Kazakhstan which provide 43% global supply uranium is in chaos. Airport closed. Banks robbed and shopping markets plundered. Russia sending troops, they do have interest securing the uranium supply for their NPP. Main stream such as Bloomberg already reporting U price may continue rising further. Up 8% to ask $46 and soon will break $50. SPUT received clearence OTCQB so many brokers now can trade, expecting more volume in coming days. If things get escalated, we will see soon $100 uranium spot price probably by end of Jan / Feb.
PEN share price will go crazy BOOM !!! At least $1 easy target. Utilities should be starting to contact PEN to secure supply.
LOT, UEC, Uranium One, Encore etc just name it as you like may offer M&A with PEN and we see next BOOM again in PEN
Simple, simple as that. RIP short seller. Bye bear.
Kazakhstan which provide 43% global supply uranium is in chaos....
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Mkt cap ! $98.97M | |||
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