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Problem is they can't actually buy any spot as the price was set on a sub $70 price. Puts a floor under it, but unless I have misunderstood until it is cleared they don't actually have the funds so can't actually have bought? This aye well run out of steam. Sprott has not actually gone up much.

Did that just double assassin's reported at1mio earlier?

I understand why Cameco has shot up based on this https://www.gurufocus.com/news/2915363/cameco-ccj-projects-170m-boost-in-equity-share-from-westinghouses-czech-nuclear-deal but why is everything else going up? Spot not moving so some other news i cant find?

Shorts still increasing. Price action in YCA and ETF bit odd with the spot price starting to drift off again. YCA and Sprott on similar discounts which is unusual.

Looks like a big spoof and isn't going to last. Good for NUCL but not YCA or URNG

Thanks. Weird reaction but guess more pressure on the shorts

Odd as even yca up 4%

Anyone got any idea why things are moving today as cant be this?

Or not as last night NAV was off about $70.35 by my calculation. YCA website mid now $72 so that is 2.5% higher . Its a bit chasing tails isn't it. Sprott closes in on par so the spot traders move there offer back so you never actually reach a premium!!!! also Sprott run out of stream so around 6.8% discount off $72 mid

Looks like 71/71.75 based off YCA mid price so Sprott needs to go up another 5% to trigger any issuance if they are looking to pay the offer

From an old interview. “The program is called an at-the-market offering (ATM), and essentially how that works is we have two underwriters, Vertu and Cantor Fitzgerald, both in the United States, and they act as the underwriters for the at-the-market program. The test is fairly simple. If the trust is trading at a higher value than the previous day’s net asset value (NAV), it gives us the ability to issue new units throughout the day. " However this would seem to be a bit nuts if the offer isn't there to deploy the capital. Seems they have flexibility to match their issue with an actual other for spot material which makes sense. Does anyone have a sight of the actual offer as YCA only displays midmarket which could be pretty wide? Woudl give us a clue when Sprott might be issuing new units.

Sorry but which price determines the NAV the previous days close or current spot price. I thought it was based off previous days close.

Sorry SEA7 I'm being dim as I didn't understand what that meant? The question is which spot price do they use to determine if new units can be issued, the previous nights NAV price or the current offer in the market where they can actually cover?

Does it always use previous days close as a measure of NAV? Seems a bit daft as it was $70.40 last night if the spot open $74 or something new investors are just losing money? basically does the market rate affect whether they can issue units i.e there has to be an actual offer they can pay?

Is this is the sort of thing that can propel Sprott to a premium if they base the NAV off the previous days close? Could create some weird virtuous circle.

Critical area for YCA just busting the channel and right on 200D MA. If spot doesnt reach to the news I suspect this may fade. Depends a lot of when the shorts feel the trend has turned. NUCL.L is trading right on all time highs, but this is very much the nuclear power ETF

Seems its coming today and everything has lit up. YCA up 3% pre open, Sprott miners up 10%,

No idea what weight to give this but if this turns out to be true could have a significant impact of uranium related prices https://robertbryce.substack.com/p/nuclearenergywinning

Looking at the timing of the shorts everything form 4% to 6.5% is now underwater being put on form 450 down. The big move up form 1.55 to 4% all happened just under 500. We have 200d MA at 503, channel top at 495 so seems this 500p area is quite crucial. With spot having stopped moving up and discount closing in on 10% I'd be surprised to see much more upside without some significant news and at least some consolidation. I scooped up some at 362 so probably let them go if SPUT doesnt follow through this afternoon as 305 is a pretty good return. I'll keep my core position.

Pretty nice 1 y channel coming in around 490 which is also the 38% retrace of whole move down. Doesnt seem an unreasonable target.