Originally posted by AverageJoe
My views on U has not changed based on an isolated off take price much higher than current spot. I’m more likely to as why Cameco closed the Cigar lake operation. They have much more intimate knowledge on the workings in this sector.
So far post Fukushima and the 7th year counting, what has changed in terms of alternate fuel source? Still an abundance of demand and supply for fossil fuels, climate talk fest is just that and you have a scepticsl POTUS. The economic growth in coming into question largely whether Feds can continue to jackbip IR. 2018 was a good response Feds push too hard.
If I was a patient investor with some lazy excess funds I might contemplate but I can see BEV with an immediate potential experiencing childhood pains.
PDN chart to date suggest bottom trawlers are continually getting opportunities in a trading rather than investing mindset. There is plenty of time to let the horse bolt first rather than trying to be right.
Good contribution, i always enjoy challenge from an alternative view. After all that is Dalio's key principle; thoughtful disagreement
Suggest have a read of this paper, which highlights China is building 345 Nuclear Reactors (Came out Late 2018). Jiang is the Director of Chinas NDRC.
https://www.sciencedirect.com/sdfe/...27817301181/1-s2.0-S1674927817301181-main.pdf
There is another paper that says China needs 1.47 billion lbs of Uranium to meet needs. They don't have grade, access and call out Uranium as "more serious than oil" I will find the paper.
in one instance, China bought 140m lbs in 1 month. When it happens, it happens fast.
Allot of smart money is soaking up PDN weakness. Have a look at Emecos chart once the Bond sellers, sold out, it went from 32 cents to 80 cents in 1 month. Then went on to return x1000%
(20min delay)
