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From Quakes
@Sprott Physical #Uranium Trust ticker $U.UN on #Canada's TSX traded over 6.6 Million shares today across all Canadian exchanges🔊 with its ATM running hot.🔥🏧💵 Appears #SPUT may have raised over C$100💰🤠🐂 with Goldman Sachs biggest net buyer of 1.23M shares worth C$39M!😲
Sput closed up 7% at 32.15. interesting to see later if still at premium to NAV for Monday.
Interested picking up ?
Thanks for the KAP link YCA_700p .... if that represents your target its damn close
Just got back from dinner and couldn't believe my eyes !
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.
9450/9550 Numerco
Early doors movement - not that usual - interesting.
**** 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
Berenberg increased target to 744p from 657p.
Would be interested to know if they assume this from increased U price, closing NAV gap or some combi of both factors.
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
Bit more 91.25/93.25 numerco
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
90/93 numerco
360k volume trade went through at 6.05 at about 11.30am.
Anyone want to own up !
Could be rebalance related imho
Due end of Jan.
Trust has like limit of 10% physical and royalty holdings. This morning they had
SPUT @ 11.74%, YCA @ 3.4% and URC @ 0.5%
So some selling upcoming.
They have c11mil YCA shares....
Opportunity or threat?
Volatility here is wild. Yesterday could buy @ 585
I would add that they need to show a net increase in cash balances delivered by receipts from manica profit share and a reduction in corporate overheads which need to be c50% lower to be representative of current mcap.