African miners are in the geopolitical sweet spot, being well placed to supply both the east and the west. Africa also the logical choice for any Chinese buyouts.
A bit of a pullback for Elevate today, but not surprising given the decent gains of the previous few days. Good to see it making higher highs and higher lows for now though.
Anticipating the next catalyst putting upward pressure on SP will be the Kazatomprom updated production guidance for 2025, based on what astute market commentators are saying. Leigh Goering: “uranium fundamentals are better than they were 4 years ago”, “there is going to be another huge leg up, Kazatomprom are going to make an announcement in the next month about their 2025 production ability, and I believe it’s going to disappoint…and that could set off another huge chaotic move to the upside”. From 20min mark:
https://youtu.be/TPvfnFLXm4Q?si=r6SILIlN0HEFG3a0
EL8 CHART, page-625
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 37.5¢ | $67.48K | 178.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 64231 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 10673 | 4 |
View Market Depth
| Last trade - 13.22pm 05/07/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |