Innovation News Network on Eclipse Metal HUGE potentials, page-18

i'm expecting the Global X - URA net assets to be closer to $1B USD ( currently $613M) for them come December when $40lb uranium spot is reached.

non-pure play on the funds allows for maximum 2% allocation. It generally starts for the explorers at 0.40% holding so the fund would need to be buy $4M of EPM, at that point.

If EPM was 10 cents (optimistically), that is 40M shares they need to acquire...... a bit hard with the shares being tightly held. This will cause some meme like price increases.

So if any luck - come end of Jan/ start of Feb - there needs to be diamond hands --- for a good laugh.
If a major holder sells at that point then it ruins the play.

On the negative side - lets say Global X - URA scoops up EPM shares 40M, and whales start to cash out of the URA, directly with the distribution office, then the units will be cancelled and shares underlying will need to sold. So say $40lb ---> $30lb for example we'd feel it, we'll be the markets bitch that day/week,

That's why it helps with the multi-commodity play with EPM.
We should be cheering for all the holdings inside the Global X - URA, the bigger they get the bigger our allocation if we are included in the portfolio .