Considering investors like Kuppy think uranium could go over $1000/lb and others have shown similar possibilities as high as $1650/lb. With no uranium on market to resolve this issue for the next two to three years.
Would you really want to be short this stock for the next 12-24 months. maybe if it hits these price targets that are just unbelievably high from our perspective today then shorting could be a definite factor, but at these levels you are standing in front of a bullet train.
With Kazatomprom news of not hitting targets, I think that $1000/lb picture is becoming even clearer, and the speed of the rise can be frightening.
People talking about $200/lb uranium being a big deal, it is from a historical perspective, but it doesn't solve the problem of supply and demand at that price, in fact their doesn't appear to be any price that resolves the supply side for potentially years to come. Demand destruction is the only thing that derails this train.
Considering investors like Kuppy think uranium could go over...
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Last
$5.31 |
Change
0.120(2.31%) |
Mkt cap ! $2.169B | |||
| Open | High | Low | Value | Volume |
| $5.30 | $5.32 | $5.11 | $16.40M | 3.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $5.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.31 | 12400 | 3 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.28 |
Change
0.120 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $5.30 | $5.31 | $5.11 | 468783 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BOE (ASX) Chart |