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clock Created with Sketch. 21/01/21
12:42
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Originally posted by macssharesforfun
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Although tempered somewhat by what DYL said in todays quarterly......Looking at the underlying uranium supply/demand dynamics, there is little to suggest why thisrevival has occurred. The uranium price has remained largely static during this period, maintaininga narrow range of US$29.20/lb to US$30.75/lb (currently at US$30.00/lb) and the significantincrease in market capitalisation is not being affected nor has affected the lacklustre performanceof the price of uranium. The medium-to-long term uranium outlook remains extremely positive, even though nuclearutilities remain complacent regarding the looming supply shortage predicted to occur from2023/24. This shortage will likely be exacerbated by a lack of incentive pricing to encouragedevelopment of new mines and a sector that has been diminished and ravaged in capability bythe consequences of the downturn caused by Fukushima.
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We've also gotta remember that JB wants the U price (and asset / company valuations) to stay low until DYL have secured the acquisitions they've been promising as part of their strategy...
(20min delay)