Yellow Cake Share Discussion Threads

[7kiwi] 06/2/2023 00:07

Numerco opens the week with a slight tick up in spot price to $51.25/lb.

htTps://twitter.com/numerco/status/1622384805491998727?s=20&t=CCSQLPO8Hy7rn-0WGNdKJw

[7kiwi] 04/2/2023 00:04

Looks like SPUT raised about $750K today, stacked no lbs, leaving about $56.7m on the balance sheet, enough for ~800K lbs.

[7kiwi] 03/2/2023 20:25

Spot up marginally today so far. But SPUT trading well down. However, it did trade above NAV early on so might raised a bit of cash today.

[lovewinshatelosses] 03/2/2023 10:54

I was toying with the idea of joshing you about that oversight, 7kiwi :)

[7kiwi] 03/2/2023 10:14

Ooops. My mistake I added the GBP amount to the cash cell denominated in USD. So, with the $75m added instead, it looks like this.

[7kiwi] 03/2/2023 08:59

Here's my best estimate of NAV after the raise. 15m more shares and £61.8m more cash. Valued at Numerco mid-price of $51.18/lb. Back to a $1bn dollar company.

edit see below.

[7kiwi] 03/2/2023 08:09

Placing raised to $75m due to investor demand. Expect some turbulence until the market digests this.

[7kiwi] 03/2/2023 00:13

SPUT raised ~$7.7m today. Didn't stack any more U3O8, so has $56m on hand. Enough for another 800K lbs or so, leaving some float for expenses.

[7kiwi] 02/2/2023 17:58

Numerco ticked up to $51.18/lb mid-price just now. Maybe the market reacting to the YCA raise and SPUT continuing to trade above NAV today, so more cash raised for stacking. We won't know until later if they've bought anything today, but they do have cash to do so.

htTps://twitter.com/numerco/status/1621205816157130754?s=20&t=aBFcwEyOMSDS5DWHGvSnaQ

[lovewinshatelosses] 02/2/2023 17:48

Looks like I may have timed my sell quite well, assuming we get the typical discount in the weeks ahead from the 412p level - not the core holding though. My position has not changed from the other day. Who knows, maybe the trading range will be different this time? Hence keeping something on the table, pretty much regardless. GLA.

[7kiwi] 02/2/2023 17:24

They're playing a bit fast and loose with the NAV calculation. Buying the U3O8 at $48.90/lb from KAP and valuing the whole holding at that level gives a NAV of 412p which is the placing price.

So, when the book build is over, we might expect the share price to fall towards 412p as the participants lock in instant profits.

But, overall they're taking another 1m lbs or so off the market, further tightening the already tight market, so will probably end up being a good thing.

Plus, this is using $50m of the 2022 option. All of the $100m 2023 option remains intact.

[7kiwi] 02/2/2023 17:03

DOn't know why advfn isn't showing this, but YCA proposing a placing to raise ~$50m. That's about 1m lbs of U3O8.

htTps://otp.investis.com/clients/uk/yellow_cake/rns/regulatory-story.aspx?cid=2392&newsid=1665962

Quarterly operating review out too.

htTps://otp.investis.com/clients/uk/yellow_cake/rns/regulatory-story.aspx?cid=2392&newsid=1665952

[7kiwi] 02/2/2023 12:45

Moderately good news from the EU Parliament. They have called for "an immediate and full embargo on imports of fossil fuels and Uranium from Russia". However, the EU Parliament doesn't really have any power. It's the EU Commission that calls the shots, so for now, it's only symbolic.



The text was adopted with 489 votes in favour, 36 against with 49 abstentions.

Full text here:


hTtps://www.europarl.europa.eu/news/pt/press-room/20230130IPR70207/meps-say-work-on-ukraine-s-eu-future-must-start-now

[7kiwi] 02/2/2023 10:06

SPUT raised $15m yesterday and bought 300,000lbs of U3O8. So still have $48m of cash, probably $30m of that available for stacking. So, capacity for another 600K lbs or so.

They've bought over 1.2m lbs YTD and the spot price hasn't moved much. I guess it's only a matter of time before there's a significant move.

[7kiwi] 01/2/2023 21:16

YCA ought to be doing well tomorrow.

SPUT traded at a premium all day on decent volume so they have raised more cash today. Miners seem to have finished well after the market reacted positively to the Fed.

[lovewinshatelosses] 31/1/2023 08:32

I am unlikely to cash out of here entirely ever again - well, unless something company-specific occurs of course. Have still made better profits here (so far) scalping than if I had just bought and held, so happy with my strategy. GLA.

[7kiwi] 31/1/2023 00:06

Looks to me like SPUT raised about $10m, bought 300K lbs of U3O8, and has nearly $55m on hand.

[7kiwi] 30/1/2023 23:34

Yes, nice move in YCA today on strong volume.

SPUT also traded above NAV all day on decent volume so they raised more cash today. Spot up a bit too. It remains to be seen if they bought any more U3O8 today.

[sea7] 30/1/2023 19:58

htTps://twitter.com/quakes99/status/1620116539000356865?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

#UK-based physical #Uranium fund Yellow Cake PLC $YCA on London's AIM🇬🇧; was briefly trading back at NAV😀 as it surged higher today.⏫ Investors can track $YCA's implied #U3O8 price on their website in real-time, closing today at a 2% discount to NAV.🧐 👉hxxps://yellowcakeplc.com

[sea7] 30/1/2023 19:35

lovewinshatelosses - yep, YCA has a habit of getting very close to NAV and then retracing at least 5% to 10% - I suspect we are seeing some of the SPUT effect on spot prices as they have been issuing shares and stacked another 200k lbs last week.

I also sold into the rise and banked profits, whilst retaining a decent position, incase we do see further rises, before a pull back

[lovewinshatelosses] 30/1/2023 16:51

Cameco earnings update on 9th Feb should be interesting. I would imagine that costs are up considerably, as they have been across the mining space as far as I can tell. That is one of the attractions of an outfit like YCA IMO. Nonetheless, trimmed a few again hoping to repeat the trick and buy back at 390p or so. GLA.

[7kiwi] 30/1/2023 11:17

Looks like somebody is listening.

[7kiwi] 28/1/2023 22:36

I wonder if the market is going to work out that if they drive YCA to a premium, that will allow the company to activate the option with KAP to buy another $100m of U3O8 to add further torque to the supply deficit?

[sea7] 28/1/2023 11:37

yep - good to see!!