NYSEAM:UEC - Post by User
Comment by
GSTbay1060on Aug 02, 2024 3:24pm
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Post# 36161711
RE:Mike Alkin
RE:Mike Alkin here is where we agree. If there is an economic downturn then Uranium WILL be swept to the curb with everything else.
However do you think utilities will be shuddering nuclear facilities?
The ongoing need for baseload power is constant. We just exist in this market and are subject to its whims..
Uranium and the related equities will go up and down but the fuel that is needed has to show up.
Right now the perception is that it is not needed. This dis incentives development and resource production.
Which only makes the problem worse in the long term.
So yup the sector is DOWN.
For now.
Also if you have any charts that show that the supply will be able to cover demand after 2028 I would really like to see them and the source that created them.
glta
dyodd