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Bullboard - Stock Discussion Forum Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling... see more

TSX:CCO - Post Discussion

Cameco Ord Shs > Spot uranium is $91, which is the price Cameco based their
View:
Post by PulpCutter on Mar 08, 2024 1:56pm

Spot uranium is $91, which is the price Cameco based their

2024 projections on, in the most-recent MD&A.

If Cameco actually IS over a barrel, with respect to being over-committed beyond what they can produce, they'd be in the spot market right now, picking up the 2-10 million pound that various pundits have claimed Cameco will be short.

The fact that Cameco is not buying suggests those pundits are exaggerating, and that Cameco told it straight, in the latest MD&A, when Cameco said it was not a significant problem.

Comment by topview on Mar 08, 2024 3:09pm
As I understand it...you can buy U on the spot market, but you can't buy alot.  
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