RE:RE:RE:RE:RE:Cameco Seasonality ChartYes with the spot price moving up one would think Cameco would follow. IT WILL. In 2007 they were all trading at about 17 a pound for every pound they had in reserves in the ground. Cameco with about 500 million pounds will have to follow the spot price here soon. An increase of only 2 bucks on spot increases the value of Cameco about a billion minus cost fo production. As this gets going I expect the market to value them this way again.
The CRA decision will lift the cloud from Cameco with a quick correction in price then move higher putting it to rest in the past. If the decision is fair for Cameco then I expect no correction and it just goes up instead. Wall Street loves to play this stock and control it with 4 to 5 times the volumes traded on the NYSE compared to TO
Soon they will run it up again but it seems like they want to hold it down as long as possible as spot slowly creeps up. As one said here getting to be like a coiled spring. N3