BMN 0.83% $2.39 bannerman energy ltd

like trying hold back the tide, page-70

  1. 12,454 Posts.
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    Dell

    Here is the site I use for uranium news ... they have the figures at the bottom of the page:

    http://www.uraniumminer.net/market_price.htm

    Toph's link is a little more up to date.

    Another question asked by someone was why the spot price has fallen?

    This is due to the financial crisis, and world debt problem ... it is NOT due to the fundamentals of uranium, uraniu production, and uranium supply.

    Funds, & other buyers of physical uranium at spot, are in a pickle financialy, many have bought on borrowed funds, and/or have suffered other losses that they need cash for. Hence there has been a dumping of physical uranium on the spot market, and buyers have been able to name their price, ultimatley lowering the spot price.

    Once this balances, it will actually accentuate the shortage, and the shoe will be on the other foot, and sellers will be able to determine the price.

    So the uranium sector will ebb & flow with this gyration. But for those who will be producing in a few years time ... the future looks very good
 
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$2.39
Change
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$2.43 $2.48 $2.34 $1.453M 608.3K

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2 20090 $2.37
 

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Price($) Vol. No.
$2.40 3200 1
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