A theory on a downside risk. The big nuclear conference starting in Washington this week - If the US agree to buy and reporcess unloved warheads they can produce an aweful lot of fuel rods which will push the mythical gap between supply and demand into the 2030's.
I like PDN as I think other suppliers (eg Cameco and ODX) will continue to underperform market expectation but I sold today and will sit on the side lines until I see and understand what comes out of the Washington gabfest
Probably come back before the end of the month
E
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