Wow, Yellowcake has completed the full-circle and is now back to the namesake.
Cameco was basing in late July and heading up again, crossing through 50- and 100-day averages and then all good was undone with general market panic. It's hard to run alone when there is 5% plus swings daily in the US.
There has been a recent stirring of activity in U M&A, moving past opportunistic, hostile bids (Mantra, Bannerman) to actually paying a good, yet fair price for companies. Refer to Cameco's bid for Hathor recently. Would also expect the Chinese bid for Kalahari to be re-ignited soon, now that regulatory black-flags have expired.
US utilities signing off-takes with PDN and they have been talking about concluding deals with Chinese utilities in 2H 2011, for a while now.
Choice
Wow, Yellowcake has completed the full-circle and is now back to...
Add URANIUM (NYMEX) to my watchlist
 (20min delay)
|
|||||
|
Last
$24.70 |
Change
0.250(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| $24.70 | $0.00 | $0.00 |
| URANIUM (NYMEX) Chart |
Day chart unavailable