Morning Guys,
These are two very important slides from CCJ's overnight presentation IMO:
Much like during and after the GFC when the CB's announced to the markets that they were going to buy lots of bonds, CCJ is telling the market that not only have they taken 18m lb of production from the supply side for an "indefinite period" they are now also acting on the demand side by buying 2-4m lb in the next 5 months of 2018 and 9-11m lb during 2019.
Do you think astute financial sector participants are going to front run this?
Do you think utilities are going to blink?
Do you think the price of spot U is going to increase?
Does a bear defecate in the woods?
Cheers
John
Last Chance Under 20c?, page-66
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