20th June (i.e also 20/9. 20/12 & 20/3) is a ETF rebalance day - so a large change in shareholding is to be expected (some buys and others sells). Shortman.com.au is a better indication of shorters which was 10.1$ on 17/6 (9th from the top - BOE is top). Most uranium shares carry a high shorting interes. Current theory is that it's due to hedge funds feeling that they can control the uranium spot price via investments in SPUT and Deep Yellow (on the LSE) who sequester uranim. Raising of US$200m last week by SPUT should give a boost but we shall see since this only buys about 2.3Mlbs uranium on the spot market (SPUT have already sequesterd about 64Mlbs of uranium)
SLX Price at posting:
$3.81 Sentiment: None Disclosure: Held
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