I think we have been caught a bit in the reverse flywheel, with some sizable ETF redemptions this week. I'm sure the Fission takeover caught some by surprise as well, so it's hard to see any real direction until we get that outcome sorted from the vote.
No one can crunch numbers until we know whether Fission is in the bag or not.
Personally, I think there will be fireworks beyond August, and I think we will make a new long-term uranium of US$100 + quickly.
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