NYSEAM:UEC - Post by User
Post by
GSTbay1060on Sep 21, 2024 9:31am
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Post# 36234523
This weekend
This weekend Many folks will be pondering the future of the Uranium market. We continue to have a flood of good news, example, Three Mile Island restart.. Now I view myself as an optimistic person. But NEVER did I think that TMI would ever restart!!!! NEVER!!! In having this come online by 2028 where will they source the fuel?? Can they share with other reactors??? Do they need an initial core load of three times yearly consumption to get started?? They are a big player and I am quite sure that they have already started looking for suppliers.. So why hasn't the commodity price moved???? The cycle of buy starts mid October when fuel buyers are allocated their money.. I wonder if they are getting ready for a change.. In the past they have been in control due to the over supply. Now with a structural deficit, growing demand and geopolitical tensions one would think they are seeing that their path to a secure supply of fuel is more tenuous today than ever. So when the fuel buyers , or sprott or other institutions come into the market this will get much more interesting. Till then I remain optimistic. Oh I forgot about the shorters, do you think they feel good this weekend waiting for the markets to open Monday???
glta
dyodd