Elevate Uranium Ltd (ELVUF)

It’s funny, because during this temporary decreasing uranium prices with a couple % after a 70% rise of the price in 5 weeks time, short term investors without DD on the matter think that the uranium price rise is over :)

1. But in fact each end of the month (Monday, September, 27, 2021) Nuclear fuel price reporter UxC set Month-end Uranium Spot Price used by market-referenced contracts to set invoice price on deliveries. To reduce costs, traders often try to walk-down Spot price in a "month-end smash".
2. SPUT has still ~850 million USD of their ATM to buy additional uranium, while the high season in the uranium sector has yet to begin (October -March)
3. Those temporary spotprice decreases tend to push the NAV of SPUT under the share price of SPUT ==> they only need a 1% premium over NAV to activate their ATM to buy additional U3O8 or UF6 in the spotmarket.

I suggest to take advantage of this temporary price decrease to buy uranium company shares

$CCJ $URA $ELVUF $U-UN.TO SRUUF, URNM, GLO.TO, FCU.TO, DNN, UUUU, ...