Financial market analysts are saying the u price hike is only caused by u funds buying up not by utilities.
At some point the funds will have to stop buying and the u price will crash.
Since the utilities have plenty of uranium in reserve atm they can afford to wait until the u price has stabilised before negotiating long term contracts with miners.
But how long will that take and how long can you afford to wait ?
In essence atm the u price is a 3 way game of blind mans bluff between u funds, u miners and utilities.
Who are you going to back.?
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Last
$11.74 |
Change
0.290(2.53%) |
Mkt cap ! $3.511B | |||
| Open | High | Low | Value | Volume |
| $11.54 | $11.96 | $11.27 | $34.85M | 2.980M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39237 | $11.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.75 | 307 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |