RE:RE:RE:RE:RE:GXU milestones have little to do with GXUs current priceNever I thought the move from Cameco would be the start of the major rally. Closing a mine that can restart in matter of months cannot justify the spot price to go to 100$. It is the accumulation of many mine downsizing and reactors coming online that will drive the spike. Sure, at some point an event will trigger it but we are far from it. Honeywell closing its UF6 factory is also good, the sum of all this small news will take us there. 2 years, 3 years...who knows? Make sure you accumulate shares of serious companies and our time will come.
MajorityMob wrote: Futures are down another $1.85, clearly the market doesn’t think that CCJ’s cut was enough to sustain a rally. I own 100k shares of GXU at a relatively low average, all I can say is that we should have a little more time to accumulate. We should see the CCJ impact once they start to source from the spot market, but I don’t expect to see that happen until well into next year... they have to sell inventories first, and they are sitting on a lot of them at the moment. Once they are drawn down it will be a game of CCJ buying spot and Kazatomprom selling to CCJ. That’s when sht really gets interesting. For now I think prices will fizzle back down.
I hope the market proves me wrong.