what the ?, page-7

illiquid,

Don't know if this helps.

August 3, 2012 - Two transactions are reported this week in the spot uranium market. Demand remains exceptionally weak, as very few buyers have uncovered requirements prior to 2013.

Several utilities are evaluating “buy and hold” strategies—stepping into the market to take advantage of the recent drop in price and holding the material in inventory until the material is actually needed—but few have yet to formally request offers.

Meanwhile, the recent news that ConverDyn’s Metropolis Works conversion plant could be shut down for up to 15 months has left some sellers holding U3O8 at the facility unable to generate buying interest in spite of lowering prices.

As a result, the market is at a standstill with very little activity or data points available to provide price guidance to buyers or sellers. The influence of the few transactions or firm bids and offers that do surface on price movement is magnified, as there is little other activity to counter or neutralize their impact. TradeTech’s Weekly U3O8 Spot Price Indicator is $49.50 per pound U3O8, down $0.25 from last week’s value and unchanged from the July 31 Exchange Value and the August 2 Daily U3O8 Spot Price Indicator.

http://www.uranium.info/in_the_market.php

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