Thread by @BambroughKevin

Cold #uranium facts

If SPUT $u.un keeps doing just reasonable ATM issuance volume like it’s been doing the last few days it will be able to continue to gap up 5% a day and take the spot uranium price with up it.

Seems the #wsb #wallstreetbets crowd from Reddit are now jumping on this trade and can bring their huge $gme $amc and #crypto profits with them.

Now that $u.un can issue shares at the market to fund uranium purchasing they are in fact the best most liquid #uranium spot market indicator. Even the stupidest fuel buyer or uranium producer should be able to comprehend what’s happening here

Yesterday $u.un issues piles of shares and raised piles of capital at a share premium over NAV that will allow them to pay $40/lb today.

I simply don’t know why any seller of #uranium would be offering less than $39.50 today. Especially when…

$u.un is doing volume today at a level that will bring in capital be able to pay $42.50-43/lb Monday.

Nobody knows exactly when but soon there will be barely any willing sellers and fuel buyers sub $50.. then sub $60.. etc. Until it’s the fuel buyers how must buy uranium…

Fuel buyers who will pay up hundreds of dollars a lb if push comes to shove joining in and driving the price higher.

The ones that are sitting on callable lbs that they purchased from Anchorage should get busy now cause my bed is those lbs will be converted to $u.un shares soon

Both $u.un and $sruuf (it’s USA OTC listing are doing strong volume now and I can imagine there’s a bunch of fuel buyers with a lump in their throat and a phone in their hand as they scramble to react to this