Spot market with SPUT - the first signes of carry traders getting into trouble! --> Now we know that there isn't enough uranium available through the spotmarket!
Macro & Supply Squeeze
Hi everyone,
Do you remember that Denison Mines bought 2.500.000 pounds of uranium in March 2021?
Than look at those 2 posts of mine:
www.reddit.com/r/UraniumSqueeze/comments/...eliminary_post_3/
www.reddit.com/r/UraniumSqueeze/comments/...eliminary_post_3/
Once you red those 2 posts, you listen good to what David Cates, CEO of Denison mines, is saying now (today)!!!
www.bnnbloomberg.ca/commodities/video/...on-mines-ceo~2281186
quote1: "What's very interesting lately, is the interest that our physical uranium has been getting from the uranium market"
quote2: "And some of those folks in the industry are trying to get us liberate those pounds because they are having a hard time getting pounds. But that's not our strategy."
Those "folks" are trying to get the pounds from Denison Mines to have pounds to meet their own commitments, because they are have difficulties to get uranium from the conventional sources in the market.
"To meet their own commitments"
Boys and girls, the only industry participants that have commitments towards utilities and that need to buy from the spotmarket to meet those commitments are Cameco (only partially) and carry traders (100% of their uranium)!!!
The squeeze in the uranium spotmarket is on!
Utilities, Welcome to the negotiation table with the few remaining uranium producers!
Buy uranium stocks, if you didn't already. Don't try to get in at a cheaper price (imo), because Sprott Physical Uranium Trust activated their additional 1billion USD of their ATM today!
Buying now, doesn't mean you can't be more selective in your purchases. There are uranium companies that are cheaper than their peers. And even the more expensive once today will continu to go higher from the stock prices today.
A good alternative if you don't know which onces to pick, is an investment in URNM etf.
Cheers
www.reddit.com/r/UraniumSqueeze/comments/..._signes_of_carry/
Silversqueeze