GREY:UEXCF - Post by User
Post by
mangoeon Jun 10, 2020 5:51pm
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Post# 31135847
John Quakes on Uranium
John Quakes on UraniumThis was 1 of several great insights that Mike provided today... a #uranium buyer was forced to borrow 500K lbs #U3O8 from UPC $U & pay US$400K in 4-mths interest due to lack of Spot lbs available. Zero Spot trades last week yet Spot price remains near US$34. An organization has spent $ (expected to be roughly ~$400,000) to borrow uranium from $UPC for four months and there were no spot trades last week; both indicating oversupply is no longer an issue.