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...
Add BOE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.75 |
Change
-0.010(0.21%) |
Mkt cap ! $1.893B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $4.84 | $4.59 | $34.27M | 7.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 14628 | $4.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.75 | 9117 | 6 |
View Market Depth
| Last trade - 12.47pm 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.73 |
Change
-0.010 ( 0.84 %) |
||||
| Open | High | Low | Volume | ||
| $4.76 | $4.84 | $4.60 | 3227259 | ||
| Last updated 13.06pm 29/05/2024 ? | |||||
| BOE (ASX) Chart |