Launch of Yellowcake IPOTake a read of this presentation from the Tellowcake PLC IPO being launched on the London Stock Exchange in July.
https://app.box.com/s/q99fhvpiwwn6obu6xq99or4x29naa4f7
They are raising investment money to buy $170 million dollars worth of Uranium from the Kazakhs with the option to buy another $100 million.
That is the equivalent of a quarter of 2016 production worldwide.
Look carefully at the slide about inventory and you will see that much of it is actually "pipeline inventory"....already in the process of being made into fuel and NOT available to sell back to the spot market. When the big boys and girls start to play in this market...hold on to your hats...it is going to be a great ride.
Malcolm