Member Info for masplin

This is where we come back to the discussion about the mechanism for setting the spot price for exercise. If it is based off some recent average as we discussed before then they should be able to exercise here if they can sell enough shares. Might be the reason it has run into a wall at 560.

Would not be surprised to see an announcement shortly which will be more fuel to the fire once they step out of the way.

I reckon 565 is about NAV for YCA off $76 . who knows maybe they get to exercise their option!!!

Sprott raised $30mio yesterday and finished right on NAV at $75.75

Sprott trading right on NAV using $75.75 so may rise a lot of money on this move. I thought this was quite well known to generate such a big move.

That comment is saying at the right price there is sufficient uranium to meet 2040 demand. At $200 getting it out of sea water is possibly economic. The graphs demonstrate where we are today. Justin over at uranium insider mentioned that these supply/demand graphs are price insensitive, and so actually the supply they are including covers various projects, that have already been put on hold as the price incentive isn't there to make the next stage investment. I read this as yet another extremely bullish piece of data. Sprott was already right on NAV on Friday so be interesting to see how much cash they raise through their ATM. $50 in last week already. surprised spot price appears to be steady here, but think often the published numbers are just misleading as not where market really is and adjust afterwards.

Sorry what I meant was Sprott was at 1.5% discount. so actually they raised $24mio on Friday. You 8.8% is roughly right. at 511 its 10.2% today. Sprott close 1.5% so 8.8% difference which is a lot wider than it has been recently. Think YCA decent buy here

Sprott very close to NAV depending where the offer is exactly . YCA page indicated $76.25 so 1.4% discount

I've been buying all week around 490 with discount spread to Sprott out at 8-9%. However this seems a massive over reaction. Cameco itself only up 1% after hours. From this level going to need a good performance by Sprott to maintain the rally. The physical is way cheaper and better risk reward than the equities here

That is very interesting as essentially joining Cameco in saying the price is too low to justify producing more. This is quite differnet to the tone they have taken about bullish increases in production that have continuously fallen short of forecast. This is being pitched as a deliberate act not because of operational issues.

Sprott now trading well below the issue price of the raise. Cant decide if this is some daft short term anomaly and once Sprott take the current offers it will settle higher. Only an 8% discount to $75 spot so not extreme. Surprised YCA has help up so well , but at 12% discount also not a bargain.

Well there you go. $75 Numerco so expect YCA to hit 475 tomorrow the 38% retrace = $65 and that seems a good time to go round again and buy. If spot stays down the equities will stall although they are holding up amazing well.

Looks like $76.76 paid for $100,000. Sputt NAV based off $77 so YCA website price of $77.50 looks high

Coming down $78.78 for yesterdays 300,000. Seems offers are improving here so unlikely YCA is going to make any more progress as this washes through and likely we just drift back to around $75 spot and YCA goes back to 500p 10% discount. Unlikely we get any new momentum over summer

Qube continues to add

$79.29 for Fridays 100,000. seems the offers are coming steadily just below $80 which until lthe LT price moves you woudl expect.

$79.32 paid for yesterdays 100,000

$79.73 paid for last nights 300,000lb

I was just looking at the SPUT tracker and seems to me they paid $181 for their 650,000 lb on Friday. they had $36mio cash on Thur, received 200,100,000 and had 1283mio on Friday. assuming $95k of daily running costs that means they spent $52.68 on their 650,000 lb. Given they issued the shares at $70 NAV that is quite a dilution. It also demonstrates how little liquidity there is for that amount. Please put me right if I'm being stupid.

Interestingly the shorts have actually increased.

Can yca issue shares here and exercise their option? Isn't the option strike some average of previous few days so will be near $70 and they are at a premium to that?