Yep and they’ve filled their books at presumedly their expected production levels, IE little wiggle room.
Utilities are also ‘flexing up’ meaning taking advantage of legacy contracts to purchase more at those pre established lower prices.
ALL of that has actually placed a noose around Cameco. I may be exaggerating. Perhaps they’re playing a different game of trying to make larger amounts at current prices by not fulfilling existing contracts or there’s other games being played.
Either way the main idea of supply shortage is what the main story is across the sector. That 100% isn’t being solved anytime soon.
Price target, page-70
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Last
$4.14 |
Change
0.060(1.47%) |
Mkt cap ! $1.693B | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.28 | $4.13 | $22.11M | 5.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10728 | $4.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.14 | 3600 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$4.14 |
Change
0.060 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| $4.20 | $4.28 | $4.13 | 952806 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BOE (ASX) Chart |