It seems most of the people here dont know what's happening in uranium industry. There was more than 100 uranium producing mine in 10 years ago, but now there are less than 10 mine still operating. The demand of uranium is increasing over years. The nuclear energy company's large inventory storage and japan nuclear accident create this unrational price for more than 5 years. The deficit in uranium industry is insane for so many years.
Now the hedge fund find the defict of this industry and smells the free money on the table. They start building pythical uranium etf to do the carry trade helping bring efficincy to this industry.
In July, a newly listed etf called "sprott pysical uranium trust" raised $1 billion and they bought 26mibs uranium. This account to one third of the world uranium production of 108mibs.
$1 billion bought 1/3 of the production. $3 billion can buy them all. Please bear in mine, $10 billion is nothing in Wall street.
This purchase push the uranium price incrase from 30 to 47 in one month. This increase in uranium price will attract more people's attention and realise this insane opportunity in uranium price. Both fund and retail investor will buys the pythical uranium etf and cause fund inflow. The fund will use this new money to purchase more nuranium and push the price higher.
This is the first time hedge fund is coopperating with retails investor doing the squeeze. Go check "MeMe" stock in US, that is solly depend on retails invstors power and fighting with hedge fund.
$100 $200 $500? Who knows, I say you underestimated the fiannail industry. Uranium is really a small industry compare to the a small fianncial mutual fund. Plus it's a rally inefficient industry which can keep price insane low for so long. Lets enjory this big squeeze show.
- Forums
- ASX - By Stock
- Uranium squeeze
It seems most of the people here dont know what's happening in...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AEE (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $128.1M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $18.66K | 121.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1000871 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 660320 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1000871 | 0.150 |
8 | 502944 | 0.145 |
7 | 468311 | 0.140 |
3 | 380000 | 0.135 |
9 | 642201 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 660320 | 3 |
0.160 | 348006 | 3 |
0.165 | 313832 | 6 |
0.170 | 151672 | 4 |
0.175 | 276917 | 5 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
Featured News
AEE (ASX) Chart |