Should be a massive day for Uranium names tomorrow.
uranium spot price has gone up 35% last couple of weeks on 250 mill of physical buying from the Sprot ETF.
on Friday the Sprot ETF increased from 300 mill to 1.3 bill.
wont preach the market fundamentals but a short squeeze may be incoming.
I am playing this via SLX personally but a rising tide should lift all boats, i am personally hesitant on speccy U companies as they surely need cash and will capitalise on this accordingly in my opinion. SLX is a tech play and could be a Disallowed in my mind.
