Resistance to Long-Term Price Slide

CHRIS THOMPSON, Haywood Securities
"Since the spot price for uranium reached a high of $136 in mid-June, it has been a rather steep and rapid slide to the current $75 level (a 45% decline). However, the long-term contract price has resisted both the rapid increase since late February and the rapid decline since mid-July. With a potential bottom in sight, sale transaction volumes growing and market fundamentals holding firm, many are wondering which way to look among a dearth of oversold uranium producers, developers and explorers."(10/03/07)


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