Disappointing to see no increase in spot price this week but...

Disappointing to see no increase in spot price this week but UXCs take on the market is interesting. As RBC reports:

Ux's feature article this week focused on three events that have stirred up
what usually is a quiet time of the year for the uranium market. Although
the spot price has not changed - yet - in response to these events, Ux
believes that these events are worth watching.
• The three events are renewed flooding at Cameco's Cigar Lake project,
India's potential entry into the uranium market, and the armed conflict
between Russia and Georgia.
• In Cameco's case, Ux believes the issue is not that Cigar Lake is flooded
once again or that flooding may plague Cigar Lake again in the future;
rather, the issue is how buyers will react to this latest incident and the
potential for more like it.
• While Cigar Lake is a supply-side issue, Ux believes that the market has not
recognized the demand-side effects from India's potential entry into the
uranium market. Quoting its own biannual market survey, Ux said that three
times as many market participants think that the market has not priced in
potential Indian demand. According to Ux, this issue is especially acute
since India has been out of the market for so long that its demand profile
and resulting effects if and when it does enter the market are unknown.
• The third event is the conflict that has erupted between Russia and Georgia,
and its implications for Russia's relationship with the U.S. and Europe going
forward. In Ux's opinion, the security and stability of energy supply are
critical, and developments such as this conflict add uncertainty and price
volatility to the market.
• Ux believes that what market participants think may happen as a result of
these events, and their reactions, are just as crucial as the events themselves.