the current sell-down in uranium stocks started with cameco (CCO) the largest canadian u miner AND FOR GOOD REASON:
- tepco is the biggest CCO customer also holds a minor stake.
- there are longterm contracts n it's likely tepco would immediately be unable to take delivery of stocks to be supplied.
the 2nd reason also explains why the pre fukushima spot price of u3o8 went spiralling fr $60+ to $50; CCO's undelivered u3o8 will be coming into the spot market. the spot price recovery testifies to this insight.
The Upshot Of It All - PDN need not follow CCO's share price path.
the current sell-down in uranium stocks started with cameco...
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Last
$13.93 |
Change
-0.050(0.36%) |
Mkt cap ! $4.130B | |||
| Open | High | Low | Value | Volume |
| $13.78 | $13.94 | $13.62 | $22.74M | 1.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2308 | $13.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.93 | 1 | 1 |
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| Last trade - 15.30pm 12/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |