Yellow Cake is trading at a discount to net asset value and the company has communicated it will rely on share buy-backs if the discount persists.
The annual holding cost is expected to be relatively low compared to net asset value.
The tax sheltered location makes the upside more attractive than competitors.
Yellow Cake (OTCPK:YLLXF) is a lower risk investment in the uranium industry. The company buys uranium directly and is a good way to get exposure to the price of uranium without