I think Goldman Sachs said they would wind down the Uranium unit by stop buying Uranium from the market. But they will continue supplying the utilities in the coming years according to the signed contracts.
The market knows GS is no longer buying. So the spot market has a big drop. It will take sometimes to adjust. However, not sure what the SP will look like on Monday. Fundamentally, nothing change, but the sentiment may be affected.
Spot dropped to $38.25 today, page-12
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$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
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| PDN (ASX) Chart |