A lot depends on uranium sentiment in terms of PDN and uranium miners outlook.
So far we have had a 25% recovery only from the sub $20 lows of late 2016.
Most mines are based on LT supply contracts sitting well above spot. We depend on spot and we need another 25% for LHM mine to be viable. We need 150% increase from here for Malawi mining to restart.
When are LT contracts being re-negotiated - I read previously that many are this year? The LT contract price will give direction to spot.
2 things can improve sentiment and spot price. Lots of shiny new reactors coming on line and put into the pipeline or producers going out of business / reducing production. All about supply and demand.
Flight or Fiction, page-4
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B | |||
| Open | High | Low | Value | Volume |
| $11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39237 | $11.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.75 | 307 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |