Barry FitzGerald: The long-term buyers are warming up and Shaw has 7 hot uranium stocks to fuel the fire

‘Garimpeiro’ columnist Barry FitzGerald has covered the resources industry for 35 years. share

The reasons why the Aussie uranium sector could well claim hot status before long have continued to mount.

Stockhead readers don’t need a roll call of them all but Garimpeiro reckons the most important was the recent advice from Canadian giant Cameco that nuclear power utilities were, at long last, signing long-term contracts again.

Long-term contracts count more than anything in the industry. As Cameco put it in a capital markets call for its profit report, there is no substitute for a full blown utility driven long-term contracting cycle.For Aussie juniors looking to restart a project, or develop a new one, long-term supply contracts are all important. Spot markets are of great interest to the funds specialising in physical uranium, and are handy in gauging uranium’s performance.But the spot price (currently more than 50% higher than the level […]

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