Meanwhile, Tribeca is also readying the launch of a new fund specifically targeting the uranium sector.
It is understood the new closed end fund is seeking to raise $100 million and will be run by Tribeca’s commodity trading head, Guy Keller, who formerly ran base metals trading for Macquarie Group in Asia.
Marketing material for the new fund, obtained by Street Talk, suggests the price of uranium could more than double over the next five years which Tribeca reckons would see producers' share prices rise more than 500 per cent and in some cases by as much as 1000 per cent.
SP up to 1000%
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$8.20 |
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Mkt cap ! $2.955B | |||
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