OTCQX:PALAF - Post by User
Comment by
notBuffeton Apr 30, 2014 1:12pm
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Post# 22508158
RE:Cantor: Uranium prices are set for a violent move higher
RE:Cantor: Uranium prices are set for a violent move higherHmm... where did I read this before? Let me see... Oh yeah, from Robert Chang (who works for Cantor Fitzgerald). They've long looked to 2014 as the turn around year. Untrue. They said the same thing about 2013 (see below). I guess this time next year they'll be saying "we've long looked to 2015 to be a turn around year for uranium..."
Jan31/13 quote;
"If anything, we see the $40 spot price as the marginal cost point and effective bottom. I fully expect to see a gradual increase, with perhaps some intermittent, news-related jumps"
"We believe that 2013 is a catalyst year for the uranium market. This is the turning point"
(https://www.theenergyreport.com/pub/na/rob-chang-is-2013-a-catalyst-year-for-the-uranium-market)
Hockyguy has been shut out. Off to the penalty box for pumping!
;)