Cameco Ord Shs T.CCO

Dreamingthe dream Doesn't like Uranium

[gizard16]

Dreaminthedream wrote:Those of you who are convinced that demand for Uranium is outstripping supply, thus causing a bull market should have a look at the oil and gas sector for a comparison. Oil and gas have been stuck in a bear market for years and there is no sign of a turn around. There is no shortage of either.
The same holds for uranium.

The Uranium spot price supports my view. So does the futures market and the trading action in Cameco shares. And FCU shares are heading to under $.20.

NO BULL MARKET in sight. Some of you have been sucked in by Quakes, Rule, Chang and Talbot.

[Thisisfunstuff]

https://markets.businessinsider.com/commodities/uranium-price $40.00 next stop

[LeoSeducer67]

There is a huge amount of oil and gas on the market. As nobody using it....it will sit. Uranium stockpiles are depleted and if we can't supply what is needed. your comparison is not correct

[TickerTwit]

What makes you believe "uranium stockpiles are depleted"? Every WNA supply-and-demand study includes a caveat of the general form "stockpile data is not available to us due to commercial sensitivities". Don't get sucked in by the uranium whisperers who have been orating since 2015 of an imminent 'market explosion'. Stockpile data isn't available to them either.

[Stratocheif]

Yes i agree. The uranium market is the least transparent market out there. From what ive heard all US utilities are still well stocked with their 3+ year stockpile and in no imminent need to buy. And if any are looking at loading up they have the likes of yellowcake uranium participation corp and a host of other speculators who loaded up at $20 uranium and are now willing to sell at 32. Not saying

[hark8]

Lukas Lundin has a significant shareholding in, and is represented on the Board of Directors of, Denison.