Cameco shares
has been weak since the news came out about the large uranium inventories held by the American utilities. Poor Cameco was hoping that the utilities would soon need to buy more uranium and sign long term contracts but that is a LONG ways off. Years likely.
And that helps explain the weakness in the spot price and futures market. Uranium has fallen back into the "bleak" category again.
Fission's $10 million loan from Sprott will be long gone (mostly to management) before any life in the uranium market shows up.