Post by
GSTbay1060 on Sep 21, 2024 9:31am
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
Comment by
mary2117 on Sep 21, 2024 6:54pm
I hope the commodity moves finally. We have had so many positive news events that we thought would move the commodity. I don;t want to get my hopes up again and be disappointed. I want to see it move first.
Comment by
GSTbay1060 on Sep 21, 2024 9:18pm
I too am feeling cautious.. I sure would like someone to post a bear case for the sector. However one based in FACTS not negative rhetoric.. We have a boat load of bashers here. But strangely they haven't posted much lately. glta dyodd