I didn't mention this in my write-up, but for those monitoring the implied value (TSXV:SASK * CAD:AUD exchange * 0.5834) of the transaction - this is good news:
The inclusion and subsequent weighting in URNM will be based on the market cap of ATHA now that it's consumed Latitude, but not 92E, which is (assumedly) to come. Given the low liquidity in ATHA, this should give an initial boost to the upside, which would be a positive to 92E in the next couple of weeks.
For those who hold through the transaction (assuming it goes ahead), you'll then get another bump in the coming months as ATHA's market cap grows as it consumes 92E and its market cap, and therefore weightings in URNM and URNJ increase. I'm not sure of the cutoff for inclusion in URA, but it's probably not that far away either.
It means that ATHA will get thrown around to the upside and downside as the ETFs take hold, but I see that as a net positive this year - especially from here.
Good luck to all holders!
92E Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
