Member Info for YCA_700p_2023

93/95 @Uranium Markets

93/94.5 @Evolution Markets

92.25/93.5 @Numerco

92/93 @Numerco

91/93 @ Numerco

8900/9100 @Numerco

8700/9000 @Numerco

Please don't remind me! Came so close to my prediction, but looks like we are going to just miss it.

8600/8800 @Uranium Markets

Source: https://twitter.com/quakes99/status/1735684767226716566

"Tenex, a Russian state-owned uranium company, is warning American customers that the Kremlin may preemptively bar exports of its nuclear fuel to the US if lawmakers in Washington pass legislation barring imports of it starting in 2028"

link: https://www.bloomberg.com/news/articles/2023-12-14/russia-uranium-supplier-warns-us-clients-to-brace-for-export-ban

8500/8800 @ Numerco

8400/8700 @ Numerco

Numerco now reporting $79.50 / $82

Evo markets reporting $80.50 / $82.

Numerco $72.25/$73.95

Numerco $72.25/$73.50

Numerco price at $71.5 | $72.25

"The Placing was conducted using the Company's existing share authorities. The Placing comprises 18,700,000 new Ordinary Shares, which will raise gross proceeds of approximately £103 million (approximately US$125 million). The Placing Shares being issued represent approximately 9.4% of the existing issued ordinary share capital (excluding treasury shares) of the Company prior to the Placing."

Because the uranium they are buying is at a price of $65.5/lb, not at current spot prices of $72/lb, they are effectively buying uranium at a 7.2% discount at YCA NAV equivalent of 550p, which makes the purchase NAV accretive with the last closing price of 562.5p.

Fantastic news

They are either struggling to find lbs at current prices. Or after having suffered a long time at a steep discount to NAV, they might be trying to build up cash levels in the trust, to effectively build a floor under the price and allow them to track NAV more accurately.

Tracking NAV is the top priority for SPUT now I believe, hence the prospective redemption mechanism.