Pity about the thread some interesting points were raised.
I'll start the ball rolling on the observation by Jebac ..."Let’s take the highest adjusted close 2.74c which occurred on the 7/5/2007 and just compare it to today’s prices 13.5c.
First up, and from memory, the spot price on U308 was US$136/lb when we closed at $2.74; today the spot is US$35. So for the drop in the spot a sp of $2.74 would be $0.70.
Then we have the A$ which again from memory was 1A$ to US$.80.Today its US$0.94. So adjusting our A$.70 sp we get A$0.59.
The $0.59 to the A$0.135 we have today is pretty much Fukashima, plus litigation, litigation and litigation.
For the future ...The broad view is that the Spot is likely to be US$60-70 some time next year, A$ is trending down ...some think US$0.85 is likely, Fukashima impact on growth in nucular takeup is deminishing and the litigation is drawing to an end.
The ducks seem to be lining up for AGS ...IMHO.
Good Luck good luck
AGS Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
