U3O8 Uranium.

[mistymountain]

$74lb the price just keeps ticking higher... $100 in the sights

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??

[mistymountain]

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

[JBmurc]

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??

added more AEEO to the pile with two U308 projects could well double next couple of months certainly T/O target

[mistymountain]

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.

[thedrunkfish]

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.

My only concern with PEN is the large contracts in place at lower prices, from memory nearly half of the lance resource.

In the long term nuclear isn't going away.

[mistymountain]

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?

[mistymountain]

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.