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Bullboard - Stock Discussion Forum Sprott Physical Uranium Trust T.U.UN

Alternate Symbol(s):  SRUUF

Sprott Physical Uranium Trust (the Trust) is a Canada-based closed-end investment trust. The Trust invests and holds substantially all of its assets in physical uranium in the form of uranium oxide in concentrates and uranium hexafluoride (collectively, Uranium). The investment objective of the Trust is to provide a secure, convenient and exchange-traded investment alternative for investors... see more

TSX:U.UN - Post Discussion

Sprott Physical Uranium Trust > Where will U be at in a year?
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Post by Clemxb7 on Feb 01, 2024 11:54am

Where will U be at in a year?

Everyday more bullish news.

$KAP major miss on guidance means they will likely be on the bid in the spot market to meet their obligations. Producers competing in the spot with utilities almost seems too good to be true.

The rumour is $CCO may be in the same boat as they experience some production issues.

No futures market in U308 keeps the dynamic manipulated. The only way to knock the price lower is to actually sell pounds on the market though its doubtful anyone will want to part with their pounds.

It’s tempting to sell because normally even the biggest bull has corrections though I think I will just sit tight and see where this goes.
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