RE:came co....lol.Cameco is booked 5 years ahead for many of their pounds. And their current forecasted profits look like this:
https://www.cameco.com/invest/markets/uranium-price-sensitivity
That's a problem because they make maybe ~20$/ of profit per pound (assuming production in 40s). At the same time they're short and bought several million pounds at 100$+ per pound in Q4, 2023 (according to their earnings), and need to buy another 2M in 2024, which means they're really not making that much money, while selling many millions of pounds. Seems very inefficient to me. In fact, yes, they're adding certainty for their books, but if they have to buy millions of pounds in the spot market at very high prices, they shoot themselves in the foot as the prices spike up.
As well, if the price does increase to big heights over the long-term, their future contract ceilings always lag.
They're really are not managing this market well IMO. Their strategy was good in a down-turn but not in up-turn.
CLOUDER wrote: Well Cameco, i just saw a podcast that says that CAME CO is a very bad uranium investment with a turbo charged spot uranium price. It seem that cameco is booked up (maybe to booked up) at a very low price , it is like they have HEDGED UP there future, and they might have sold to much (like they have so far at this said LOW PRICE) then they will have to use what profit that they are makeing to buy and cover there contract in the SPOT MARKET, like they have been doing. PS, WOAH TO CCO, and it`s shareholders. this will be interesting to see. PSS, in a skyrocketing term and spot price, you do not want to hedge at the bottom,imo. and his.