OTCQB:UEXCF - Post by User
Comment by
rovaniemiroveron Nov 23, 2020 12:11am
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Post# 31950426
RE:John Quakes on Uranium
RE:John Quakes on Uraniumhow does anyone know that the draw down was 30%? in the last 12 months? and only 2.5 years of inventory remaining? Cameco, who should know the market for uranium, the buyers and sellers, better than anyone, commented that they would be purchasing in the spot to fulfill contractual obligations (2Q2020). Then an about face following 3Q2020 earnings, announcing the restart of Cigar Lake because no pounds of uranium available on spot! so, how does anyone know, really, with any kind of precision, what is going on in the uranium market?