agree with Mossberg. Uranium is probably quite an assymetric trade, and that has been demonstrated pretty clearly during 2018 as base metals prices got smacked while Uranium prices steadily ticked higher.
I expect that regardless of what happens in global fin markets nuclear power plants will need to recontract their uranium supply and the will be few producers willing to accept anything less than 50USD a pound. A bidding war is also likely given that demand well and truly outstrips supply.
To quote Rick Rule - either prices go up or the lights go out.
agree with Mossberg. Uranium is probably quite an assymetric...
-
- There are more pages in this discussion • 1 more message 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 |
