I forgot to add others buying U which is and will impacting on the price, Yellow Cake has 5% of the world supply locked up and has cash to buy more Link
A little less than the £156m they raised to buy more perhaps allowing for costs. It is still a lot removed from the market by investors in Yellow Cake who clearly think the numbers are about to be significantly better than today's prices
The link below says funds not just Yellow Cake.
"Big funds are being established to hold physical U3O8, removing more supply. And Cameco is buying large volumes in the spot market to fulfill its contracts. Against all of that, demand keeps rising." Link
"Cameco is buying 10 million lbs. of U3O8 in the spot market this year."
I forgot to add others buying U which is and will impacting on...
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Last
5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $274.0M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.9¢ | 5.5¢ | $1.879M | 33.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230880 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 277792 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
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