James Dines is bullish uranium again, page-27

S232 was lodged under national security, recommendations would seek to protect uranium mining within the US. Having said that, Cameco position is uncertain within any Trump outcome,, the company fulfilling long term utilities contracts with spot uranium, inturn the company also locking in long term spot contracts from the spot market,, as well as immediate U spot delivery to keep their inventory at borderline levels. Any US outcome will possibly impede Cameco from buying direct of Kazakhstan that indirectly ends up in the US,, Kazakhstan puts all U product directly into the spot market.  Kazatomprom now has started to change policy since IPO listing,, however majority of their supply goes direct to China. The consensus seems to be Cameco will ramp up their US holdings to regain a footing within the US uranium market,, there already is a license in place that allows U deliveries to US utilities from Cameco however that could be jeopardized and amended with regards to the outcome of S232! Interesting,,could we possibly see a rise in spot Uranium with Namibia Husab mine ceasing temporary production, Alex Molyneux states 6.5 mlbs, nearly all of that shipped to China, at a cost of $60 US lb, to many moving parts, historic U prices rise and fall on black swan events. Tim Gitzel knows true supply of world uranium inventories, he has to play a careful chess game, otherwise he could check mate himself!!  ;-)