$43.50 trades so we are in the $43-44 range now thought we would slip to. Next question is does sput get back to premium here and we find support or will we slip to $41/lb which I think is the back up the truck point for many traders.
I bet someday we may learn that some utilities have played games agreeing to sell some lbs to and fro at month end to mark the price down and save huge dollars on long term contracts that have spot based pricing at time of deliver
All producers should be looking at the marginal cost of production now and demanding hard floors at that level. $cco $KAP should use their positions of power and stop selling lbs with low priced contacts and giving away massive upside
I couldn’t give a shit what $cco says on their conference calls. What matters to me is the contract table they post in their filings. If I worked at a mining company and assembled that dog shit contract booked I’d be embarrassed.
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