May should be a much better month for uranium miners I reckon. The Uranium market appears to have bottomed.
"April featured more sellers than buyers but in the last week that gap narrowed considerably." - Grep Peel - 2 May 2011.
This suggests that uranium processors and utilities are about to stock up on supplies before the price rockets back up.
With Ranger out of production, Rossing depleted and Japan running its remaining nuclear reactors at max power demand for uranium is bound to increase.
Our market seems to be infested with shorters. But if you look at uranium stocks on other markets most are already on their way back up. Ours should follow.
PDN Price at posting:
$3.25 Sentiment: Hold Disclosure: Held
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