I’m pretty excited to see $ura take a sizeable position in $u.un at month end. This could result in $80-90mm (~2 mln lbs) purchased around this month end. Will be interesting to see how much front running occurs. I think there’s a good chance we see ~$55/lb by month end.
We have the euro taxonomy announcement coming as well. Who knows how many funds will suddenly be able to add uranium exposure. It could be truly huge and between $yca and $u.un I expect we will see significant allocation to physical #uranium.
I think we will see the #uranium price double this year. Sput nyse listing. Kazakh risk, Continued growth in new builds, extensions and restarts. Production struggles, permitting delays. Another big catalyst will be when SWU starts to run and we see a real tightening of uf6
Needless to say. I’m pretty pumped.
One other point. If $ura balances and adds 5-7% weighting in $u.un as many expect based on the market cap up sput and relative weightings of $ura’s holdings then there’s likely to be selling of 5-7% of all there holdings when they rebalance
#uranium twitter has a huge bias for u stocks vs physical.
I continue to argue that $u.un and/or physical uranium will out perform many uranium stocks and presents better risk to reward. This rebalancing will likely help $u.un achieve great relative performance for month end
I continue to argue that $u.un and/or physical uranium will out perform many uranium stocks and presents better risk to reward. This rebalancing will likely help $u.un achieve great relative performance for month end
• • •
Missing some Tweet in this thread? You can try to
force a refresh
