Kazakhstan biggest producer of uranium ramping up production will oversupply the market with raw material.
Oversupply = weakened prices = massive hit to uranium companies.
Not to mention the lack of uranium experts to commission projects and the lead time to get anything online.
Let's not forget about oil money. They will crush any threat to their energy supplies and they have way more $$$. Like one level below god levels of money. Good luck trying to go long this year. Unless you like losing money then go long.
A nice short opportunity, page-5
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Last
$15.59 |
Change
-0.240(1.52%) |
Mkt cap ! $4.653B | |||
| Open | High | Low | Value | Volume |
| $15.61 | $15.90 | $15.55 | $18.70M | 1.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1804 | $15.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.59 | 18497 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$15.60 |
Change
-0.240 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| $15.60 | $15.90 | $15.56 | 212846 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| PDN (ASX) Chart |