Spot market contracting. Volume will be chased and prices move up. Sellers will decide to sit on there hands and wait. traders will find the market less liquid and sources of inventory depleted. They will be doing
well now but holders of physical u308 like Yellow cake will be holding tight with there strategy reaping rewards.
There are also more diversified uranium players across the supply chain who will also place upward pressure on price. So not just the much lauded return of US utilities. That's the old market China Asia and India will be chasing hard.
Net result for PDN contracts at above 60 us a pound. Announcements in the next few months I'm sure
Spot market contracting. Volume will be chased and prices move...
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Last
$11.41 |
Change
0.340(3.07%) |
Mkt cap ! $3.411B | |||
| Open | High | Low | Value | Volume |
| $11.12 | $11.41 | $10.72 | $70.22M | 6.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96833 | $11.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.41 | 41345 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |