Uranium doldrums, page-2

Sad to see the uranium industry like this, and the U price where it is.

We all believe the fundamentals of uranium (eg. China building reactors, mines going into C&M, etc), however, $28.25 U price (and possible further falls) is the reality that we are in at the moment.

Despite PEN being "near producer" status and even with possible positive announcements to come from PEN, I don't see PEN share price reaching the brokers' 9 cent target in the next couple of years at least. I would think it would only happen when the U price increases dramatically. If they say the recovery is likely after 2021, it will be a long time to wait.