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re: Uranium>Silver
Posted on 11/18/23 at 7:51 am to itsbigmikey
Posted on 11/18/23 at 7:51 am to itsbigmikey
quote:
This thing is quietly chugging along.
There will probably be some forced utility purchases (from American utilities) over the next few months that probably move spot more.
The potential for utilities to buy SPUT and redeem for physical Uranium is apparently something Sprott wants to facilitate. Which might move SPUT more than spot price if utilities have no ready alternative
This post was edited on 11/18/23 at 7:52 am
Posted on 1/12/24 at 7:21 am to molsusports
Spot Price just hit $100! Things might get wild out there. Equities still lagging significantly but SPUT has continued to be a monster. Spot price more than doubled in a year and I don't know what it will take to get more u308 on the market.
Crazy times but it seems like we're close to entering the mania phase of this market. When SPUT's share price matches $100 spot-equivalent I'm selling 1/4 of my SPUT holdings as planned. If flows come to this sector there could be fireworks in short order. Bring it on
Crazy times but it seems like we're close to entering the mania phase of this market. When SPUT's share price matches $100 spot-equivalent I'm selling 1/4 of my SPUT holdings as planned. If flows come to this sector there could be fireworks in short order. Bring it on
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