Is anyone able to keep up with the number of companies that are claiming to be into uranium? I read that it had expanded from something like a few dozen to a something like a few hundred in about two years.
It's reminiscent of the South Sea Bubble, except that underneath all the fluff and foolishness there is something really there, whereas the South Sea Company was the almost-worthless foundation of the proliferation that rose over it. Cameco Corp can hardly be called worthless.
I am increasingly thinking that what will put an end to all this will be nationalization of uranium production. As soon as either Canada, Australia, or the United States does this, the others will follow, and this will centralize production. Happily all three of these countries are constitutional democracies, so there would be more or less fair compensation if it happened. I think that the spur to nationalization will be hoarding by funds and possibly some very wealthy individual persons.
But if this happens, it ought to be possible to see it coming, and it won't mean expropriation--just a buyout.
Meantime, qué sera, sera. |
