Why would stockpiling be such as issue, especially if the spot price is going up? Would only take H/Q to highlight where the U price was pre-Japan, and that it's fair to say it has bottomed put and is now on the way up quite quickly (as per many expert predictions).
Unless there are contracts in place that basically order H/Q to sell/hand-over what is agreed to by a certain date, then stockpiling makes perfect sense to me. More likely than not to U price will be worth a lot more in 12 months time.
Given H/Q's contract writing ability, as we have seen first hand, they have probably got a clause in there protecting them from such things.
It's not H/Q's fault that our bank accounts are starting to dry up. (Nb. it could be argued that they are, but that's not the point of my post).
I think we're going to get screwed again, although if there is a CR, it may be a chance to pick up some cheap shares!
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