PEN 3.64% 5.7¢ peninsula energy limited

James Dines is bullish uranium again, page-4

  1. 110 Posts.
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    Numerco - 26/02/2019
    Spot #uranium 2750/2775 USc/Lb #U3O8 (Unch)

    Hi jogo, the news we’re hearing about the retrace in U spot,, happening due to lack of buyers, basically S232 reccommendations several weeks away,, buyers stalling awaiting outcome,, sellers lowering prices, Kazakhstan still dumping on spot. Once disclosure happened, that’s the time US utilities will be forced to come back into the market. Clarification will be a catalyst one way or another! Remember Cameco has 10 mlbs to buy in of spot this year alone, their inventories are at absolute borderline!!  Oh Kazakhstan not able to fulfill world U requirements long term,, patience needed.  ;-)
 
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