the current sell-down in uranium stocks started with cameco (CCO) the largest canadian u miner AND FOR GOOD REASON:
- tepco is the biggest CCO customer also holds a minor stake.
- there are longterm contracts n it's likely tepco would immediately be unable to take delivery of stocks to be supplied.
the 2nd reason also explains why the pre fukushima spot price of u3o8 went spiralling fr $60+ to $50; CCO's undelivered u3o8 will be coming into the spot market. the spot price recovery testifies to this insight.
The Upshot Of It All - PDN need not follow CCO's share price path.
time to go long !, page-13
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Last
$9.90 |
Change
-0.220(2.17%) |
Mkt cap ! $2.959B | |||
| Open | High | Low | Value | Volume |
| $10.05 | $10.12 | $9.87 | $13.55M | 1.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $9.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.91 | 2197 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |