NewswireToday - /newswire/ -
Sarasota, FL, United States, 2007/01/20 - According to Friday night’s Nuclear Market Review, published by TradeTech, the weekly spot uranium price indicator is still stuck at $72/pound. Cameco Corp may break up the stalemate when the company announces ‘company developments’ on February 7th.
According to Treva Klingbiel, editor of TradeTech’s Nuclear Market Review, the weekly spot U3O8 indicator stalled at $72/pound for the fifth straight week with no transactions taking place (uranium.info) this past week in either the spot or long-term uranium market. She explained, “Buyers are finding it increasingly difficult to locate willing sellers, as sellers grow increasingly confident about continued price increases.”
In the financial news website’s weekly commentary on the spot uranium price, StockInterview.com reported, “Like Washington Irving’s fictional short story character, the spot uranium price has taken a snooze.” Editor Julie Ickes added, “We suspect transactions may pick up a bit through the week of February 7th as nervous buyers and confident sellers hedge their bets on Cameco’s Cigar Lake update.”
That is the day Cameco Corp discusses the company’s fourth quarter financial results and company developments. No mention was made about an update on the company’s Cigar Lake uranium mine flooding. StockInterview wrote, “It doesn’t take a rocket scientist to figure out the specific update investors will mostly want to hear about is the remediation progress at the company’s Cigar Lake uranium mine in Canada’s Saskatchewan province.”
To read the article entitled, “Spot Uranium Price Does a ‘Rip Van Winkle’ Waiting for Cameco,” please visit the website.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, the environment and the natural resource industry. StockInterview.com has rapidly become the most popular website on uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
The 304-page trade softcover edition of “Investing in the Great Uranium Bull Market,” is available online by visiting: bookstore.stockinterview.com
TradeTech’s Nuclear Market Review publishes the consulting firm’s weekly spot uranium price indicator on Fridays. TradeTech posts changes on the weekly spot uranium price at uranium.info