re: spot price plus 1.75 to us55.75
SPOT: Up 1.75 to US$55.75: http://www.uranium.info/
Quote: "In the Market ... Although total transaction volume in September was lower in the spot uranium market compared to August, the spot uranium price continued to climb due to a lack of supply. A US producer concluded another auction of 100 thousand pounds U3O8 at the end of September. Many sellers continue to seek market-related pricing terms for spot delivery and buyers continue to show a willingness to raise bid prices in order to secure supply at fixed prices.
The buyer mix remains diverse, with utilities, producers, intermediaries, and speculators seeking market purchases. Long-term uranium demand remains strong and continues to exert upward pressure on the spot uranium price. The spot uranium market is expected to remain active through October.more..."
Info on SMM: http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=366594#1270585
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)