NYSEAM:UEC - Post by User
Comment by
GSTbay1060on Jan 19, 2024 10:15pm
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Post# 35836998
RE:W.I. latest
RE:W.I. latestoh my!! The guy who said a few months ago there were a BILLION POUNDS coming to the sector , when Uranium was around $60 or $70.. Where are we now???? Can we get some selling short term by traders to SPOOK RETAIL??? Yup!! Just look at the fundamentals.. Will Uranium go to $2000 per pound?? I doubt it.. but a spike above $200 is getting more and more likely!! You see the news.. more reactor builds announced.. more Japanese restarts... more life extensions .. smr progreesing through the design stage.. maybe a Russian ban to supply the USA?? Yes this week was weak.. Maybe next week will be weak??? But fuel is being burnt and needed at greater volumes... conventional mines are years away from production.. With no under feeding, no megatons to megawatts and no sea water uranium extraction currently viable where is supply coming from?? And why would you sell today if the price is higher tomorrow??? Well maybe if you need the money to pay for the infrastructure of a new mine on property you own 100% ????
glta
dyodd