Agreed. Remember that the Spot price actually has little relevance to the price at which producers can contarct out there supply. If spot hits 40USD a pound id say many nuclear power companies will start entering into contact negotiations with producers like PDN, Cameco etc. And the power will be in the uranium producers hands. A spot price of 40USD could mean producers demand 60USD a pound for 10 years etc. Obviously they won't contract out all their supply, but definitely a little too get production and cash flow going again. Spot prices will then rise as news filters through that uranium buyers are begging for supply then my friends we have a raging bull market.
Ann: Appendix 5B, page-6
-
- There are more pages in this discussion • 3 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 PDN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.20 |
Change
0.460(5.94%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.32 | $7.90 | $30.65M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 2649 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
