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re: Uranium>Silver
Posted on 9/3/23 at 2:44 pm to igoringa
Posted on 9/3/23 at 2:44 pm to igoringa
Cameco missing 23 production targets
This will be interesting. I own a large slug of Cameco so not a fan, but bigger picture I think it highlights the supply risk related to the resource which makes the imbalance between supply and demand that much more acute. Particularly if Cameco has to go to market to procure the shortfall.
Juniors and others really should take off soon (famous last words)... and this accelerates it IMO
This will be interesting. I own a large slug of Cameco so not a fan, but bigger picture I think it highlights the supply risk related to the resource which makes the imbalance between supply and demand that much more acute. Particularly if Cameco has to go to market to procure the shortfall.
Juniors and others really should take off soon (famous last words)... and this accelerates it IMO
2
Posted on 9/3/23 at 4:43 pm to igoringa
One of the triggers for the last bull run was flooding in one of Cameco's mines. Arguably the start of the run this year was Japan committing to nuclear plant reopenings.
The instability in Niger and Cameco missing targets could be shock waves this time. Hard to guess but afterwards people will pretend the cause and effect were obvious and/or inevitable.
It doesn't seem clear Cameco will have an easy time making up for a shortfall from the spot market. That supply seems pretty dried up. Especially because one of the former suppliers was Japanese reserves. Japan has converted from a supplier to a consumer since committing to more restarts.
The instability in Niger and Cameco missing targets could be shock waves this time. Hard to guess but afterwards people will pretend the cause and effect were obvious and/or inevitable.
It doesn't seem clear Cameco will have an easy time making up for a shortfall from the spot market. That supply seems pretty dried up. Especially because one of the former suppliers was Japanese reserves. Japan has converted from a supplier to a consumer since committing to more restarts.
Posted on 9/4/23 at 5:15 pm to igoringa
Interested to see how the market absorbs this in the coming days. It’s been a strong few weeks... could this be the week sprott gets a large bid?
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