DOE to sell 200 MTU UF6

http://www.emcbc.doe.gov/files/news/Press%20RFP%20Uranium%20Sale%20Jul07.pdf

Driven by the fiscal year, this can be viewed as "forced selling". It will be very interesting to see what prices they fetch. Bids are due by 17 aug, contracts will be awarded 31 aug.

Maybe we won't have to wait for some downward pressure on the spot price.

"RBC Capital markets analysts led by Adam Schatzker said in a report that weakness in the nuclear fuel market continued, after Ux Consulting Co. said the spot uranium price dropped $10 a pound to $120.

" http://www.bloomberg.com/apps/news?pid=20601082&sid=aQEVindzg.oc&refer=canada

veg.