I agree that it is difficult to believe that tariffs are going impact nuclear energy generation, or demand for uranium. Mos is sold years ahead, so a dip in market prices ought not to impact the miners' current profitability either.
The longer the uranium price remains below the level at which it is economic to expand production, the higher uranium prices ought eventually to go.
All the same, in this market I would like to see evidence that the bottom is in before buying. In a worldwide market sell off, prices can overshoot substantially to the downside, just as they can overshoot to the upside when markets are soaring.
Probably we have seen an overshoot to the upside when uranium prices rocketed way ahead of short ands medium term demand, and now we shall see an equally extreme reaction to the downside, again without much change in demand. |
i tend to be stupid, but i think buying at around 30p in the long term will be a good business. despite hurting now seeing lower prices on the daily chart.
1. investments will move to producing cash flow and not eating cash
2. consumer base is being built
i will just grow my carrots and wait for it to happen and feel good how smart i am loosing tons of money atm |
Had to have a nibble this morning. It could easily get worse, or this could be peak fear. Happy to take my chances |
i was very wrong - agree |
Looks like yesterday wasn't the bottom, kaos3 |
yesterday i added 10k - tarrifs and technical charts made me do it
today uranium futures are up... maybe we hit the bottom and the worm will turn
also on the above charts all are turning their trends but paladin |
The fees on Geiger Counter are not cheap, and I don't get the impression that they do any better than a PI when it comes to share picking. The only merit of holding it, as I see it, is that it provides exposure to a basket of shares. As for the annual buying opportunity, it looks like a case of 'next year Rodney, next year ...' Lets hope so anyway.
Most of my uranium position is in Cameco (which fortunately I bought before the big spike up a couple of years ago) and in Yellow Cake, which I trade a bit. Well down on my last purchase which has proved much too early. All that can be said in mitigation is that I had previously sold a few at a higher price! |
Thought it would have bounced by now, I have to admit. Lots of patience required |
free stock charts from uk.advfn.com |
FREEFALL....... |
Some good background here... while we wait for a recovery...!
All About Uranium Fuel
"Today, we talk uranium nuclear fuel. I spoke with MIT's Professor Koroush Shirvan, who rejoins me after our first interview on Small Modular Reactors. Now, we dive into the hidden complexities of nuclear fuels. From early fuel experiments that saw uranium rods turn into spaghetti-like structures under neutron bombardment to the intricate economics shaping the future of fuels like TRISO, Shirvan offers clear insights into the realities behind nuclear power’s remarkable yet challenging fuel technologies.
Keep watching to discover how history shaped today's dominant fuel choices, why accident-tolerant innovations are critical, and about the economic realities that could either launch or limit the nuclear renaissance." |
Uranium Supply Is Massively Short - Here’s How to Profit From It!
Some good discussion here.... |
This is capitulation imo. The bounce should be strong when it occurs |
I'd like to pick up some more but both GCL and Uranium spot are in nasty downtrends. Not really quite sure what will turn things around. |
this year there will be no buying to get the annual subscribtion rights
1 st of may 2024 GCL price is too high |
fresh thoughts after the dip...? |
Saba increasing again from 11.2% to 12.2% |
Saba increasing again.
10.4% to 11.2% |
Silver, Platinum, & Uranium Poised For Major Moves | Steve Penny
Uranium from about 19 mins if you don't have time/interest in the PM's. |
Significant leap in NAV just announced
from 57.55p to 61.15p |
You assumed correctly... but I screwed up and had quoted the share price of GPM (which I also hold) from the same stable.. (and it's with a "similar" NAV as here, ie. a big discount)
ooops... sorry..! must be more careful in future..!! |
Thanks, Steve. Silly question...NAV is clearly Net Asset Value, but what does share price refer to? I would have assumed Share Price but obviously not. |
NAV - 55.9 > 57.55 20-21st +2.95%
SP - 37.25 > 38.5 21-22nd +3.3%
Main constituents were strongly up yesterday so we should be poised for another good session today. |
thanks kaos - great romp. |
a movie about uranium.... bloke stole uranium |
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