Geiger Counter Share Discussion Threads

[7kiwi] 04/3/2024 17:51

Bottlenecks are a sign of strong demand. Typically, utilities source enrichment first, then conversion, then uranium. You are right that the conversion bottleneck is not solved, the demand for uranium cannot rise above that capacity, unless there's restocking. But the rise in conversion prices is stimulating new supply.

[swanvesta] 04/3/2024 17:33

7Kiwi, nice article. One thing I don't understand about the uranium market - why should enrichment bottlenecks and overfeeding be bullish for U308 and the miners when there is an even tighter situation in conversion?

[bountyhunter] 02/3/2024 21:43

Subscription rights @37.74p getting closer - for holders on 30 April 2024..

[7kiwi] 01/3/2024 21:38

Overdue bounce and PDAC conference

[donald pond] 01/3/2024 16:24

NXE up 7.75%

[walter walcarpets] 01/3/2024 14:49

Decent opening over the pond. Hopefully a trend reversal.

[bpdon] 26/2/2024 09:33

Fantastic Substack @kiwi. Keep up the great work.

[7kiwi] 25/2/2024 23:28

The looming Uranium shortage and what it means for energy security.

[1solon] 14/2/2024 16:41

URNJ coming to UK next week for those with an elevated risk appetite https://x.com/hanetf/status/1757695738555834689?s=46&t=FFvn-KoaXwXFJcr8LTY43w

[greedfear] 13/2/2024 16:43

I like your thread on X. Cheers!

[7kiwi] 13/2/2024 15:42

I wonder if they're going to buy back some more stock today?

[7kiwi] 13/2/2024 10:03

I did a thread on Cameco's results. I think they're in a pickle for the next 2-3 years.

[1solon] 13/2/2024 08:35

Agree 7Kiwi - this was reported sometime ago on X (KB) I think CCO will become a good buy again once the U euphoria has quelled as it's vertically exposed to the full nuclear cycle but others more interesting at the moment

[7kiwi] 12/2/2024 17:47

Stocks not really responding yet, but spot on the move again. $103.75/lb mid according to Numerco.

[7kiwi] 12/2/2024 15:23

Buyback seems to have put a rocket under the stock today.

[bountyhunter] 09/2/2024 16:41

Next week will be key and the ascent may not have finished yet, nothing goes up in a straight line :-)

[7kiwi] 09/2/2024 16:39

Indeed. Closed above the 50MA and so far at least, the North American stocks (ex-Cameco) seem to be staging a small recovery.

[bountyhunter] 09/2/2024 16:30

So it looks like we are closing not far off 60p as I wondered earlier. The reason being that with that close I wouldn't say that the longer term chart has 'broken down' at the present time as it's based on closing prices not the intra day low earlier.

[walter walcarpets] 09/2/2024 10:40

This chart might calm a few nerves.

[7kiwi] 09/2/2024 10:10

I can see why Cameco sold off. It became very apparent that their order book is not very well geared to rising prices. If spot stays at $100 this year, their sensitivity analysis suggests they'll realise 58. If it goes up to 120, they realise 59.

But that should be bullish for other developers. And the very wide structural deficit is still there. Uranium is very volatile.

[bountyhunter] 09/2/2024 09:57

There seems to be more volatility with the GCL chart than say YCA where the chart has not broken down (as I type) if that's any consolation! Also if GCL recovers to around 60p by the close today you can still see an uptrend on the longer term chart here.

[bpdon] 09/2/2024 09:14

Wow, that is a rough couple of days. Like others have said, I also struggle to see what in the Cameco update yesterday justifies such a sharp and broad pull back across all U equities.

I don't personally ascribe too much value to technical charts. But it is hard to ignore that the trend since last Autumn now looks to be threatening to break down. Hopefully we see some stability emerge in the next few sessions and the volatility settle.