It's official.There is no bull market in Uranium. Not a single person has answered the challenge and come on here and posted geniuine evidence of a bull market. All we have seen is wishful thinking and hope and Quake like dreams.
The market knows that there is a lot of secondary uranium out there. So do the utilities. That is why they have remained invisible. They do not need to chase spot market supplies.
Everyone points to SPROTT and other firms buyinig physical uranium and how that will impact spot price and create a bull market. Long time holders of FCU shares know very well how those kind of "wishful catalysts" have played out. All have come and gone with absolutely no excitement in uranium shares.
Cameco is trading like a piece of manure. Any gains are wiped out quickly.