I'm starting to think U stocks will probably trade in their respective ranges until at least early next year gcs. Happy to be wrong on that front.
While markets can be forward looking they may be waiting for confirmation, whatever that may be; rising spot price, some sort of event like a failed delivery or more supply curtailment. I guess the opaqueness of uranium market dynamics might contribute to that, there's no doubt most in the financial markets would know the thesis by now.
Hopefully the spot price can keep ticking up, even small gains might help in the short term.
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