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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Yellow Cake Plc | YCA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 7.00 | 1.14% | 623.50 | 13:08:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 617.00 | 613.00 | 627.00 | 616.50 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Top Posts |
|---|
Posted at 12/3/2024 20:59 by bountyhunter Major shareholders:(scroll down) |
Posted at 11/3/2024 21:49 by 7kiwi Mjn,Of course there's SPUT whose material is staying put. Zuri-invest is probably small. I have seen/heard interviews where it is thought about 20 hedge funds have their own physical uranium accounts. It is also rumoured that some have been taking profits. Moreover, there's a drip feed of material coming from traders with small balance sheets who have offtake agreements with producers who have to sell to maintain cashflow. Even if the hedge funds have say 20m lbs, which is another YCA, even that won't cover even this year's structural deficit, let alone next year. Apparently, volume in the spot market is also low. Do, I think this is a correction in a secular bull market and not the top. I think KAP announce their full 23 financial results on Friday, when we shall see their year end inventory and their capex plans for this year which might offer some insight into what they might produce in 2025. |
Posted at 11/3/2024 17:11 by dickiehh Does anyone else think the fall in YCA looks overdone? Spot U308 prices still above $92 |
Posted at 05/2/2024 19:49 by 7kiwi Mjn,I think the endgame is that a consortium of producers and/or utilities buy YCA. 21m lbs covers about half a year of the structural supply deficit that is set to continue for the next few years. Although I don't expect that for a while yet. And it would have to be at NAV or a premium for shareholders to agree. |
Posted at 02/2/2024 10:33 by 7kiwi We should run a book on when YCA breaks the £2bn NAV mark. Market cap already puts it at about 80th position in the FTSE-250. |
Posted at 01/2/2024 11:03 by jaf111 Maybe KAP will have to ‘borrow’ some U from YCA to enable it to supply its contract with YCA 😳🤔&# |
Posted at 26/1/2024 15:18 by 7kiwi Spot up 0.50 to 101.50/lb but the sector seems weak today, including YCA. |
Posted at 23/1/2024 13:45 by 7kiwi Rimau,I don't think there's a raise imminent. First there's $33m on the balance sheet. Second, raising now would be dilutive to existing shareholders and all prior raisings have been neutral or slightly accretive. They won't raise at such a discount, imv. Nimbo, At current Numerco mid-price of $106/lb and share price of 712p, I make the discount 15.8%. It's big, but nowhere near 20%. I would think a buyback is much more likely than a raise. But I suspect they will wait to see how the market reacts to the upcoming statements from KAP and CCO before deciding whether to do a buyback or not. If YCA does get to NAV and thinks about raising, I wonder if KAP has the material to honour the $100m option? I suppose what works in KAP's favour is that $100m now buys less than 1m lbs, whereas not too long ago it would have bought 2m lbs or more. |
Posted at 20/1/2024 10:40 by 7kiwi MrN.Kazatomprom is already under significant influence from Russia and China. According to this press report, China has contracts for 60% of Kaz production and Russia 26%, leaving just 14% for the west. Iirc, even Cameco did a deal to sell some of its share of Inkai production to China. The option with KAP was and is valuable, but even if the option is somehow terminated early, I don't really see how that negatively impacts YCA's share price. It would underline the scarcity of western material and push up the per pound price, pushing up YCA's NAV per share. It's NAV per share matters far more than total NAV of the company. As I said before, my own view is that at some point YCA will be taken out by a consortium of producers and/or utilities. There's a 30-50m lb p.a. structural deficit in the market for the next few years. YCA's 21m lbs will help mitigate the deficit in one of those years. It would have to at least be at NAV though for shareholders to approve such a deal. |
Posted at 23/12/2023 00:45 by 7kiwi I am not sure what the end game is. My best guess is that the 1-3 year Uranium shortage becomes so bad that a consortium of utilities or producers decide to take out YCA at NAV or a small premium.Justin Huhn keeps saying "there is no safety valve". I think YCA will be the safety valve. |
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