3Yr·

$UEC (-3.28%) do any of you know what is happening and why it shoots so high haha📈📈📈📈

11 Comments

SanSebastian@WarrenamBuffet

3Yr

The whole market? ;)

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Atzidis@Atzidis

3Yr

@Dreamliner haha you're right everything looks quite strong just thank you

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Gerit@Gerit

3Yr

I'm not sure, but I think I read this week that the Nigerians have raised their uranium selling price from $0.80/kg to $200/kg. I guess they are selling a lot on the market and maybe this is now going through the whole industry??? 🤷🏼‍♂️

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Atzidis@Atzidis

3Yr

@Gerit hmm makes sense thanks for the info I did not even know 🤝

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KevinE@KevinE

3Yr

@Gerit Factor 250?!

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Gerit@Gerit

3Yr

@KevinC

The military took over, too, didn't it? Politically quite difficult patch of earth.

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KevinE@KevinE

3Yr

@Gerit It's just hard for me to imagine that you can still be competitive with it.

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Gerit@Gerit

3Yr

@KevinC

if you control a large part of the market and there is more demand than supply, then competition doesn't matter, right? 😅

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KevinE@KevinE

3Yr

@Gerit But with such extreme price increases, this will never work in the long term. When horses died because of a volcanic eruption, bicycles were developed. It will develop similarly with raw materials.

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Gerit@Gerit

3Yr

@KevinC

You're probably right. I'm curious anyway how the situation will develop down there.

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Nael@MNG

3Yr

The ECB has indicated that this could be the last interest rate hike for the time being. In addition, the euro has lost a lot against the dollar, which is why the value of U.S. stocks (in dollars) increases when you look at the value in euros.

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