A lot depends on uranium sentiment in terms of PDN and uranium miners outlook.
So far we have had a 25% recovery only from the sub $20 lows of late 2016.
Most mines are based on LT supply contracts sitting well above spot. We depend on spot and we need another 25% for LHM mine to be viable. We need 150% increase from here for Malawi mining to restart.
When are LT contracts being re-negotiated - I read previously that many are this year? The LT contract price will give direction to spot.
2 things can improve sentiment and spot price. Lots of shiny new reactors coming on line and put into the pipeline or producers going out of business / reducing production. All about supply and demand.
Flight or Fiction, page-4
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$10.52 |
Change
0.380(3.75%) |
Mkt cap ! $3.145B | |||
| Open | High | Low | Value | Volume |
| $10.43 | $10.60 | $10.31 | $22.00M | 2.093M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39693 | $10.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $10.54 | 1500 | 1 |
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