@Phantom77
What ever SPUT buys is never released back into the supply. This year SPUT is on target to purchase 50 M Lbs.With thanks to @Quakes99. This week #SPUT raised $48M to stack 1.4M lbs #U3O8 that pushed Up total stack to over 30.6M lbs maintaining a daily average cash raise of $13.6M to stack 324,203 lbs per day and 1.62M lbs per week. SPUT is on target to hit 50 Million lbs stacked by year-end.
The previous is happening even with head winds caused by recent SEC reg changes resulting in US brokers having stopped retail from buying SPUT, over the counter. So for now US retail can only sell their trust units but U never gets released back into supply. US retail will soon be able to start buying SPUT trust units again and this increase the volume of U spot bought daily.Where is recent selling coming from?
John Quakes@quakes99·13hReplying to @bourrec68 According to #Uranium Royalty Corp's Scott Melbye, there are just 3 or 4 sellers with perhaps 200K lbs each in Spot market that have been pushing down price for whatever reason. Thin market is easily manipulated. Listen to his comments at 22min mark: https://veracast.com/webcasts/tds/uran2021/0oG94B.cfm…
@Phantom77What ever SPUT buys is never released back into the...
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |