RE:RE:RE:New presentation by Bannerman provides U Bull Case well...Anybody here got access to the current Volumes i.e. lbs U308 traded on the spot market? The presentation barchart that displays spot and long term annual volumes traded demonstrates that in the past annual volumes traded on the spot market totalled between 15 and 20 M lbs.
All I can find is what we see reported at FNArena. For example the latest numbers transacted were 1.2 M lbs and it seems that weekly volumes for the last year or two have averaged between 800 k and 1.2 Mlbs. And I believe they reported March as the biggest volume month recorded. At those transacted weekly volume rates about 45 yo 50 M lbs is being traded on the spot market annually, two to three times past hsitprical averages. The utilities are filling their needs on the spot market.
We hear from Cameco that the spot market is barren, they could find no pounds to buy.
Who is selling on the spot???? Gotta be a state run enterprise - no one else can afford to loose money.
B2S2