Remember the buyer is a Chinese state-owned company. China is building lots of nuclear plants. It makes sense for them to secure the Uranium resources. Air pollution in China is too big a problem.
I remembered when the Russian company buy the first 49% of Uranium One, the shorters takes advantage of the uncertainty and push down UUU for 40% in the next 10 days. After one month, it recovered more than the drop. The shorters are really crazy. Two years later, Russian purchased the whole company.
sale of the century, page-52
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$13.24 |
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Mkt cap ! $3.951B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $13.70 | $13.24 | $115.9M | 8.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 60263 | $13.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.29 | 42663 | 1 |
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