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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$12.94 |
Change
-0.490(3.65%) |
Mkt cap ! $3.841B | |||
| Open | High | Low | Value | Volume |
| $13.18 | $13.20 | $12.82 | $10.52M | 809.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2497 | $12.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.95 | 3161 | 14 |
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| PDN (ASX) Chart |