Yup; and U punched through the $100 this week.
https://www.youtube.com/watch?v=bfYkzfc3Oz8
Many US U stocks up over 10 % on Friday. eg UEC , UROY etc etc.
Will the ASX U stocks copy on Monday??
Printable View
Yup; and U punched through the $100 this week.
https://www.youtube.com/watch?v=bfYkzfc3Oz8
Many US U stocks up over 10 % on Friday. eg UEC , UROY etc etc.
Will the ASX U stocks copy on Monday??
PEN's price has been hammered by:
1. The SPP
2. UEC ditching the business mid 2023
However once the SPP done this January then this share should rerate.
I like the options on the SPP too.
Cheers
Will check AEEO out. Thanks for recommendation.
PEN up 19% this morning so the broader market realizing that this near term USA producer was undervalued.
Trading Economics U Spot Market data usually delayed a week. Updated today.
https://tradingeconomics.com/commodity/uranium
So good to see the $100 mark broken for the first time since the previous Bull Run in the mid 2000's.
Inflation adjusted, ATH needs still a move to $200.
Key Questions: will the price keep doing a parabolic spike?
or
Trade sideways from here before stepping higher until mothballed mines and new supply come on line as we head into the 2030's?
Big news over the weekend for the US U sector:
https://twitter.com/quakes99/status/1766567700007100628
- Senate Ban on Russian Uranium
- Purchases to stock domestic Strategic Reserves
- US$2.7 Bill to support domestic production.
SLX grinding higher still. Happy to be holding. Could be due a pullback soon though? Not much solid news of late, and still a longish timeframe ahead to commercialisation, all going to plan..
Paladin PDN climbing steadily in to bubble territory. I am waiting for a retracement before topping up.
Given zero carbon baseload Uranium powered Nuclear Energy has Zero coverage in NZ from our renewable ESG focused Government and their funded Media this is worth a watch for those of us kiwis invested in the Uranium Supply Demand narrative:
https://www.youtube.com/watch?v=iHGJzfFLYNA