EL8 2.88% 50.5¢ elevate uranium ltd

Sprott Physical Uranium Trust, page-11

  1. 366 Posts.
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    lol,

    They've acquired another 400,000 today and have nearly $4m left over for tomorrow.

    It's insane,

    My only fear is that, if I'm a trader (or a miner) and given 6 months notice, I'm buying up all the Uranium I can find and hoarding it until the price gets into the $50's before dumping it all back on the Spott market for Sprott to buy. So it's more surprising to me that sellers are selling - like, if I can sell my car this week for $10k or guaranteed next week for $15k ... I aint selling it this week. And that's what my fear is - it doesn't make any sense for sellers to be selling.
 
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