Col,
I found this onthe BLR thread. Very interesting read. May be the reason for spot price being down. (Thanks Grant)
Lehman Brothers, makes big Uranium sale !
So just how significant is this sale ?
To put it in perspective, the amount represents 12% of the uranium produced within the U.S. in 2010.
Among the items recently liquidated was 450,000 pounds of Uranium, which was acquired as part of a commodities contract.
It was sold at prices ranging from US$51 to US$65 per pound, according to Versant Partners analyst Rob Chang.
Uranium prices fell US60¢ to US$50.15 in the week ending Monday, July 16, 2012, according to Ux Consulting.
Lehman Brothers, Makes Big 450,000 Lbs Uranium Sale !
http://business.financialpost.com/2012/07/19/lehman-makes-big-uranium-sale/
......................................................
FWIW. it is only 0.86% of the total 2010 U needs for the USA (USA require 52,000,000 lbs)...significant or not??
It did suppress the spot market price however.
M
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Col,I found this onthe BLR thread. Very interesting read. May be...
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