RE:RE:let's be honest people, quakes, malcolm, etcExcellent way of putting it GreenDay. People like BullMan and Dreamin think Uranium behaves like every other commodity. It is not inventory that moves this market but security of supply. When the utilities realise that they will not be able to buy Uranium for their future needs the herd starts to run. Mike Alkin says that a catalyst is usually necessary to start the Bull running and we have not got there yet. My guess 2020 but we will see. Market has already hit the inflection point. A good time to build and increase positions.
Great post thanks
Malcolm
Greenday wrote: @ bull_man - Have you been to gas station recently and tried offering it's owner 20 cents for a litre of gas? Have you treatened to walk across the street to his competitor if he didn't sell you gas at 20 cents a litre? Chances are he'd laugh in your face and tell you to go across the street that's what's going to happen when the utilities start trying to buy uranium at prices below the major producers cost of production.
All of the things you mention are going to put the squeeze on utilities when the contracting cylce begins and if you've ever sold commodities you'll know that there's a herd mentality to it. One of the big players makes a large buy and then everybody gets scared and rushes in because they don't want to be left out. It's very much like the equity market except that we know that NPP's burn fuel and that sooner or later they have to start buying. Better to be in before the herd gets scared.