Isn't Cameco also buying from spots? So their inventory is running low. KAZ may have the potential to prolong the waiting game. But I don't think Cameco has it. In April last year, when oil price was going negative. Everyone thought oil price will never go back above $30. Everyone thought there was too much inventory. Now look at where oil price is now. Sure, the Saudis and the Russians had the power to suppress the price for longer, but they didn't do it because doing so will hurt their wallet. KAZ also mentioned that they don't intend to keep price down and that they prefer a higher price. The "cut to kill" strategy to knock out competitors is not only phased out in oil play but also in rare earths play. China is no longer suppressing the rare earths' price down. So I believe KAZ will not resort to "cut to kill". I profited from the first wave of U stocks boom, I believe the second wave is happening again within a year. DYOR guys, because I could be wrong. Cheers.
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Open | High | Low | Value | Volume |
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89 | 11124158 | 10.0¢ |
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9 | 734518 | 0.099 |
15 | 738134 | 0.098 |
11 | 1053092 | 0.097 |
12 | 2519590 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 7440214 | 47 |
0.110 | 3671602 | 37 |
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