RE:RE:RE:RE:RE:uranium prices could move sooner than we think....That is a good strategy Trips...not to far off from my thinking. He did say Q3 in the video but there are a number of regulatory requirements involved that I suspect will delay it to 2018. But your logic makes complete sense. Get the trading arm going, start to drive the U prices up then issue the IPO. I strongly suspect that that the trading arm will remove as much Uranium from the market as it can and will be well funded (by the Russians perhaps). That stockpile will then be used to fuel the large number of Russian sponsored plants in India, Turkey and elsewhere...reduing their costs but driving up costs for everyone else. That would mean then - if our logic is correct - that prices on Spot should start to move soon after that trading arm is established. Q3 2017 to Q1 2018.
Yes I agree that if this thing does not move before 2021 I will have to rethink this. The smart money is already moving into the space....Li Ka Shing is no idiot....and I like to follow what the Chinese are doing very very closely. Looks like they may buy out the Langer Heinrich mine from Paladin which will take that mine out of the spot picture too.
Interesting times. If it goes to 2025 I think I will be too darned old to care :)
All the best. Stick to your plan. It takes real investing nerves to do what everyone else is not doing but that is where the real money is made eh!!
Malcolm
Malcolm