RE: Casey Energy Speculator...for what it's worth in these days:
(...)TENEX, the Russian nuclear agency that controls the Megatons-to-Megawatts agreement,announced this month a “request” to renegotiate the pricing structure of this deal. In other words,they’re no longer going to sell nuclear material from their warheads at the equivalent of US$10/lb U3O8. This is bad news for purchasers like Cameco, but bullish for uranium prices going forward.
Equally bullish news came out of Kazakhstan, which announced that they will have to ration sulphuric acid among uranium producers for their in-situ leach operations. Uranium One has already downgraded its production estimates, and other operators are sure to follow, significantly reducing the great expectations some had put on Kazakhstan to alleviate the yellowcake supply crunch.
(...)
Also, we believe that uranium is a screaming buy once
again.