Kumtor sheninigans will continue and one can make expropriation arguments but ultimately the government is part of UNCTAD and is subject to litigation at The Hague in Netherlands if it defies international law they signed on to via numerous bilateral agreements. They own 27% of Centerra it is in their best interest to cooperate and get the share price higher for...
uranium participation is trading at 15% discount to NAV and historically almost 1:1 correlated with underlying - significant discount at this time - same with largest commercial western supplier of U - historically trades close to 1:1 ratio and currently totally disconnected from what they mine... technically chart wise coming off a double bottom
worth a trade at these levels. Valuation is ridiculous at $63 WTI their free cash flow yield is 50%. Could announce buyback program which is what they will probably do as no interest in this sector so need to manufacture higher share price.
Weekly RSI at levels that it only is at a few times over the last 5 years (insanely oversold), DAily RSI just ticked up at a major support level $10. Uranium as measured by $U is showing a major divergence on all time frames 4h/1d/1w . URA (largest uranium ETF) bullish gartley on weekly timeframe.
