Not sell it to the market doesn't necessarily exclude Making a supply contract to a utility.
It is logical that Sprott stockpile U3O8 and create long and short term contracts at prices substantially above what they are buying it from miners and potentially other ETF;s
Open marketing as in selling to a mine or another ETF defeats the purpose of Sprott unless they are in fear of Default on delivery though I suspect that they all hold Force Majeure clauses in their supply contracts.
I love contract Law as definitions are usually far more specific than one could suspect.
Please DYOR
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Last
$11.82 |
Change
-0.050(0.42%) |
Mkt cap ! $3.535B | |||
| Open | High | Low | Value | Volume |
| $12.05 | $12.05 | $11.78 | $14.39M | 1.211M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11392 | $11.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.85 | 886 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |