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RE: So, what happened this morning?30 Aug '22
You haven't been keeping your finger on the pulse here the last few days :)
https://www.fool.com.au/2022/08/30/bannerman-share-price-explodes-24-as-asx-uranium-explorers-soar/
RE: So, what happened this morning?1 Sep '22
Coverage
https://www.fool.co.uk/2022/09/01/2-hot-growth-stocks-that-could-fly-this-month/
Uranium price still edging up a little in a soft market generally.
RE: Next purchase from KAP26 Aug '22
I think that they may hold up on KAZ purchase because it has bad optics. They are better off just holding what they have than buying risky KAZ Uranium.
Obviously someone with a lot of money mopped up the discount to NAV recently, and I am wondering if this is asset manager action or perhaps (as a long shot) related to the Sprott Uranium trust listing..... might Sprott buy YCA to effect their UK listing?
RE: Next purchase from KAP30 Aug '22
> Looks like YCA might need to raise cash soon then
Only if they choose to buy more U3O8, which I'm sure they will only do when the shares are trading at a premium.
> as they won’t sell any Uranium I’m sure?
I am sure too. I've had some comms with Mr Liebenberg - left me with the very strong impression that he's keen, based on shareholder feedback, to not sell down the U3O8 assets. He didn't do it when at a 20% discount, so I would be shocked if it was done when trading nearer NAV.
RE: Next purchase from KAP3 Sep '22
resident idiot posting meaningless information
Derek Quick on Wall Street bets4 Sep '22
RE: Derek Quick on Wall Street bets6 Sep '22
You can watch him on Youtube - very informative.
Uranium Insider interview7 Sep '22
Interesting
https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A
another interview7 Sep '22
Fire side pre WNA Symposium video chat hosted by Nick Lawson of Ocean Wall talking to CEO Andre Liebenberg & Justin Garrow.
https://oceanwall.com/uranium-fireside-chat/
11 Authority to allot shares 71,657,809 86.21 11,462,542 13.79 83,120,351 45.40 14,2057 Sep '22
What's this "Authority to allot shares" in the AGM RNS - 'only' got 86.21% support, low compared to the positive votes for all the other resolutions ?
Also, Bloomberg story "Uranium Risks Becoming the Next Critical Minerals Crisis" https://archive.ph/SfGMm
It talks of the squeeze that we uranium-longs hope for, but gives an example of a mine that is ready to supply Uranium at short notice.
I'm starting to doubt the 'squeeze' will be as significant as I thought when I was first buying YCA a year ago. This, plus the reduced discount, motivated me to have sold down most of my holding over the last couple of weeks.
GLA.
RE: 11 Authority to allot shares 71,657,809 86.21 11,462,542 13.79 83,120,351 45.40 14,20512 Sep '22
Thanks for sharing Snooz. Volatility here has surprised me and I expect it to continue and magnify both up and down movements so providing potentially good trading opportunities.
Your NAV tracker is a welcome legacy from your time invested here!
RE: 11 Authority to allot shares 71,657,809 86.21 11,462,542 13.79 83,120,351 45.40 14,20512 Sep '22
>Your NAV tracker is a welcome legacy from your time invested here!
I'm still invested, only it about a 15% of what I was at my peak holding.
>magnify both up and down movements so providing potentially good trading opportunities.
I'll be buying on any of those down movements or if/when the discount is above 10%.
I read up on the "Authority to allot shares" thing - it's re. permission to issue shares for the Kazataprom option + a bit more to buy more U3O8 in the spot market. And, separately you may take my word for it that management clarified they "do not intend to issue shares at a discount to NAV".
RE: 11 Authority to allot shares 71,657,809 86.21 11,462,542 13.79 83,120,351 45.40 14,20512 Sep '22
Excellent info thanks. I've also found Andre responsive.
I'm using a trading pot and long term pot here but currently 85% remains long with only 15% trading.
I was using 15% discount to NAV as my buy trigger but that strategy needs reassessing
URNM Sprott22 Sep '22
I note that yellowcake is the 7th largest holding in sprotts URNM etf
https://sprottetfs.com/urnm-sprott-uranium-miners-etf/#holdings
Yellow Cake PLC $40,808,754.39 JE00BF50RG45 YCA LN BF50RG4 9,020,363 4.41%
Nuclear engineering international26 Sep '22
https://www.neimagazine.com/news/industry_news_archive.html
Published continuously since 1956 with more than 60 years of being an independent nuclear technical journal, Nuclear Engineering International covers all aspects of civil nuclear power generation and its related supply chains globally.
Topics covered range from front-end fuel cycle to power plant operations to decontamination & decommissioning. In addition to technical subjects, we also cover market developments, economics, government policy and management issues.
kazakhstan26 Sep '22
https://www.bne.eu/kazakhstan-offers-europe-chance-to-kick-its-russian-uranium-habit-257334/?source=czech-republic
The uranium producer stated in its mid-year financial statement that it has the confidence to target 2024 uranium output that will be 2000–3000 tU (tonnes of elemental uranium) over the anticipated 2023 level, thanks to mid-term and long-term contracts.
Analysis of Yellowcake & Uranium spot price27 Sep '22
A detailed analysis of YCA.L and Uranium spot price trends: https://www.youtube.com/watch?v=DNC0IRA5e-A
latest view from oceanwall on uranium marketThu 08:56
https://oceanwall.com/wp-content/uploads/2022/10/Transport-Report.pdf
At the current rate of Chinese procurement of uranium, coupled with their plans to build eight new reactors a year, we could see China sequester 4-5 years of global consumption. With global annual demand for uranium at c.200m lbs/year, that’s potentially 1bn lbs of uranium sequestered from the market.
In addition to the current uranium procurement strategy being executed in China, the government also announced the creation of a strategic uranium stockpile on the Chinese Kazakh border. The Alashankou Uranium Bonded Warehouse is expected to hold 23,000 tons of uranium, equivalent to the annual production of Kazakhstan. While it is estimated that ‘only’ 3,000-4,000 tons are currently being stored at this location, in 2023, this will increase four-fold.
RE: latest view from oceanwall on uranium marketThu 11:47
https://media-exp1.licdn.com/dms/document/D4E1FAQFg3RlvLOgOLQ/feedshare-document-pdf-analyzed/0/1665572691377?e=1666828800&v=beta&t=wpVwi-nWmKtemTeOM4vu3jCUH9q-L9GtpEGA035ff44
One view for short-term price upside is due to anticipation that utilities will become more active in the market towards the end of the year. Our conversations with those in the industry have concluded that Q4’22 should be an aggressive quarter of term contracting from utilities, driving total contracted term volumes to and possibly beyond 100m lbs for the year.
Others anticipate that the current broader market environment will soften and see SPUT
return to the market for a strong end to the year. With broader market headwinds calming, SPUT can rejuvenate what has been a comparatively quiet year in uranium purchasing. Both of these outcomes would add further pressure to prices.