There is a claim in PEN's presentation today that the spot...

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chrisCarter

935 Posts.

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25/03/15

15:24

Post #: 14978467
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Originally posted by FarmerOscar ↑

the lmao farmeroscar uranium spot market cumulative index is now 37 transactions over the last 6 weeks.

here is the latest spot market news courtesy of tradetech:

A total of eight transactions are reported this week in the spot uranium market. Intermediaries and utilities acted as buyers, while intermediaries and producers participated as sellers.

Early in the week buying interest was centered on material to be delivered later in the year; however, transactions concluded later in the week call for delivery within the next 30 days.

Market sentiment fluctuated throughout the week, and the gap between willing buyers and willing sellers reflected this—with a gap of more than $1.50 per pound U3O8 witnessed a few times throughout the week.

Transactions closed earlier in the week specified later delivery and were generally concluded at higher prices. Other factors, such as buyer type and delivery location, also contributed to the spread in observed prices.

In spite of the wide swings in bids and offers, prices settled by the end of the week and the most recently closed deals were concluded at, or very near, today’s Weekly U3O8 Spot Price Indicator.

TradeTech’s Weekly U3O8 Spot Price Indicator is $39.50 per pound U3O8, up $0.40 from last week’s value and unchanged from the March 19 Daily U3O8 Spot Price Indicator.

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There is a claim in PEN's presentation today that the spot market is 40mlbs per year.

What's even more interesting is the lack of long-term contracting since 2012. You'd imagine that sooner or later, that has to pick up.

Source cited in the presentation is UxC.

Also of interest is ConverDyn lawsuit against DOE delayed until May 2015.

Well worth a read.

AGS Price at posting: 8.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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There is a claim in PEN's presentation today that the spot...

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