2020-2022 the uranium supply and demand curve is predicted to cross back to uranium defecit.
Look at Copper price as a guide to market behaviour in the transition from over-supply to defecit. Price is the mechanism to correct supply imbalance, the current weak price means projects are delayed. Delayed projects mean that supply corrects. Supply defecit means that price will go up. If TOE can hang in for another year or two the project will get funded and hit production at the right time (supply defecit).
As we get into 2019 Uranium price IMO will move substantially and I hope TOE is there to see it.
Management must be so proud, page-7
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TOE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.25M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 27.0¢ | 24.5¢ | $62.44K | 243.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27122 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 178293 | 1 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| TOE (ASX) Chart |
