Uranium-producers-prepare-for-market-recovery, page-2

How many years have we been hearing this story? Coments about latent demand with new reactors in the pipeline; comments about over-production driving down spot prices; comments about the need for carbon free base load generation; comments about restoring Japan's facilities (even when LNG is cheap).
Previous months have seen some attempts to reduce production by the majors, although this has been underway for sometime with producers such as Paladin. We all know about Kazatomprom's announced intentions (cutbacks yet to be verified?) and reduction by Cameco and Areva.

Peninsula's production goes down by something like 45% over two quarters and share price drops 40% or so even though they can buy spot and sell into their contracts for a very attractive margin. Current environemnt gives them plenty of time to sort out production issues and still make handsome gains on contract sales.

Anyone bold enough to predict when U3O8 will get back over US$30 or $40 or $50 or $60?