RE:RE:green across almost my entire boardI think people have been expecting a change in spot price to drive up U stocks and are becoming impatient. These are great times for me becaue nothing at all has changed for NexGen - as you say there has been no news so why the fall off? So since nothing changed and the company still has huge upside potential smart individuals will use the Schizophrenia exhibited by Mr. Marke to buy good stocks at low prices.
There has been much discussion about when the market will turn around...there is an especially well written article on sightline that predicts a 2018 turn around. I am more inclined to put this further out at 2020 as that is when the shortages will start to bite and the availability of material will become a problem for many operators who have relied on spot market for too long and have declined the opportunity to enter long contracts.
The wild card in all this is Kazakhstan. I cannot envisage them not using this opportunity to create a shortage to boost the price of their product and the price of the Kazatomprom IPO due in fall 2018. But who knows. Since I am not in the Boardroom of Cameco or Kazatomprom I cannot tell you what they are thinking so I must rely on data and the trends in that data.
That tells me supply is falling and demand is increasing and in an inelastic market where utilities are obliged to burn Uranium or close their multi billion dollar plants.....that means violent price increases are on the cards. I will say once again that every single day that goes but a reactor years worth of fuel is consumed in the worlds reactors and the rate of consumption is increasing if that does not scream price increase at you then invest in pot stocks.
Malcolm