THE SQUEEZE IS ON, page-15

"CEO Tim Gitzel stated that, "What we didn't know when we made our decision to proceed with the next phase of our supply discipline was the pace of change that would occur in our industry because of geopolitical events that are further amplifying ‘security of supply’ concerns. It's still early days, but we are seeing what we believe is an unprecedented geopolitical realignment occurring in the nuclear fuel cycle.""

With Germany oddly sending arms to Ukraine and Billions in cash for gas, oil..... to Russia the world of change is likely very quickly. EU plans already stated to end oil imports. The existing blackmail by Russian on gas to Poland & Bulgaria will hasten the process.

Putin has over played and checkmated himself. It is not possible to escape "The dictator's dilemma" for ever?

" "Sanctions on Russia and restrictions on and cancellations of some cargo insurance coverage are causing logistic difficulties and have resulted in delay of a near-term delivery for CCO’s share of production. CCO is working with its JV partner, Kazatomprom, to secure an alternate shipping route that does not rely on Russian rail lines or ports.""

Certainty of supply is not possible. That Cameco did not sign more medium/long term contracts to provide Certainty of Supply gives me more than a little certainty the spot price holding or rising while Sprott was not buying was the utilities and others scrambling to secure certainty.

The amount of nuclear fuel held by utilies report out soon should show exactly why the utlies are running scared "Exclusive: U.S. utilities push White House not to sanction Russian uranium"

Like the EU love affair with Russian Gas and oil the west also loved Russian U and the entire fuel cycle in Russia. The music has stopped and the number of chairs means only one thing for the U prices in the short term.

Not feeding the trolls of course or pumping. Happy to sit back and smile

Have a great day all