Paladin Energy Ltd PALAF

U spot dying

[notBuffet]

U spot down to $30.05; lowest it's been in 9 years with little reason for it to stop the slide. The below mentioned table shows you sustainable Uranium spot prices well below $20 from before 2005. All this talk about the current spot price being above the cost of acquiring the resource is nonsense, the stuff of fables; a MASSIVE con played by the industry on just about every investor. Were companies working on a voluntary basis out of the goodness of their heart before 2005 or could they turn a profit at a $15.55 spot (as they did in Jan 2004... it was MUCH LOWER before that). See historical monthly spot price at https://www.cameco.com/investors/markets/uranium_price/spot_price_complete_history/ Fuel prices, salaries and cost of living, they have all gone up. BUT, the ridiculously high grades being mined by the big players MORE than offset this. They can make plenty of money at even lower spot prices. It's the U bubble which spawned all of the juniors out there who found low grade mines and fooled investors into thinking they were worth something. Those companies are currently receiving Darwin awards and are dieing off. Additionally, there are reactors being decommissioned in North America. The NAIL in Uranium's COFFIN; all the hope pegged on the nuclear reactors being planned in China, well, you might want to watch this video about all the "Ghost Cities" being built in china; with hardly anyone living in them. https://youtu.be/GpnoPhY1f70 I'd sign off with the old "do your own due diligence", but with mainstream media typically being polluted by industry insiders, it's next to impossible to.