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NickTrader

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Re: harry crumb post# 676

Saturday, 06/27/2015 4:41:14 AM

Saturday, June 27, 2015 4:41:14 AM

Post# of 1178
I can understand the short positions given the charts but it's a very risky move IMO. There is a lot of support around 1.50 and I would not be trying to challenge that support line. Especially given the state of the current global Uranium production output. With the number of new reactors coming on-line in the next 10 years, current production is unlikely to keep up with long term demand at current prices. It takes lot of $$ and long time to develop a mine.
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