"Capi-taan do you know what price those transactions wen't through at?"
I think he is still out mowing his lawn!
:)
I have read the FNArena alert Barry, current deals were evidently done "at or near US$60/lb" ... in their words ... hence Tradetech have elected to leave the spot price unchanged at US$60.
Other deals "involving financial investors buying uranium" were apparently "off-market", hence have impact on the spot price.
Probably the two most bullish points are:
1] Gold producer AngloGold Ashanti is evidently facing a production shortfall due to power shortages in South Africa .. they will have to start buying on the spot market to satisfy their contractual obligations.
2 In addition, there is evidently noticeable increased buying interest from utilities as well!! This is SIGNIFICANT, as many have stayed outof the markets when prices were high, finally forcing the U price down
The point is, buyers are back! Watch what happens when the first rise comes through in the spot price!!
:) .... Booom!
cheers
investors return to uranium market fnarena, page-8
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