Resources Top 5: ASX uranium stocks running as Sprott stacks another 700,000lb of yellowcake

Resources Top 5: ASX uranium stocks running as Sprott stacks another 700,000lb of yellowcake

ASX uranium stocks gain after Sprott removes another 700,000lb from the market

Uranium play Paladin notes “increase in market queries from utilities and an increase in long term market pricing”

Lithium joint venture formed to progress Ardiden’s non-core Canadian assets

Here are the biggest small cap resources winners in early trade, Thursday November 4. ALL THE URANIUM STOCKS Almost every uranium stock was green at the open after Sprott’s Physical Uranium Trust (SPUT) stacked (removed from market) another 700,000lb of uranium: SPUT – which has already been a ‘can of kerosene’ on a uranium market ready to explode — still holds another $US54m in cash for stacking. In 55 trading days investors have poured an incredible $815M into #SPUT that @Sprott has used to stack over 17.6M lbs of physical #Uranium to bring their total stack to 35.9M lbs #U3O8 at an average rate of 320.4K lbs per […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet