By James Finch

Because of rapid developments in the uranium sector, over the past three years, the market place continues attempting to digest all the news and adjust accordingly.

In a June 2003 utility PowerPoint we recently reviewed, it became evident to us that U.S. utilities were later ambushed by unforeseen developments then entering the markets. According to the industry presentation made by a well-known spokesman of a nuclear utility, he explained to his audience, four years ago, “It is difficult to see how very many companies could afford to invest in new production when there is such a glut on the supply side.”