Camenco are shutting down one of their largest mines and cutting their dividend.
Their reason is that the long term contracts with pre-Fukushima uranium prices are going to run out soon, and then they will be much less profitable. Plus they already have large stockpiles of uranium.
Its a bit of swings and roundabouts for us. A significant reduction in uranium production like this is good for the uranium price, and therefor for uranium miners. That has fueled investment in the GlobalX ETF, and increased the SLX share price. However Camenco having less money to play around with is bad for GLE. However reducing their dividends should mean they have more money to play with, which is good for GLE.
US conversion plant suspends UF6 production, page-18
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Last
$6.06 |
Change
0.055(0.92%) |
Mkt cap ! $1.427B | |||
| Open | High | Low | Value | Volume |
| $5.98 | $6.08 | $5.97 | $882.5K | 146.4K |
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| No. | Vol. | Price($) |
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| 10 | 1574 | $6.05 |
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| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 11.38am 14/05/2024 (20 minute delay) ? |
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Last
$6.02 |
Change
0.055 ( 0.03 %) |
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| Open | High | Low | Volume | ||
| $6.05 | $6.08 | $6.01 | 17496 | ||
| Last updated 11.57am 14/05/2024 ? | |||||
| SLX (ASX) Chart |