Fission Uranium Corp T.FCU

Sprott Buys 200,000 Lbs

[Uranium]

BREAKING NEWS: the uranium squeeze is in high gear with 1,506,300 shares issued today as part of the Sprott ATM and an additional 200,000lbs of uranium purchased 

2021-08-18, 4:20 PM

[Greenday]

@ Uranium - Good thing about the trust is that uranium purchases won't be timed.  They're going to be made at the market regardless of what the spot price is.  May have to wait for the American listing to be finalized but the implication is that spot uranium prices can be momentum driven and the thin market can have an explosive upside if it catches on as the flavour of the day

[199930]

Sure not having much of an effect on share prices.

[Greenday]

Spot bid and ask up again.  $32 / $33. 

[VTR1000]

I wonder what will happen when Sprott decides to sell 200.000 lbs??

[Uraniuman308]

OR, CGN decides to sell out of their 19% ownership as it has no bearing on their GUARANTEED offtake.  The most stupid deal ever for FCU!  JMO  

[Greenday]

VTR1000 - 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