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I'm a bit concerned that YCA may not get delivery in H1 24 of the last purchase.
BUT the impact on NAV is quite minimal c2%
https://twitter.com/andmillsy/status/1744765616244896022?t=vaVD4s5xWnfIOEwvm6PQDg&s=19
Thanks for sharing those tweets. All this increased uncertainty on supply, imho, heightens the likelihood of YCA being taken over.
I'm surprised the trading companies -likes of Vitol, Trafigura, Glencore, Cargill haven't entered the Uranium market.
I got same answer as you.
I've looked a bit more at the tracker particularly the sheet entitled "backup" which does the number crunching.
The 56.2 cash raised (actually 56.165388) is a bit of a rough estimate and not actually disclosed by Sprott as far as I can tell.
Take a look at backup sheet row 631.
The number of units issued is known at 2,341,200 and disclosed by Sprott but the issue price is assumed to be at closing price 23.99. See formula in cell AB631.
On a day when ATM was active throughout and share price was up c7% this is a bit too crude.
If it's out by c2% which is very possible and they therefore raised c$1mil less then it takes purchase price to c$103/lb.
Snooz
Kevin Bamborough has a perspective in short lot of poor contracts
https://twitter.com/BambroughKevin/status/1746199763786125372?t=735l7joWVbM0ktixAMCxwg&s=19
From Quakes
@Sprott Physical #Uranium Trust ticker $U.UN on #Canada's TSX traded over 6.6 Million shares today across all Canadian exchanges๐ with its ATM running hot.๐ฅ๐ง๐ต Appears #SPUT may have raised over C$100๐ฐ๐ค ๐ with Goldman Sachs biggest net buyer of 1.23M shares worth C$39M!๐ฒ
Snooz not really sure but seems like they may have a lot of "poor" contracts and they say "As the market improves, we expect to continue to layer in volumes capturing greater upside using market-related pricing mechanisms."
No Empress typically 2months after qtr end - year end takes longer however.
Prior announcments from Empress can be seen here and there is a release date stated on Manaagemnt Discussion blurb which is produced each quarter
https://empressroyalty.com/investor/financials/
Your second question shoiuld be directed to Joel at Xtract.
**** Unusual imho to see Indic (94.20) beyong the ask at 94.00 - move incoming ?
Jan-24 CVD 92.75 94.20 0.75 94.00 CMO
Feb-24 CVD 93.00 94.39 0.75 94.00 CMO
Mar-24 CVD 93.00 94.62 0.76 94.00 CMO
Apr-24 92.75 94.91 0.76 94.70 IND
For almost the last year I have attempted to keep track of YCA v SPUT discount using the data from Snooz excellent spreadsheet and the SPUT website.
The googlesheet has been running grabbing the data but I haven't been very vigilant in maintaining it. Sometimes it has gone a bit wild. I have tried to clean it up a bit and sharing the sheet here.
Seems that since Feb the average (measured 2x per day and 7 days per week) YCA discount has been 10% and SPUT 6%.
I was hoping to get some more indications on whether SPUT discount is leading indicator of YCA discount but not got very far in that analysis.
Sharing the raw data here in case anyone has better data analysis skills than I have - proviso is if you'll kindly share any conclusions you find !
https://docs.google.com/spreadsheets/d/e/2PACX-1vQrhCxPf9KmdOe4yqfLvRWgQwHD41NOFrtTyYAxXauptsZm8IJayCDOoS3_G3OGQDXmgzANjRc7Hgj6/pubhtml
Interesting insights
https://www.youtube.com/watch?v=7Fw4jAfqtgc
Mafia9 take a look at the right hand side of the spreadsheet https://tinyurl.com/YCA-U308
This gives a view of NAV for various spot prices.
Biggest variable is discount to NAV but this can and has flipped to premium at which point YCA have often raised funds to acquire more Uranium. GBP / USD is another variable to be aware of.
122k volume sold.
https://twitter.com/patmvcr/status/1740419582954021190?t=evt3HLCr4MqSVJJtZmiFqw&s=19