Wow, there
sure is not much volume here in the past couple of days. At least in comparison to some of the other uranium plays.
I wonder what that means. I would have thought that with the increase in spot price something a little more active would be happening around her.
As much as there seems to be a a fair bit of pessimism around here, I don't think it is really at the bottom yet just because there seems to be so much positive things being but about. I think that a company like Cameco etal still needs to go out of business before this thing comes around.
In the meantime it appears that the Kazpatrons and the the rosamatrons. have the market cornered with their 40 to 60 % control of the market and these guys are being state subsidzed to boot. So no matter how much Cameco et al cut back they can always play the low value card until the western companies go bust.
The oversupply, I suspect will dissappear once the western mines fold. Maybe that is why credit Suisse is giving such a long outoward idea of oversupply.
I think I am a bit neagative today.
TN