The price of uranium is being manipulated by those with an agenda to do so. Until now the miners have been just coping it on the chin. But they do have a way of fighting back...... Reducing supply. Or THE PERCEPTION THAT SUPPLY WILL BE REDUCED. Is it any coincidence that cameco came out with an announcement on the same day as PDN, that they are delaying their expected mine expansions? Probably not
http://uk.reuters.com/article/2014/02/08/cameco-results-idUKL2N0LD02K20140208
There will come a time where there is a tipping point and the U price wont look back. If so its easy to foresee a new announcement from PDN announcing the resumption of production.
The price of uranium is being manipulated by those with an...
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Last
$11.18 |
Change
-0.250(2.19%) |
Mkt cap ! $3.342B | |||
| Open | High | Low | Value | Volume |
| $11.66 | $11.66 | $11.18 | $25.19M | 2.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8339 | $11.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 800 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |