We covered this in last weeks note however the trust popped before we had a chance to buy it. We remain a keen buyer of Uranium, preferably into some weakness however ultimately, we think physical uranium is a better risk/reward bet at current levels than the stocks themselves which are now pricing in substantially higher spot Uranium prices than levels currently seen. This trust simply buys and holds its assets in physical uranium.
MM is bullish the uranium space and the U-U CN ETF
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