NYSEAM:UEC - Post by User
Comment by
Edrusty1on Apr 21, 2023 1:18pm
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Post# 35407595
RE:RE:Cameco contracts
RE:RE:Cameco contractsMy point is, there is no supply crunch if major producers that are profitable at $50-$60 produce/ramp up production and sell into the market. The spot price of oil is set by the market, but heavily influence by for example OPEC right? I keep hearing and reading about how a major supply crunch is coming, and how the price is going so soar, but months and I guess years go by and in the mean time keep getting news saying Cameco has signed contracts with Ukraine, Bulgaria etc etc. Did the U bull market peak in 2021 and now on a downward trend?? I see some pumping stocks like FUU as it's price is relaitvely low and a couple pennies give huge % increases....but crickets when it drops and basically stays at the same level. Most juniors seem to be going nowhere fast. DML reported some fairly good results the other day and dropped.We're waiting for any or all of the catalysts to actually do something or else they're not catalysts at all....