Link to article:
Uranium trader Yellow Cake (LSE:YCA) made its debut on the AIM market of the London Stock Exchange on Thursday (July 5). Shares of the UK-based company opened at GBX 199.95 and grew slightly throughout the trading day.
The company, which is named after a synonym for uranium, is financed by Bacchus Capital, the boutique-style corporate finance firm established by Peter Bacchus.
In order to facilitate Yellow Cake’s AIM-listing, the company raised £151 million through an initial public offering (IPO), with an oversubscribed placing and subscription of 76.2 million ordinary shares, priced at GBX 200 a share.
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“Due to an exceptional set of circumstances, uranium is one of the few commodities yet to recover from the recent commodities bear market and we believe that uranium is currently fundamentally and structurally mispriced,” added Liebenberg.
This excellent news is further bullish conformation of my uranium thesis. More and more investment firms are coming to the realization that uranium in extremely undervalued. The result is to raise funds and buy physical uranium at these very low prices.
I expect that as time goes on we will see more news of additional new funding and investment into physical uranium.
If you are interested in understanding the bullish fundamentals that exist in the uranium market I encourage you to read my article on why I am bullish on uranium.
I have also made a couple of youtube videos on uranium: