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Uranium Stocks was created to give investors a diversified look at uranium shares, spot prices, options markets, ore and production, canadian reverses and any other relevant issues that may affect shares prices across the globe.
Denison CEO: Spot Prices to Remain Flat for 2009
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11 12th, 2009 |
no responses On Thursday Denison CEO Ron Hochstein predicted that uranium spot prices would remain at current price levels until the end of the calendar year.
Regarding the most recent earnings loss ($91.3 million in third quarter) the Denison CEO said the following:
On the uranium side, it’s not that we couldn’t sell, but we used our discretion and chose not to sell into the spot market during the traditionally slow summer period.
Spot prices current hover around $45 and $47.
Currently Denison share prices sit at $1.40. The somewhat recent Denison downgrade by RBC (from $1.70 to $1.25) on October 1st is starting to look rather prophetic