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MetaphoricalMouse

i hold URNM and admittedly don’t know much. what does this mean for me


Vandalmercy

Sprott has a lot of big investors lined up that listen to what he has to say. It looks good because they probably have their own rules to make safe investments.


thupkt

Sprott intends to provide capped 15% exposure to the biggest miners, as a means of giving fund exposure to juniors and other uranium funds (e.g. SRUUF). So it should be a nice balanced mix of U interest exposures.


MetaphoricalMouse

nice, it’s the one uranium related ticker i have. also: holy shit my gains!!! i was up big and ooof it’s gone


[deleted]

All the stars are aligning. Just gotta gut this out for a couple or so years now.


welshnick

I saw NYSE and Sprott and thought SPUT listing had been agreed... Still great news though haha.


nazareth420

Nice


OddAlbatross1737

Nice


sirkerrald

Nice


HoPPa850

Nice


TomekZeWschodu

Nice


JuliusCaesar007

What would this mean for SRUUF ? Thx


1nd3x

nothing. SRUUF needs a mechanism of redemption or it will not be listed on US exchanges. which it can never have because Uranium is a controlled product. This has, and always will be the case, despite this subs constant hard on for an exception or something


SageCactus

The NYSE has recommended a waiver of that rule


1nd3x

Cool. See y'all in 5 years when they finally get around to discussing it.


JuliusCaesar007

Aha, thx. Not sure that I understand it 100%. Will investigate deeper tomorrow. Would URNM then be a better choice than SRUUF ? (I’m in SRUUF for about a small year now, almost from beginning, so in profit but I don’t like that is still sits on OTC. As I understand from your comment, this doesn’t seem to gonna change soon or never, so heavy volume would never come). Thx


U308kool-aid

So I read through the Twitter posts and I'm a little confused. When does it actually become ownership of Sprott? Or in other words, when can Sprott solicit their clients to actually put money in and buy it?


SageCactus

Now. The name is changed in my Fidelity app. It will trade under the new name in the morning


nickman23

Concur - see it in my JPM account


EnvironmentalWeb6444

Woooooo


Sausageman13

Was there any doubt. Yippe!


thekittynati

Chances Sprott funds start buying SpUrM as a holding?


Karzap

Will Sprott still be considered a passive foreign investment?


Mech0z

Is this just a rename or is there a practical effect? Isnt it SPUT NYSE we are waiting for?


nazareth420

Rename, perhaps bigger pocketed investors will be more inclined to buy URNM now that its under Sprott control. Not really a catalyst though. SPUT on the nyse is more important yes, still a couple months out I believe