Uranium U308 Prices Drop to $83/lb, $CCJ Seeks Cash Flow Increase in 2024

Northstar@NorthstarCharts

2 years ago

Uranium U308 prices still dropping (down nearly 7% today to $83/lb) - Proof positive that good technical analysis trumps, so-called fundamentals and narratives which can lose you a lot of money and/or time. Never be afraid to take trading profits when targets are reached #Uranium… https://t.co/hcGKX18Clt

Great news for $CCJ! If they could buy their 2024 spot-purchase needs at this $83/lb price instead of the $106 peak, they'll earn $225m more cash flow in 2024! That's 100% true, yet also ~half a joke. It depends on what term-contract pricing is doing. I suspect it's doing great.

Open Outcrier@OpenOutcrier

2 years ago

$CCJ doesn't loos so good