RE:RE:Spot 23.50I agree Giganta. I do not think the buying pressure is quite there yet...let's give it another year or so. The uncovered requirements are the best guide that is when utilities will either buy up all they can on the spot market or lock in contracts for multiple years. Those contracts are going to cost them. Producers just will not sign in the 30 or 40 dollar range. Might happen sooner but we are not yet seeing the buying activity that will propel the Uranium price and related stocks to new heights....not yet anyway.
Gigantapithic wrote: Spot was in that range November 2017 - January 2018 as well, there has to be an expectation that it will keep going to fuel a decent move. Simply saying $23.50 should equal X in FCU isn't really all that fair since it's the movement and momentum that will fuel an equity rally.
Both in 17 and 18 the price moved up around $26-$27, the latter being in 2017 and FCU topped out at $0.89-$0.90 I think.
So I think we need sustained upward pressure to make a substantial move.
Additionally we've got URA selling (and buying a little) to reduce their FCU exposure (in addition to other U companies) substantially which will mute any spot price motivated rally... For now. One they're done it'll be interesting to see how the equities respond.
alibongo888 wrote: Last Time Uranium Spot Price was at $23.50... Jan.- Feb, 2017. FISSION: Was Trading in the $0.80 to 0.90 range and that was before the increased RE. So what's the thoughts on where we should run to ?