A little scared to post on this thread (Chris) but theories are doing the rounds that the utilities are lying doggo because they consider a number of hedge funds with physical positions in U3O8 are vulnerable and will go under. If they're right a lot of cheap U3O8 will come on the market. If they're wrong and have to re-etner the market the impact on U3O8 pricing over the next little while could be profound and swift. In the short term I reckon a sharp re-pricing of U3O8 is the only likely catalyst for a rerating of uranium stocks.
from a charting perspective, page-4
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$2.39 |
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Mkt cap ! $420.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 20090 | $2.37 |
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|---|---|---|
| $2.40 | 3200 | 1 |
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