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anthonyzya

523 Posts.

225

21/09/21

19:36

Post #: 56247039
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Originally posted by tony75: ↑

Perhaps. Time will tell. What I've learned is that there is plenty of uranium out there. Don't forget that it's a byproduct of other forms on mining too. The bottleneck is refining and enriching it.

Believe me when I say that I would like to see nuclear reactors replacing coal at a fast pace. But so far that's not really happening (yet). Maybe it will. But in the short term, let's face it: all that's happening is one buyer cornering the market. If they get caught out by a broad market correction (which is looking more likely day by day re: Evergrande) then will Sprott simply book mark-to-market losses or be forced to dump by their investors? It's a very speculative play right now, not a fundamental one.

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U3O8 is usually the main product and in some cases such as BHP is a by product
Vanadium is a by product of U3O8 mining but once again the product is usually Uranium Oxide (EG Toro TOE)
I would suggest that you are not very conversant with the product and need to receive balanced information from multiple sources to overcome (as I see it) a clear prejudice
Please Do some thorough research as I truly think that you are somewhat confused as to what is going on

PDN Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $9.79		Change 0.820(9.14%)		Mkt cap ! $2.928B

Open	High	Low	Value	Volume
$9.80	$9.98	$9.66	$39.14M	4.002M

Buyers (Bids)

No.	Vol.	Price($)
1	8	$9.79

Sellers (Offers)

Price($)	Vol.	No.
$9.80	15000	1

View Market Depth

No.	Vol.	Price($)
1	8	9.790
1	7	9.780
1	7	9.770
1	7	9.760
3	23291	9.750

Price($)	Vol.	No.
9.800	15000	1
9.820	5	1
9.830	7	1
9.840	20016	3
9.850	7	1

Last trade - 16.10pm 12/09/2024 (20 minute delay)

PDN (ASX) Chart