Another "+10.03%" for Cameco overnight. The run is on
Noted it might be price of "Mines in 2019 supplied some 63,273 tonnes of uranium oxide concentrate (U3O8) containing 53,656 tU, 80% of the utilities' annual requirements"
and "TradeTech explains the DoC has taken a very firm stance on limiting the amount of Russian imports into the US going forward, which means that several utilities that were counting on Russian material to fill their needs may be forced to buy material elsewhere, or draw down strategic inventories to even lower levels, as they strive to remain competitive.TradeTech's term price indicators remain at US$36.50/lb (mid) and US$39.00/lb (long)."
A price over run for a demand scramble would be justice for long suffering share holders. The smile will be on our dials today at the very least. Hopefully for a much longer time.
Another "+10.03%" for Cameco overnight. The run is on Noted it...
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