U3O8 Uranium.

[karlos68]

uranium stocks getting a bit of interest again, has the cycle turned?

I'm picking it's going to be all on showstring.

Monthly Spot Price U308 chart shows Uranium nearing pointy end of Descending Wedge.


Attachment 9061

[Joshuatree]

10 year bear for Uranium prices but it looks like the bottom was in 2017 .Current price $23.25 lb. Soph investors starting to take positions?

[shasta]

Uranium supplies starting to tighten up for the first time in a long time, must start to move the price up soon, so am keeping watch of VMY in the sector.

[JBmurc]

Uranium supplies starting to tighten up for the first time in a long time, must start to move the price up soon, so am keeping watch of VMY in the sector.

Yes I've got ACB on my watchlist ....

[Joshuatree]

Watching what CCJ Cameco will do with their Mc Arthur River op.if they decide to keep it shutdown the spot mkt could really takeoff is what im reading.

[Joshuatree]

First dip in today got a few PEN @ 28c and PDN too.

[Joshuatree]

Cameco reports second quarter results and its decision to suspend production ..

First duck lined up to increasing price of U. Mcarthur River and Key lake suspension continues, with 550 employees let go.

[Joshuatree]

In response VMY up 10%
PEN and PDN both up 8% atpit
Uranium up a tad to $24.15
A good start guys

[Joshuatree]

And today VMY up re 16%
PDN up another 8%
PEN 3.3%. there is still an overhang of shares to get rid of so this is arguably the best buy
ACB still not moving JB

EAAASSSSYYY money folks

[Joshuatree]

Whoops i mean PDN has the overhang not PEN.

"CCJ is telling the market that not only have they taken 18m lb of production from the supply side for an "indefinite period" they are now also acting on the demand side by buying 2-4m lb in the next 5 months of 2018 and 9-11m lb during 2019." Ding!, has a light blazed on yet , the mkt just waking up

As always DYOR