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55.5¢ elevate uranium ltd

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Zinzan4

368 Posts.

155

26/02/24

11:31

Post #: 72594843
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Originally posted by Zinzan4: ↑

That's what I was thinking.....

Everyone seems to be concentrating on Spot Price whilst the Term price is still below the incentive price. In fact, the Spot/Term Prices are out of sync compared to history, unless we're at the top of the market!! Imo the Term Price going higher will equal overall higher U valuation floors.

Why June and why sustainable? RFP activity (aka Term Price setting mechanism) seems extremely low at the moment but that won't last and there should be new contracts signed before mid-year. It seems like Cameco have given away all their free material now, and so higher prices should be reported going forward (who's selling at less than $75 in 2024?)

Over the weekend there was a 21mlbs RFP issued and so it looks like 2024 has finally started. How many 21Mlbs RFP's can this sector handle at the current term market pricing?

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This is from Paladins Presentation released today.

These RFP's have to resolve themselves sooner or later and all the cheap Uranium has gone.

EL8 Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

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(20min delay)
Last 55.5¢		Change 0.000(0.00%)		Mkt cap ! $171.1M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	6739	58.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.0¢	1538	1

View Market Depth

No.	Vol.	Price($)
1	6739	0.580
1	6600	0.550
1	1056	0.540
3	41500	0.530
3	43647	0.525

Price($)	Vol.	No.
0.510	1538	1
0.520	450	1
0.540	33891	2
0.560	15135	2
0.565	17657	1

Last trade - 09.28am 24/05/2024 (20 minute delay)

EL8 (ASX) Chart

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