RE:No way that's correctpreciousminguy wrote: ...secondary supply will dry up due to Japanese restarts also. Not falling for the propaganda!
I am long on uranium stocks, a little overweighted in my portfolio but recently, I have started to see my optimism shrink a little. What scares me is that we see not much activity on the japanese side. Yesterday, I was reading an article that 2 reactors were given approval, the first ones from TEPCO, the company that owns the Fukushima plant, and it said that restart will not happen before 2020, if it happens.
I don't know what the japanese have been doing with their long term contract. Let's say that most of them are still honoring their contracts and have been piling up since 2011, added to the fact that not all reactors will be back online (some did not pass the security audit), then there will be a huge stock pile that will take a long time to burn.
I like the expression "It is always darker before dawn", I have been repeating it in my head quite often lately.
Any comments?
Good luck to all