RE:NXE news@ TELEMARKER - The purchase makes sense. NXE needs some inventory before it begins knocking on doors to sell Arrow pounds to prospective utilities. A prospective utility needs to be 100% sure that NXE can deliver uranium before it commits to buying from a start up. With some inventory on the ground NXE can seek to assure a utility that it won't get stuck and need to scramble to keep its reactor running.
On top of that, is uranium likely to go down in price given the growth the industry is seeing? Probably not too likely.