....I totally agree with the geo-political factors, hence my rationale for concluding that a Namibian source is not something western clients would want to rely on....especially producers with ~$50/lbs break even production costs/ sustainable business models etc.
...so where will the demand come from for Namibian uranium....China...India?....but China & India have already contracted future uranium supplies from the Kazaks at $29/lbs....and the Kazaks are already making millions selling it at $29/lbs...and still have plenty of spare capacity for all of the additional short/medium-term demand from the ~450 new nuclear power stations...
..so where will the US utilities source their uranium during the next contract cycle? My bet is Canada, next door....at zero political/ macro economic risk....hence Cameco, Denison etc. and from the few local producers like Energy Fuel etc. Far better investment opportunity for an Uranium Bull...and don't get me wrong I am...made a killing in 2004-2006 when I invested in Energy Fuels...~50X....
So my view is that most Western demand would stay away from Namibia with realities like this: https://www.namibian.com.na/196706/archive-read/China-investments-in-Namibia-at-N$40b
...my two cents...not here to try to convince anyone...
- Forums
- ASX - By Stock
- Cap Raising on the cards
....I totally agree with the geo-political factors, hence my...
-
-
- There are more pages in this discussion • 131 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
|
|||||
Last
$13.24 |
Change
-0.230(1.71%) |
Mkt cap ! $3.951B |
Open | High | Low | Value | Volume |
$13.66 | $13.70 | $13.24 | $115.9M | 8.727M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 60263 | $13.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.29 | 42663 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 44674 | 13.230 |
5 | 26221 | 13.220 |
3 | 56579 | 13.210 |
9 | 464217 | 13.200 |
2 | 48231 | 13.190 |
Price($) | Vol. | No. |
---|---|---|
13.290 | 42663 | 1 |
13.300 | 31911 | 1 |
13.310 | 21129 | 1 |
13.330 | 10737 | 2 |
13.350 | 8380 | 5 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online