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Gold/Mining/Energy : Uranium Stocks

URNM 58.60

-2.5%

Dec 5 4:00 PM EST

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To: lowerSharpnose who wrote (9693)	3/30/2007 6:46:08 PM
From: energyplay	Read Replies (2) of 30199

Uranium auction - Note that many Uranium buyers are exempt from anti-trust laws, or have governments that will look the other way. I would not put it past some of the uranium buyers and utilities to to agree to low ball an auction at some point - keep all the bids around $ 55 or so....just to try to kick some of hedge funds guys out, and then enable the utilites to get long term contracts for future production at about $60 instead of $100. Anything over $50 will finance lots of exploration and mine expansion, high prices will just tend to move money from the utilites to the miners. Uranium is a very thin market, and easily manipulated. If I was a uranium buyer for a utility, I would be trying to do something like this, and also get the various governments to outlaw "Uranium hoarding" like one poster described. Some of the big miners - BHP, RTP etc. MIGHT go along with this, as it would hit the prices of all the junior uranium stocks, and make it easier for the big guys to buy the juniors cheaper... Again, this is legal in more than a few countires.

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