Short Position Anyone have a grasp on the short position of the Uranium industry in general?
While DML seems like a great potential, there is a bit of an elephant in the room...Before anyone jumps down my throat, I don't think North Korea will launch a uranium based nuclear tipped missile, but there is a 28 year old video game junkie running the military and he sacked virtually all of the previous advisory staff. We ultimately don't know what he is capable of or what kind of position he is in. It is all speculation.
If he launches a nuclear based missile that can be developed simply by enriching technologies used to create nuclear power, I don't expect a nuclear retaliation, however this would have to be another dampener on public sentiment regarding this industry on the whole.
The smart move if you like DML, is to hold on to it, but hedge your position by shorting another player in the industry. Of course, if you liked CCO, you might think about shorting DML to cover your bet...see where I am going with this? Hence the question, does anyone know what the overall short position is in the uranium sector since the war rhetoric began from North Korea?