Mika Palomäki

Spot went about $2 higher. Sprott has been quite good sourcing pounds in tight market. Might be some off market transactions also.

This +200M cash will make HARD STOP floor on uranium price. Absolutely no chance it'll drop back under $70.

Traders are now front running the trade. I think SPUT won't rush to the markets. Pushing Spot price up shouldn't be the main motive, rather draining the mobile inventory by buying the cheapest pounds available.

After the first "management fee bought deal" I expected something like this to come, but the eventual size of the raise came twice as bigger than speculated.

The last three months Sprott has pretty much exceeded all expectations. In such a tight market finding the right investors to trigger the fund back alive, in best shape ever.

Even many uranium bulls were accepting this and taking it as a fact, counting how many pounds will enter the market to be able to get cash to run the fund.

The last year has been a really tough period, being constantly on a discount. Many were already pricing in that when the cash runs out they have to soon start selling some pounds back to market.

Then they learnt to be more patent, not deploying all the money at once but waiting and really searching for the cheapest pounds.

The first year after SPUT was released they were still learning to play with the traders, being with too active buying on rising price just to see them coming back down.

Sprott has done an excellent job managing the physical uranium trust and their touch has gotten better during the years.

#uranium was heading into a traditional "fill the gaps" downswing. The Meta news today must've surprised quite many, especially the shorts. Some violent moves especially in actively shorted stocks like Energy Fuels. Tough sector for short term trading

Yep unfortunately so. The momentum ended quickly. Quakes effect also quite big

That's how it went, not the first temporary exit from Shitter. It's a shame that the postings simultaneously ended here while returning with the herd.

Quite a day indeed and good statistics! I've tried to gamble a bit on these rebalancing months and this time succeeded quite well. Today probably quite big corrections "back to normal"

I doubt we get a squeeze without any concrete funding news, and if we do then we can add a zero to these given percentages :) minus 25-35% also really likely, less than a month left and new PP needed

Good observations. Adding to this the current "low cost" producers are also gradually depleting their best assets. Rising cost won't be just from new greenfield mines but they come from all directions.

Huomiotalous politiikkaa. Otetaan suuren maailman esikuvista mallia. Henkilökohtaisia rimanalituksia, mutta homma toimii ja tuottaa tulosta ja taas syntyy uusia janimäkelöitä. Näille ei pitäisi antaa mitään ylimääräistä mediatilaa. Sama kohtelu kuin ylä-asteen takarivin häirikkö-oppilaille.

And I know they did most of their contracting during desperate days, but the difference to Kazatomprom is way too big so management can blamed for being this conservative.

Cameco and really nobody can predict this kind of big market reactions. But it's a shame that for biggest western producer it's preferred to happen later than sooner.

So CCJ can be satisfied that everything keeps lagging, but with this contract book it's really easy to also miss the huge margins. This market is so thin and surprising and along with SPUT, there could be any day or any year be a huge inflow of money to the sector.

If CCJ would have better sensitivity to spot price they could quite easily push the prices higher just by stacking some more mobile pounds to their inventory.

I still think their contract book is really weak, they have played if safe and so far it's succeeded. I actually think CCJ is one of the reasons spot keeps lagging because it serves them quite well. The longer the prices keep down and new development postpones it serves their case.

Quite much hope in this thread, but eventually things settle and everybody knows how this sector moves. The positive trigger doesn't even need to be that big (f. ex spot moves back to $70-80 scale after some producer purchases) and the correction will be quick.

I think the main problem currently is that "Russia" + "uranium" are two words which have been too often linked together. Generalist investors/funds might end up to misleading conclusion that now there is a big excess supply which has been pending in cold storage now flowing to the market.

There is a high incentive for producers to start buying the mobile pounds still circulating in the spot market. My guess is we'll see Cameco and Kazatomprom still in the market before summer.

Looks like finally we have a decent bottom in spot price and LT continues to hold stable. Relative difference to equities is even bigger than last summer. Sput discount also tells the same thing, still few % down and we've reached the maximum.

Final capitulation weeks in #uranium? All signs points to this. Usually the end of each phase is the strongest move, same has been on the upside also. The recent selloff has been so heavy that it'll soon run out of gas.

Sprott Asset Management launches first Physical Uranium ETC in Europe: (SPUT)
#uranium #nuclearenergy

etfexpress.com/2025/02/28/s...

#Uranium stocks have been bleeding for months, and the past few weeks have been quite brutal. Doesn't matter how bullish the long-term story is—if you're caught in the wrong macro environment, price will remind you the hard way.

Yllättävän monet ovat edelleen valmiita vääntämään itsensä solmuun tulkitakseen Trumpin puheet parhain päin.

Ei, hän ei pelaa mitään 3D shakkia. Ei, hän ei ilmaise itseään epäselvästi. Ei, tämä ei ole joku nerokas neuvottelutaktiikka. Ja ei, syy ei ole mediassa.