I also think Kazatomprom are genius'
KAP sales are linked to the spot price and so they benefit from the production shortfall - the spot price goes up = increased sales and profit for KAP.
Cameco have ceilings for their contracts (mid 2023 the ceiling was $65.00/lb) and so the spot price increasing doesn't make CCJ any more money.
The genius part is that the KAP will now undersupply the CCJ / KAP Inkai JV and so CCJ will have to make up the shortfall from the spot market.
CCJ will lose a ton of money buying from Spot (buying at $100+ and selling at $70.00)
CCJ will force the spot price to go up.
KAP, being spot linked, will make even more money.
I also think Kazatomprom are genius'KAP sales are linked to the...
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Last
$5.66 |
Change
-0.030(0.53%) |
Mkt cap ! $2.312B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.68 | $5.58 | $10.79M | 1.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 3000 | $5.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $5.67 | 22202 | 9 |
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| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$5.65 |
Change
-0.030 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $5.66 | $5.68 | $5.59 | 368591 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
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