Guess I wuz wrong re:$80 U SORRYWell, $85.00...I'll be the first to admit my previous post was off when I quoted John Embry saying $80 on robtv last week. Who's complaining?
I can't say that I have ever heard of a silent auction for Uranium from a U.S. supplier in order to determine what someone is willing to pay. The sale of 100,000 pounds increased the spot price $10!!! I would love to know who the supplier and the recepient where in this transaction. It almost sounds like a poker match with the suppliers holding all the cards but how long can needy users hold out?
Who else thinks this will open the flood gates for more potential buyers to start accumulating sufficient reserves to maintain full running capacity. If they run out it takes 3-5 times more to restart or open a new reactor. Future sales should only push U prices higher as it seems like there is a definite bidding war going on out there. Next sale @ $100??? Remember it sounds like the annual average will be $100+++++++, this is only the first step. Wait until CCO's $30 U runs out and all those U hungry giants step up to the eye opening spot price of today. They had better start saving up for my retirement.LOL!
Al Gore gave his lecture about "Inconvenient Truth" at U of T tonight in front of a sold out show!!! Have you guys n gals seen that movie!!! I passed it on to family and friends and asked them to do the same.