Their existing contracts have a realised selling price of US$50 per pound. So, it's fair to say that they want to minimise exposure to the spot market where they need to pay US$100+ per pound. Hence, it's in their interests to maintain their 2024 production guidance since any downgrade would presumably see the spot price jump higher. Let's see how they go in meeting their outlook in reality.
Today's carnage seems over the top imo. Regardless, the market has spoken. See what happens next week but some of my positions in uranium stocks are close to being stopped out. What a shythouse day.
Price target, page-73
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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 | $10.79M | 1.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3000 | $5.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.67 | 22202 | 9 |
View Market Depth
| 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 ? | |||||
| BOE (ASX) Chart |