GREY:SXRZF - Post by User
Comment by
wavepsycheon Mar 16, 2011 12:00pm
329 Views
Post# 18293213
DML now green.
DML now green.UUU will trade violently with the news. I'll be watching the IAEA closely to determine my next move since CNN or Reuters (despite being current) may not have the latest development or confirmed status ... not buying, not selling either.
https://www.iaea.org/newscenter/news/tsunamiupdate01.html
For what its worth ...
Desjardins Securities Inc. analyst John Redstone offers a slightly more optimistic stance, “What is called into question is the potential acceleration of uranium demand – i.e. the construction of new reactors that have not already been announced…We continue to believe that demand will slightly outstrip supply though 2012, taking prices to $80 (U.S.) per pound. Furthermore, we maintain our long-term uranium price of $60 (U.S.) per pound, which we believe is necessary to bring new mines into production.”
Some analysts expect share prices for uranium mining companies to bounce off sharp declines, only to see further waves of selling, with junior miners and explorers likely to underperform for an extended period of time.
Uranium Industry Bracing for Aftershock of Quake
glta (u longs)