Short sellers of $u.un are naked with the atm off.
The $u.un short sellers are playing a very dangerous game. Atm is locked and loaded large generalist funds and pension funds want to play. Shorting #uranium at these prices has to be one of the dumbest trades of all time
$sput $u.un will likely have some nice block trades lined up when the Atm is turned back on. Top #uranium traders say lbs will be hard to source under $55/lb. I’m expecting a fast move up to above $55/lb.
The short sellers in $u.un are gonna get run over like $gme $amc now. Huge short position and even when the atm comes back on their gonna be in real trouble. Sprott will have to limit the atm based on #uranium availability. As the spot price of #uranium gaps up so will $u.un
As the uranium market thins and squeezes so shall $u.un
Its hard to predict exactly when we will take off and run to $100/lb + but last cycle it started with a combo of $cco cigar lake mine flood and also $cco running out of long term contract ability.
Its hard to predict exactly when we will take off and run to $100/lb + but last cycle it started with a combo of $cco cigar lake mine flood and also $cco running out of long term contract ability.
I’m hearing that the long term market is tightening significantly already so we are close to that key point in time.
But just know. CRDN related delays are much more significant than the Cigar lake mine flood. The production delays and impact on the market could be multiples
But just know. CRDN related delays are much more significant than the Cigar lake mine flood. The production delays and impact on the market could be multiples
If @Official_WSB was ever gonna jump on the #uranium trade now is the time. Their followers will be well rewarded playing the #uraniumsqueeze
The set up on $u.un couldn’t be better.
The set up on $u.un couldn’t be better.
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