SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: smh who wrote (9707)3/31/2007 3:55:57 AM
From: energyplay  Respond to of 30198
 
Theoretically, so the utilities get a "friendly" uranium miner, one that is secretly owned by soem utility executives, or mining compnay where the executives can be "influenced" (bribed) by the government....

They hold an auction for X pounds of uranium, with bidding limited to "qualified" buyers - meaning end user utiities, and excluding MOST hedge funds. A few hedge funds are allowed to bid...hedge funds that are influenced by the government.

The result is of course lower prices.

I would not be surprised if some government (US, Canada, UK, ?) provides 'guidance' about the bidding for off market transactions.