Get Digging!29 Jun 2018 12:37
Yellow Cake will list on 05 July, it may come unstuck if President Trump bans "Russian" fuel from US reactors but in the longer term I think it will buy from other safer sources to avoid trade tariffs etc. BKY could be just such a source once production is underway. Watch Yellow Cake and see where the price goes not going to dive right in myself.
From the FT
"Yellow Cake, an investment vehicle looking to place a big bet on the price of nuclear fuel uranium, is set list in London after raising £150m from investors.
Named after the raw form of the commodity, shares in Yellow Cake will start trading on the junior Aim market at 200p on July 5.
As part of the listing, Canada-based Uranium Royalty Corporation will take a 10 per cent stake in the vehicle
Yellow Cake is the brainchild of Peter Bacchus, a former investment banker who has set up his own advisory firm called Bacchus Capital.
It has an exclusive deal to buy 8.1m pounds of uranium from Kazatomprom, a leading producer."