Like every commodity cycle in the past, any current supply deficit gap will be more than swamped by future over production.
ln the case of uranium, there is still a ways to go for prices to get squeezed upwards. I am guessing 2, 3 or 4 years with a 75% to 150% upside from here.
After that, hold on to your hats, the boom may be well and truly turn into a bust.
Blinkered vision is the infirmity of both bulls and bears. Tracking the change in conditions is the tricky part of any commodity cycle, that is where investors should be placed.
GLTASH
Bearish Short Case - Stay Away If You Want Bullish News, page-72
Add BOE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.43 |
Change
-0.110(2.42%) |
Mkt cap ! $1.811B | |||
| Open | High | Low | Value | Volume |
| $4.49 | $4.49 | $4.33 | $22.61M | 5.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 37016 | $4.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.44 | 20000 | 2 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.42 |
Change
-0.110 ( 2.40 %) |
||||
| Open | High | Low | Volume | ||
| $4.47 | $4.48 | $4.33 | 937148 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| BOE (ASX) Chart |