Patrick McGowan

2/2

I've been puzzled by the redemptions from the 2 Sprott #uranium ETF's the past few weeks, while URA has seen new units issued.

Perhaps some of their AP's liquidated a portion of their positions to participate in the $200M SPUT raise in late June. Mart sheds some light on this.

t.co/3E4Y2bk69H

1/2
Overnight URA reported those 1.26 MILLION new units issued and their holdings indicate another 80K new units will this evening be reported issued..

URNJ reported 160K in redemptions... no changes at URNM

So why the sell off in the Sprott #uranium ETF's? see my next post

Was out on the water yesterday & didn't post, but today, although $URA did not report any changes in OS units, their holdings indicate they will tomorrow report about
1.2 MILLION NEW UNITS ISSUED!

$URNJ added a modest 20K new units

$URNM reported 90k untis redeemed

#uranium

Well there were some changes in the #uranium ETF's reported this evening.

URA reports 510K new units issued.. the largest single day issuance since early January.

URNM reports 510K in redemptions.

No changes in OS units at URNJ, but again, a few minor changes in holdings to bolster their cash.

No changes in outstanding units of any of the 3 #uranium ETF's I track. And aside from a few minor tweaks in the holdings at the 2 Sprott #uranium ETF's, there were no change changes in holdings either..

No changes reported at any of the #uranium ETF's I follow.

Looks like URNJ finished the last of their rebalancing last Thursday (Jul 3).

The tables below summarize the changes made.

I neglected to post over the weekend that neither URA nor URNJ reported any changes, but Sprott's bigger #uranium ETF did on Friday evening report 50K in redemptions..

I see SPUT added another 100k lbs of #uranium to their hoard today. Still have US$142.8 million in the kitty too!

I got carried away with other stuff... but I should report that overnight there were no changes in OS or holdings at any of the #uranium ETF's I follow...

There was an interesting fact disclosed by Justin Huhn... most of the massive redemptions at URA have been by JP Morgan and/or their clients. I've noticed that Sprott's ETF holders have been sticky.. table below summarizes this:

#uranium
#nuclear

YouTube video by Jimmy Connor VIRTUAL URANIUM CONFERENCE JUNE 27, 8AM ET

I've been watching Jimmy's Virtual Uranium Conference. Nice to get some up to date insights from a good selection of experts. I've got a few comments to make..

#uranium

youtu.be/1WkP1FDE2DA?...

I see they bought 100,000 lbs of #uranium today

Nice bump in SPUT (U.U and U.UN) at the close of the day. Decent volume of shares traded in the last 2 minutes of the day.

Maybe they bought some #uranium today??

Since I'm no longer on Twatter, can someone over there or who has access to Numerco tell me if the #uranium spot price has just made a jump this morning? #uranium stocks are seeing some positive action ...

thanks

Long time coming, but nice to see Cameco breach the CAD$100 mark!! I recall sitting in my broker's office a few years back and him telling me it was going nowhere... sold it at CAD$14 for a CAD$20 loss.

Since striking out on my own, I bought a bunch at CAD$60 a while back...

go #uranium go!

No changes reported at either URA or URNJ, but URNM reported 70K in redemptions.

go #uranium go!

Any idea where they bought those #uranium pounds??

URA reported those 200K in redemptions this evening; no changes in holdings.

No changes in URNM

URNJ reported 160 in redemptions.. & aside from the -1.09% in holdings across the board, they have obviously taken NUCLEAR FUELS (NF) out of the fold. I guess they feel it has outgrown URNJ

#uranium

Nice to see the West's #uranium bellwether stock (Cameco) seeing ATH's this week.

CCO: CA$99.31
CCJ: US$72.40

Last night no changes reported at URNM. URA - no changes in OS units, holdings indicate they will tonight report 200K units redeemed.

Big changes at URNJ. In addition to 30K new units being issued, they have started their rebalancing as shown in the attached tables. AEC is the big winner.

#uranium

URNM finally reported their holdings today... no changes on holdings or OS units.... must have been busy buying #uranium for SPUT!!!

Any news about where they purchased those pounds? Any effect on the #uranium spot price? I don't have a subscription to UxC or Tradetech

No changes reported at both URA & URNJ. Sprott has not yet updated the data for URNM... maybe over the weekend they are putting the final touches on their upcoming rebalancing, some of which will be likely be popping up in the data over the next week or so....

#uranium

So I've decided to track SPUT (Sprott Physical #Uranium Trust) since announcing that PP on Monday.

They got the cash from the PP today and purchased 650K lbs of #uranium with an implied price of US$76.89 / lb & still have US$182 million in the war chest to buy more next week!

Off to the races!!

This evening URA reported those 650K new units issued but no changes in holdings.

Both Sprott #uranium ETF's reported new units issued. URNM added 290K (+0.80%) and URNJ 500K, representing a whopping 3.52% increase in OS units!!!

It's been a long time since we've seen that kind of positive action.

Nice to see some buying at the #uranium ETF's reported last night!

Although URA did not report an increase in OS units, holdings show that they will tonight report about 660K new units issued. URNM also reported issuing 30K new units.

Some subtle changes in the holdings but not OS units at URNJ.

Interesting that India uses natural #uranium as their #nuclear reactors are based on the #CANDU technology. No need for conversions and enrichment... the bottleneck for light water pressure reactors.

Nice to see some #uranium names making it onto the Globe and Mail's "Stock Movers" list this evening!

Will this catch the eye of investors in the morning??

This evening, URA reported 620K in OS unit redemptions but no further changes to their holdings.

No changes at URNM, and although there were no changes in OS units at URNJ, 64K shares of Anfield (AEC) were added to their holdings.. with 2K shares of Nuclear Fuels (NF) being sold off.
#uranium

Doesn't appear that SPUT bought any #uranium today... but I guess they don't get the cash until Friday.