moving forward, page-70

Col,

I found this onthe BLR thread. Very interesting read. May be the reason for spot price being down. (Thanks Grant)



Lehman Brothers, makes big Uranium sale !

So just how significant is this sale ?

To put it in perspective, the amount represents 12% of the uranium produced within the U.S. in 2010.

Among the items recently liquidated was 450,000 pounds of Uranium, which was acquired as part of a commodities contract.

It was sold at prices ranging from US$51 to US$65 per pound, according to Versant Partners analyst Rob Chang.

Uranium prices fell US60¢ to US$50.15 in the week ending Monday, July 16, 2012, according to Ux Consulting.


Lehman Brothers, Makes Big 450,000 Lbs Uranium Sale !


http://business.financialpost.com/2012/07/19/lehman-makes-big-uranium-sale/

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FWIW. it is only 0.86% of the total 2010 U needs for the USA (USA require 52,000,000 lbs)...significant or not??

It did suppress the spot market price however.


M