GREY:SXRZF - Post by User
Post by
LongoGlueStickon Nov 14, 2007 7:30pm
536 Views
Post# 13809175
Froneman on BNN says...
Froneman on BNN says...- Acid issue is temporary, they have a senior UUU exec. in Russia looking into more acid.
- There is a global shortage of acid which effects all U producers.
- Felt confident that UUU would meet its revised production targets.
- Said that news laws in Kaszikstan are aimed at ONE company in particular, not UUU and not Uranium producers, and he mentioned that the government is a partner with UUU. They have had high level talks with government officials.
- Said UUU realized a $115 dollar spot price last Q. All Production is unhedged.
- Said UUU would have no problem selling to existing contracts as a result of shortfall and UUU will NOT need to buy uranium at the market to fulfill these contracts.
- Said he sees a $150 spot price for Uranium.
- Said that UUU will only now release material information and that he wants UUU to act like a senior company.