IN BRIEF: Yellow Cake commences USD10 million buyback scheme
Yellow Cake PLC - Jersey-based investor in and holder of physical uranium, founded by Bacchus Capital Advisers - Starts a buyback programme worth up to USD10 million over 60 days. Notes the recent widening the company's discount to underlying net asset value, and says the share price represents an "attractive opportunity" to increase shareholders' exposure to its uranium holdings at a discount to their underlying value. Adds that broker Canaccord Genuity Ltd will carry out the share purchases on the company's behalf. Read More