I love it when the uranium trading houses turn bullish because they are generally wet blankets when it comes to a bullish bias in the sector.
In the last cycle, equities ran 6 months before a nice uptick in the spot price, but there was more spot supply in the mid-2000s.
IMO, price discovery in the term market will break the pricing deadlock this year at a very wide margin over the spot price, because the utilities won't be bothered trying to obtain their supply in the spot market, it's too illiquid now.
They're at it again...bloody shorters, page-2
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Last
$1.53 |
Change
0.010(0.66%) |
Mkt cap ! $4.566B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.54 | $1.50 | $24.81M | 16.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 244659 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 87015 | 6 |
View Market Depth
| Last trade - 16.10pm 10/04/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
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