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Any idea what happened on the open > i was expecting YCA to be 3-4% higher and instead absolutely bombed??? Trading around 13% discount with SPUT closing at 3%. Very weird. All I can think is a bunch of very weak short term players piled in this month and got caught out.
7200/7300
7100/7200
7050/7200
AIM trading suspension since 3pm and sput up 3%
7050/7125
Longer timeframe bids have moved up
Apr-24 CVD 69.25 >>> 70.00
Jun-24 CVD 69.50 >>> 70.25
Sep-24 CVO 69.00 >>> 69.00
Dec-24 CVO 69.25 >>> 73.00
:)
Need Andre to initiate buyback and close the NAV gap
I'll raise you 6950/7100 :-)
Is this the start of another significant rise?
Tick up
Spot Uranium: 6950/7075
Thanks for the link
Mid-price back up to 70.
6950/7050
Another interesting interview by TriangleInvestor, who seems to have access to genuinely knowledgeable people. This time it's Bram Vanderelst of Curzon Uranium, which has links to the Zuri fund. He explains recent spot price movements by observing how physical uranium market players are similar in their behaviour to retail equity investors!
https://www.youtube.com/watch?v=NURBMZgrKIw
Spot Uranium: 6900/7000
Tick up on Numerco Spot Uranium: 6875/6975 USc/Lb U3O
I can't recall if we saw bids out on longer timescales before - is this normal ?
Currently showing the following bids.
Apr-24 CVD 69.25
Jun-24 CVD 69.50
Sep-24 CVO 69.00
Dec-24 CVO 69.25
Just came across this from last week :
https://www.investorschronicle.co.uk/ideas/2023/10/12/this-uranium-company-will-keep-on-glowing/
(Try getting there via google if you hit the subscription barrier.)
I just did...
Spot 15% higher.
What a buy!
Spot price doesn’t care: Numerco showing a rise last night: 69.5!!!
At $61 here!
Assume everyone seem this for what its worth
https://www.lse.co.uk/news/canaccord-genuity-raises-target-price-on-yellow-cake-yuuw8pt6mhd4zwe.html?utm_source=alerts&utm_medium=email&utm_campaign=2023-10-10&utm_term=news
Https://www.fnarena.com/index.php/2023/10/10/uranium-week-pullback/
"And so it came to pass."
Well your spreadsheet implies they paid $70.09 if they received no additional cash during the day. Presumably if units outstanding doenst change then there were no new investments? This is inline with 5/10 revaluation but shares were trading at a 4.2% discount. This implies they can buy physical at the valuation of the previous day no matter what the discount the shares are trading at?
68.78 is stated as max they can pay now. Back up sheet indicates they may have paid 70 but to be honest I don't have a good grasp on this.
https://docs.google.com/spreadsheets/d/1cH_2BM6T48FJDP8ShHBL9IRGFbR99ChH_SPSAWRGvt0/edit?usp=drivesdk
We are clearly not understanding something here. The discussion was while they traded at a discount they couldn't buy as this would make the NAV worse i.e. increase the discount., but they seem to have. Hard to tell what price they paid but sure it was above $70 and NAV is based off $68.60.
I'm pretty confused what the rules of the game are with this ETF!!!
Sput bought 200k
Discount there at 1.74%