RE:RE:RE:RE:RE:RE:Is the Spot Price dead? They may not be. I think the spot market supply is coming from enrichers although that is very hard to tell. There is no doubt that the Kazakhs want a higher price for their Uranium but they also need to generate revenue to sustain their operations so some of their material is still likely making it to the spot market. Another thought that I had a while back is that the Kazakhs may want to put as much economic pressure on their #1 competitor (which is Cameco) as they can. From their perspective Cameco going out of business would leave the market wide open. It may or may not be part of their strategy but who knows. I have not seen a firm date for their IPO. All I know is that it is likely to be issued on the London Stock Exchange but when I do not know. I don't think that it will occur until the spot price is above $50. I wish I knew the answers to your questions. One part of me thinks a big price rise is imminenet. The cautious side of me thinks in is a couple of years away.
Best to position yout portfolio for both scenarios.
M