The Uranium sector has been hot over the past month as the Sprott Physical Uranium Trust went into the spot market in a big way pushing up prices from near $US30/lb to above $US50/lb. Uranium equities have followed the move in an amplified way attracting hot money in the process. MM had a Paladin position in our Emerging Companies portfolio that we sold at 95c, a touch early however it was a nice profit none-the-less. We expect further weakness in Uranium stocks in the short term, however we remain bullish ‘yellow cake’ in the medium term.
MM is a keen buyer of PDN below 80c
Add To Hit List
