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Had a good call with a representative for the Zuri-Invest AMC #uranium vehicle. Apparently they are witnessing strong investor interest and will likely raise substantially more than the $100m they aimed for until the end of the subscription period.

The advantage of placing an order during the subscription period is that one saves the 1% bid-ask spread once the AMC trades in the market. The subscription period is on the 21st of April. The 1% bid-ask spread is a good mechanism to incentivise a LT holding period.

Given strong demand the AMC will likely raise $150m+, which will take 3m lbs of #U308 off the market. Currently, the AMC is not available in the US, but will likely be added to the US in a couple of months. This will lead to additional concentrated demand a few months out.

Read 4 tweets
Thank you to @BloorStreetCap for yesterday's insightful #uranium discussion with some of the pioneers of the industry. A fantastic line up with in depth insight into all aspects of the #uranium sector.

Some of our highlights can be found the the thread below:
1/ “The world is recognising the science of nuclear power, not the false ideology.” – #NexGen CEO

“Price of #equities is screaming buy relative to the #spot price” – @uraniuminsider

“We’re on the cusp of a really really big move here [spot price]” – @UraniumEnergy
2/ #Sprott are seeing growing #institutional and #FO interest in the #uranium space. Very early stages of broad adoption by generalist #investors. Ciampaglia believes we are ‘just starting the second inning of this uranium cycle’.
Read 12 tweets
If you havent watched #Cameco’s CFO, Grant Isaac's present talk with Canaccord Genuity, you should.

$CCJ #SPUT #Sputt #Uranium
Some of what I took away below:
-Glowing coverage of Sprott's Sput.
-New mines should not come online to sell into spot
-Japan's inventory is stationary.
-A couple of Utility RFPs in the market, let's see how they play out.
- "KAZ said their was little demand in 22-23" is a misquote.
- A producer sold term contracts at $45. Not a concern. BTW, it wasn't CCJ, it was probably a spot-exposed producer. Good that it's out of the way and not competing (it's a couple 100K pounds).
Read 14 tweets

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