Apologies, forgot to add, these 2 videos provide a very good summary. The research note is 25 pages long (which I understand not everyone has time for!)
https://www.youtube.com/watch?v=gfvAIor53Ig
https://www.youtube.com/watch?v=jkGPdd_PZBg[/QUOTE
Good summary of what the likes of Rule, hodge and Akin have been arguing for a couple of years. The interesting part for me is when the U price start moving , what happens if hedge funds /momentum funds jump into the action knowing the supply demand tightness , it could really be explosive. If I run a big hedge fund I would buy up a lot of the supply from 1-3 years and corner the market . You would only need to take out 40m pounds a year to blow this market much much higher