They have definitely found their own niche. We think this will appeal to institutional investors as it can't trade at a discount to NAV like the two existing physical uranium funds.

@@uptrendfinance absolutely as mentioned in the interview yellow cake and SPUT impacted significantly on general equity market sentiment which makes it not a pure play on uranium. The arb may never close on them and I’m sure is frustrating home offices and hedge fund institutional players who went down the SPUT road. Would not be surprised to see further discounts to nav in SPUT with big hitters liquidating to enter this new physical product offer