the f*wit shorts are now desperately phoning JB and offering to fund a rights issue and JBs is telling them to “f* off” for now, and if they are still interested then come back after Cameco provides its 2023 production numbers on Thursday, 8th February
Cameco is also providing their forward year production targets - which are also expected to be below market expectations
the US senate banning Russian uranium imports can be far away either, that will provide the Russians the opportunity to retaliate and ban all uranium exports to the US.
remember the US has the largest fleet of utilities in the world and as yet we haven’t seen them on mass enter the market with new contracting - Russia banning exports of uranium to the west may just be the catalyst that triggers the US utilities into action.
and what will that do to uranium prices in the west !!!
meanwhile I expect JB is telling those same fund managers that tried to screw him to “f* off” for now, and he will think about it if no one else steps up
don’t you just love a good short squeeze - and this one is only just getting started
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