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.

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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.

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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.

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Redemption requests are first matched with other orders, then with cash and only then will the AMC be forced to sell physical #uranium, which is currently stored at #cameco in Canada. To liquidate your holding you pay the 1% bid-ask spread. Hope this helps.

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