GREY:UEXCF - Post by User
Comment by
rovaniemiroveron Feb 26, 2020 9:25am
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Post# 30734841
RE:Nymex futures
RE:Nymex futuresthere will be no significant move in any of the share prices of uranium stocks until uranium spot price moves north of $30/lb. anything less than that is just noise, which we have seen many times before over the past 3 years. there needs to be a DEFINITIVE move higher in prices before the stocks will really respond. UEX was trading significantly higher than where it is today (100% higher) at weaker uranium prices, and so this is telling me that there is no belief by market players that uranium prices are actually REALLY rising with any sustainability