Another question I think needs to be asked of all uranium producers is: have you offered lbs forsale in the uranium market stating that the lbs are only available to be purchased by Utilities?
There is definitely a producer that has done this and since the uranium market is not regulated they can get away with it for now. But, I think it’s important for investors to try to figure out who is playing games in the #uranium market.
In any other market this would be considered illegal manipulation as it creates a bifurcated market and has the potential to artificially inflate the spot market or influence to suppress it when below market dumping occurs in outer years.
Many producers and purchasers also have contracts that key off spot pricing. So, manipulating the spot price can cost buyers or sellers huge sums of money.
Transparent trading is essential and despite the market not being regulated…
Transparent trading is essential and despite the market not being regulated…
Trading in this fashion may still be considered illegal in some jurisdictions. Best check yourself before you wreck yourself!
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