Yellow Cake Share Discussion Threads

[7kiwi] 28/6/2022 18:09

Back to a ~19% discount. Time for another buy back programme?

[7kiwi] 28/6/2022 18:05

jon, Kaz exports to China, but I don't think there's yet an established route for onward shipment from China to the west. Prior to the Ukraine conflict the Kaz Yellow Cake went through Russia to St. Petersburg. That route is effectively cut off now because the Canadian ships that can carry Uranium are not allowed to move the material. They have previously tested a route across the Caspian, Azerbaijan and the Black Sea, but that's also blocked at the moment because of the difficulty getting insurance for ships in the Black Sea.

[jonwig] 28/6/2022 16:05

Kiwi - you know the details better than me, but I think an export route from Kaz through China is operating. If production is disrupted, delivery would be, and China is concerned only with its own interests. A Russian military action against Kaz would need little force: Kaz's armed forces (like those of Belarus) are pretty feeble.

[7kiwi] 28/6/2022 15:03

jon, However, there's already disruption of Kazakh material being delivered to the West. Cameco announced only a few weeks ago that they hd delayed a shipment from its JV Inkai. But you're right, if there's a bigger confrontation between Russia and Kazakhstan, 40% or so of global U3O8 production is at risk. Probably mostly that material that is destined westward.

[jonwig] 28/6/2022 06:59

The Telegraph carried an article yesterday, "Fears grow that Russia could soon turn against Kazakhstan". That's behind a paywall, but this (free to read) is actually better, "Tensions flare between Russia and Kazakhstan over war in Ukraine ": https://responsiblestatecraft.org/2022/06/25/tensions-flare-between-russia-and-kazakhstan-over-war-in-ukraine/ Potential disruption of uranium production not mentioned, of course, but this would involve a possible clash of interest between China and Russia.

[7kiwi] 27/6/2022 22:36

Fascinating discussion on what's happening in the Uranium market. It's a must watch. hTtps://youtu.be/SwpDqe6GHIw

[bountyhunter] 27/6/2022 22:03

NAV 10Jun 431p! (Slide #7)

[aylingd] 27/6/2022 20:22

Thanks for the link 7Kiwi, very interesting presentation. D.

[7kiwi] 27/6/2022 19:44

I've been away, so not been on top of market developments. However, YCA as released a new investor pres. The last 3 slides are the most interesting I think: hTtps://www.yellowcakeplc.com/wp-content/uploads/2022/06/Yellow-Cake-Investor-Presentation_June-.pdf

[7kiwi] 24/6/2022 22:12

Apparently a ship due to carry enriched Uranium from Russia to the USA has been blocked. I understand it's a Canadian owned vessel and moving material from Russia would be violate Canadian law. hTtps://twitter.com/Sprott/status/1540359792253861894?t=G6G6o55bKjrmBtO8CJZ1ow&s=19

[sea7] 24/6/2022 17:14

Presentation by AL yesterday at the Red Cloud Summer Uranium Conference: htTps://www.youtube.com/watch?v=Wgm4-C9QKeg

[sea7] 23/6/2022 14:44

part of a Hedging strategy I suspect and based on recent movements, they have done alright out of it.

[apollocreed1] 23/6/2022 13:26

I note that Voleon Capital Management LP is short 1% of the shares of YCA. I wonder why?

[sea7] 22/6/2022 12:58

hTTps://www.otcmarkets.com/stock/YLLXF/quote

[skyship] 17/6/2022 14:19

Ducked out of YCA quite some time ago due to Kazakhstan being in Russia's pocket and the concern that Kazatomprom would renege on supply contracts. However, it would seem as though all the contracted uranium is now safely housed in Canada and France; and no reason now to think that the June delivery will be compromised. So, with the NAV discount perhaps at around 17%, YCA seems now to be at a quite sensible price again. Bought a few today - small allocation, so will add if possible below 330p.

[lovewinshatelosses] 16/6/2022 21:00

Shorts increasing here explains the share price dip in the last week, IMO. Will be topping up here, as and when/if this gets hit further.

[bpdon] 16/6/2022 14:19

_https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867

[sammyvdd] 16/6/2022 12:47

New to this board. Could anyone tell if (and where) I can find recent NAV values and share price discounts to NAV of YCA, please ? Any chart available showing the history ? Thanks

[+eysenck] 14/6/2022 18:12

There were quite a few chunky trades today, a £610k and £183k and lots of £35-45k ones. Likely to be sells given the share price action! These must be distressed sellers at these levels. The discount of nearly 20% was too tempting for me - in again. GLA

[mjneish] 14/6/2022 15:35

This is looking quite ridiculous now.

[7kiwi] 13/6/2022 19:33

Questor doesn't seem to have helped much today. Big discount to NAV now. Numerco have $50.25 as mid-price. A that I make NAV 432p. Closed at 359p, and 16.8% discount. That's massive.

[mrnumpty] 10/6/2022 14:01

The Questor column in today’s Telegraph ( page 25 ) mentions Yellow Cake in passing . The overall gist of the article is that dollar-denominated assets should rise against the £ because the US is now following a policy of quantative tightening whereas the Bank of England “ has not confirmed a date for any reversal of its money-creating programme “ . The sole reference to Yellow Cake is “ …. Yellow Cake … still benefit [ from growing strength of the US $ against the £ ] as the commodities they deal in are also denominated in the American currency “ .

[7kiwi] 10/6/2022 02:43

Cannacord's reflections on attending the Nuclear Fuel Market Conference (5-7 June). Detailed images of their note on this tweet. htTps://twitter.com/quakes99/status/1535052622171820032 Overall, the move to sanction or self-sanction Russian nuclear fuel is going to lead to more demand for UF6 and U3O8. And to incentivise new conversion and enrichment facilities in the West, long term contracts for those services and U3O8 are going to be required. Long term contracting cycles are usually accompanied by big price increases.