Offers getting thin and spread widening as the market place is watching SPUT stack significant cash.
Utilities have been doing the buying and taking the price higher now as they MUST to get pounds. But more importantly. They MUST to incentivize production
Utilities have been doing the buying and taking the price higher now as they MUST to get pounds. But more importantly. They MUST to incentivize production
More and more utilities and fuel buyers are now coming to market as many have put off purchases for far too long. Their tepidness of the past two years has had them mostly out of the spot market which many foolishly are still dependent on.
Now they are starting to discovery that they have significant competition not just from SPUT or YCA but other utilities. Quality producers have little long term lbs available to supply the market in 10 year term.
The next wave of the #uraniumsqueeze will be driven by panicking fuel buyers and punctuated by fomo investors that jump back on the Sput $u.u train and also kick it into turbo drive with the $urnm flywheel effect.
As typical with bull markets. Many stock lows made on this wave have been made with low volumes. Demonstrating generally strong hands and a few weak sellers getting shaken out during a new buyers strike.
There will be some dip buyers looking to flip for small gains as prices move back up but the bulk of the shareholders want new highs and will patiently wait for them. The result will be a volatile moves and potentially gap trading days. Violent in both directions
But if things go to plan the upward vol will be much stronger and we will surprise many as we move higher
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