OTCQB:UEXCF - Post by User
Comment by
mangoeon Mar 10, 2020 5:33pm
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Post# 30790473
RE:Save Canadian Mining Discussion
RE:Save Canadian Mining DiscussionI have watch oil price rise and crash 100 times since the uranium accident in Japan, while uranium price remain in the gutter, and we all hear about more demand and not enough supply of uranium available in the market with the closing of various uranium mines, and many nuclear reactors being built.
I have also watch videos with educated people who know alot more about the uranium sector says that this commodity does not trade like other commodity (and this is the problem) where you have LT long term contract is being sign in secret higher than $32.00 per lb but it is not announce to the public, only the lower LT long term contract price is reveal to the public. These ancient laws that allow these practise need to be updated .
This uranium sector need to be regulated with modern laws that is very transparent to the public and investors where nobody has an advantage, clearly the current status with these ancient law is benefiting some institutions and punishing others like shareholders that invest in mining companies.