Yes Johno the U spot price is quite poor, however most U is sold on long term contracts. The contract price is significantly higher than the spot price, so I think you'll find not to many people getting caught up with the spot price.
There is also new reactor's coming online in the next few years, the agreement between the US and Russia on nuclear disarmament (which converts nukes into fuel for reactors) ending, and Japan bringing reactor's back online.
There have been predictions of uranium shortages in 2014-15. There is pretty good reason to be confident in higher U prices long term.
Ann: Toro Energy secures A$12 million Funding , page-18
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TOE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.5¢ |
Change
0.025(10.0%) |
Mkt cap ! $33.07M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 28.0¢ | 26.0¢ | $209.9K | 777.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10448 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 4814 | 2 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| TOE (ASX) Chart |