Uranium price still looking strong: MF Global Mid U308: US$60.75 MF Global Implied Price: US$60.79
These were daily levels of Friday night so suggest spot price will be above US$60 this week. Expect some consolidation around these levels.
Will be interesting following Chinese purchase from Cameco whether long term price moves up as well shortly. All looks strong going into 2011.
Also this week saw first institutional action in BMN for some time with UBS by far the largest trader in BMN, crossing large amounts of stock. Looked an insto to insto trade.
Also TSX trading with good volume suggests on monday BMN should be very strong in a flat market. Let's see if TSX buying reflected on ASX.
BMN Price at posting:
62.0¢ Sentiment: LT Buy Disclosure: Held
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