Member Info for Trader76

I don't have ACCESS to the shares yet as my broker (Barclays) is still working on the conversion. I guess one positive thing out of this long delay is that had it been available earlier, I would have sold this share when it was around 8$, but who would have thought this UUUU has now been and still is rising through the roof, and potentially becomes a multi-bags or even 10x .

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It is more than tripled now

Have you tried with any others such as ETF of covered calls for COINBASE, Tesla, Meta, amazon, etc by INCOMESHARE ?

Which broker are you with ? How was the conversion ratio done, as the original take-over share conversion ratio is based on $us, listed in us ?

Hi there,

similar here, am involved via BSE, but my brokers (Barclays) is still working on the conversion from BSE share to UUUU shares. which broker are you using ?

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Would it be a long term cash-cow via its high dividend yield without share price losing value..?

It has reached 15$ today

Some update from Barclays released as corporate action -

"..FOR INFORMATION ONLY

ENERGY FUELS - scheme of arrangement

A scheme of arrangement is typically used to execute a change in the structure of a company, such as during a takeover or acquisition. Following a scheme of arrangement for Base Resources, you will receive Energy Fuels shares.

Energy Fuels maintains a listing on the New York Stock Exchange (NYSE) and we are currently in the process of transferring your shareholding to that exchange. This process is taking longer than expected and we are working to complete this as quickly as possible. Please note as part of this process you will not be able to trade your Energy Fuels shares until they have been fully transferred and made available on the NYSE. We will let you know once this has completed...."

hopefully they get it over the finish line , finally

I think the problem with Barclays is that how to handle the same stock being listed on multiple exchangers.

The Energy Fuel Inc. is dual list as EFR on TSE (Canada) and as UUUU on NYSE (US). Prior to this take-over, Barclays platform is already made EFR available for trading, but share conversion is based on UUUU, so "mighty" Barclays completely got stacked how to handle this one...

Barclays seems having an issue with the share conversions... just talked to them today, and here is what they said ..

".... I can only apologise, I do appreciate this has taken longer than other providers to finalise, Unfortunately UUUU is traded on a part of the NYSE exchange we do not support and as such this is the reason for the stock not being available... Unfortunately we do not offer trading of assets on the section of the NYSE that the stock is currently traded.... I can't provide you with definitive answers only to say that all relevant departments are working to have this resolved as soon as possible...."

Fantastic, with some luck, might even be a special to top it up..?

And "...Paid $200 million special dividend in December 2024 ($300 million in total for 2024), supporting 2024 dividend target of $500 million.."

would it mean the final div for 2024 is potentially $200 million?

Well, Equiniti (registrar for UUUU) would certainly know the numbers converted from BSE. A shuffling between the high and the low, a lots of extra number would be profited

I just talked to Barclays today, and it is absolutely ZERO update from them apart from "we are still working it".....

Thanks for the update.

So far from all the banks/brokers involved, it does pointing finger at that the other party (Equiniti - registrar for UUUU) is the "guilty" one. Let's hope there isn't any foul plays

Which bank/broker are you with?

Perhaps we should collect the list of brokers/banks which are still waiting (claimed) to receive the new shares from UUUU/Base..

I make start .. I am with Barlcays, and still waiting for the share

Anyone got any update on this one ?

Talked to barclays today, and their reply is

" I spoke with our Corporate Actions Team regarding this. I have been advised we are sadly still awaiting the DRS Statement for new Energy Fuels Inc Shares from Equiniti."

So Barclays is saying it is Equiniti holding up the day

I notice that on barclays trading platform (ISA under Smart investor), the stock Energy Fuels Inc. is listed as EFR on Canadian stock exchange (TSE) instead of as UUUU on US stock exchange, you would thought one would want UUUU as the main listing.

Not sure what is holding them (Barclays in my case) back for the conversion. I also had a small amount of BASE with TRADING 212 , and the conversion has completed a month ago, and i have also traded (sold) the new share (of UUUU) as well. It makes one to think if they are trying make some $ out of the conversion themself