with time thus demand will continue to increase and thus price will continue to increase although perhaps at a more measured pace. With the demise of cigar Lake in Canada at least for the moment there would naturally have to be concern as to other sources of supply. There are games within games going on - if concerned sell and go buy something else. If you fancy the fundamentals hold and buy on the down swings - remember that you cannot always pick the peaks and troughs and be a winner every day of the week.

As mentioned in apost above this could give every impetus to making Australia get its act together and allow mining and perhaps even greater participation in the nuclear power cycle where they can add real value - econ 101 anyone????

Enjoy the ride long term holders otherwise put your money on at ING