Uranium has been in a huge selloff for several years. It looks like things may be looking up though with estimates approaching old highs through 2019.
With an IPO at $10 p/s and SPAQU currently trading at 17.56. Not a bad year.
I like the idea of building out a vehicle to consolidate an industry, streamline efficiencies, and then scaling up as infrastructure is built out. I like the idea even more when it has to do with unsexy businesses that print cash and/or extremely crushed sectors. Oil and Gas last year, Housing 09 and numerous other instances in between. Is Uranium next? Anyone want to back my SPAC?
Did you catch the Rhyme?
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