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- 26 August 2021
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Agree with @qldfrog that if Labor gets in on a Green deal then any future national uranium mining laws will be in jeopardy. But, there's existing state laws in place to allow it. Let's face it though, if the Greens have the balance of power they will try and kill anything that emits CO2 or methane. Lock up your sheep, cows and dogs.
or ICE cars, trucks, fields, individual houses, fire, anything we used to call progress but is obviously the crime of mankind against nature ;-)Agree with @qldfrog that if Labor gets in on a Green deal then any future national uranium mining laws will be in jeopardy. But, there's existing state laws in place to allow it. Let's face it though, if the Greens have the balance of power they will try and kill anything that emits CO2 or methane. Lock up your sheep, cows and dogs.
Imagine Iran becoming the major shareholder...and redeeming?Very much doubt this will negatively impact the new physical ETF.
Uranium Draws Investors as SEC Rejects Sprott U.S. Fund
(Bloomberg) -- Commodities investors see uranium as a rising star, a material needed for nuclear power in a world moving away from fossil fuels. For the U.S. Securities and Exchange Commission, investing in it is another story.
Most Read from Bloomberg
The SEC this week rejected an application by the Sprott Physical Uranium Trust to become the first such fund to trade on U.S. exchanges, the company said, citing a failure to meet listing standards. A Sprott statement pointed to challenges including the structure of the trust “and the nature of the physical uranium market.”
Think about it: how would redemption and delivery of radioactive material work?
continue reading...
hold PDN, PEN, DYL, AGE
Who needs to worry about Iran when the biggest, craziest warmonger in the whole world has loads of the stuff already in Russia and with existing bombs, Iran would be the least of our problems.Imagine Iran becoming the major shareholder...and redeeming?
Was more a case of backup pumps and generators failing due to being to low and being inundated, by memory.I'm still bullish on uranium medium term, until there's another tsunami that effects a stupidly positioned reactor, or the Green's get in power.
I though you were talking US, our role model.....Who needs to worry about Iran when the biggest, craziest warmonger in the whole world has loads of the stuff already in Russia and with existing bombs, Iran would be the least of our problems.
Edit. I think the biggest risk is Sprott might corner the market for Uranium and that is not a good thing.
Uranium futures fell to $48/lb in mid-May, the lowest in nearly three months as uncertainty in energy markets heightened volatility for nuclear fuel. Prices were pressured by recession fears amid worries that higher interest rates could dampen the demand for energy worldwide, exacerbating growth concerns in China due to strict Covid lockdowns that led uranium prices to sharply decline from 11-year highs in late April. Still, prices remain nearly 20% higher than levels before Russia’s invasion of Ukraine, as lingering concerns of sanctions against nuclear fuels led Western utilities to scrap for long-term contracts with alternative uranium converters and enrichers, well above their current capacity. As of 2020, Russia was responsible for 43% of the world’s uranium enrichment, by far the largest share of a single country.
Uranium - Price - Chart - Historical Data - News
Uranium increased 10.95 USD/LBS or 12.03% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Uranium - values, historical data, forecasts and news - updated on February of 2024.tradingeconomics.com
I wonder if this consolidation will result in a similar move after the last one from Sep-Mar.
View attachment 143834
View attachment 143833
Form 603 – Notice of initial substantial holder
We enclose an updated notice of initial substantial holder for Aura Energy Limited (AEE.AX), which was initially filed on June 24th 2022.
The previous notice included an incorrect disclosure of voting power.
Macquarie Group Limited’s voting power was 5.12% when we became a substantial holder on 21 June 2022, not the originally disclosed 5.33%.
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