RE:RE:RE:RE:Sprott Buys 200,000 LbsVTR1000 - Smithweekly has a 1 hour interview with Sprott's CEO who says that Sproot has no plans to sell uranium back into the market. It wants to aviod the fund from acting as a secondary supplier and creating an overhang to the spot price.
Further, there is no redemption feature where Sprott will buy units back and sell uranium back into the open market. Should a purchaser of trust untis decide to sell, they need to do it on the equity market at the market price for the fund. ( ie. sell their U.UN) Sprott does not sell uranium to accommodate an investor choosing to "cash out."