I'm ignoring all the noise , Maybe this wasn't the best move , devils in the detail and we don't know any details so I'm happy to focus on the absolutes
Uranium demand supply graph is swinging towards the LONGs and will continue to do so as more reactors come on line and more juniors have gone under as well as the likes of Cameco cutting production . Contract pricing is designed for when prices are high and a large majority of contracts are up so demand will come for the spot. It's a matter of time and we are at the bottom.
The U308 price will move very hard before Christmas or shortly after ($40 min) , PDN will have a T/O offer before Christmas and the shorters will get stopped out on open and I'll be popping the MOet when they do
My 2 cents
Alexander the (not-so) Great, page-11
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Last
$11.77 |
Change
0.220(1.90%) |
Mkt cap ! $3.520B | |||
| Open | High | Low | Value | Volume |
| $11.40 | $11.78 | $11.39 | $24.55M | 2.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4694 | $11.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.78 | 4519 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |