One last thing, in John Borshoff's latest interview, he absolutely pissed all over these latest uranium spot market purchases by BOE and now PEN. I believe he referred to their purchases as "piddly little purses" or something equally insulting LOL.
He then went on to explain that utilities could care less about some piddly little purse a company bought on the spot market, utilities need a PROVEN 20-30 year supply pipeline before they can take a uranium supplier seriously. These purchases also raise questions about the uranium companies ability to guarantee a long term supply. If you had a legitimate supply why buy spot? When Paladin launched their Langer Heinrich mine JB said they never bought any Uranium they mined their entire supply.
When i first heard of these Uranium spot purchases me being an inexperienced Uranium investor applauded the move, it wasn't until i listened to JB speak that he gave the actual reality of the situation.
VMY Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
