NYSEAM:UEC - Post by User
Comment by
Kangaroo123on Sep 13, 2023 8:20pm
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Post# 35635071
RE:😃Hey! I learned something new this morning!ðŸ§
RE:😃Hey! I learned something new this morning!🧠John is a very reliable source of data and well worth following on Twitter. We have both been pounding this Uranium drum for years now. It has been and still is my view that when the large capital inflows start to move into this sector it will cause a dramatic rise in both the price per lb of Uranium (driven by PFYN, YellowCake and SPUT amongst others) as well as the value of stocks in the U sector. The flow of institutional money...especially from hedge funds...into this very small sector will have an outsized effect on stocks and the base metal price. The utilities have been warned this was coming for years and rested on their laurels. The days of cheap Uranium are over and it is about to become very very expensive. But as many have noted before you either pay the price or you shutdown a multibillion dollar power plant. I would not like to be the fueling engineer that has to tell the CEO that he has to shutdown reactors because there is no fuel. I think they call that a "career limiting move".