OTCQX:PALAF - Post by User
Post by
fredviewon Oct 30, 2013 4:10pm
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Post# 21863139
Low Spot Prices Continue
Low Spot Prices ContinueCameco had very nice results however mentioned the 50 dollar price was as a result of long term contracts. PDN relies as a percentage of sales more on spot prices in 2014. It makes me wonder about cash draws as the low prices continue. Hey, I agree with what you are saying and I am a uranium bull and have loaded up on T.U It has also been a poor performer. Yes we need a catalyst, I think it will be in the form of mine closures, delayed projects etc........all supply side in the near term.