"Amazon has made a direct investment, the first of its kind, into building nuclear reactors to power AI.Amazon is investing in X-Energy and joining Washington-based nuclear operator Energy Northwest to deploy nuclear energy in a planned 5 GW fleet by 2040."https://x.com/energybants/status/1846533369057743097?s=19 |
Google inks deal with nuclear company as data center power demand surgeshttps://www.cnbc.com/2024/10/14/google-inks-deal-with-nuclear-company-as-data-center-power-demand-surges.html?__source=androidappshare |
From John Quakes tweet "It's been reported that Goldman Sachs reactivated its Uranium trading desk last week, buying lbs in the Spot market"https://x.com/quakes99/status/1845515777820217747?s=19 |
The shrinking of the discount to NAV of uranium equities like YCA and GCL is one of the strongest indicators of the direction of travel in these uranium investments going forward. |
The discount to NAV is the lowest it's been for some time.
Is there enough momentum to take it to a premium so they can exercise this year's option with Kazatomprom? |
looks as though all uranium stocks up today, cameco, yca, leu etc |
Up on decent volume today. Has the worm finally turned? |
Ker-pow!💥29354; #Russia's President Putin on a live TV broadcast suggests that Russia should retaliate against foreign markets limiting exports to Russia by limiting its own foreign exports of strategic raw materials, lists #Uranium as his first choice. |
Great article here that sets out the uranium situation very clearly. |
Nice overview of sector..
The COP28 UN climate conference in December 2023 provided more evidence of nuclear power’s integral role in the decarbonisation of energy, where a monumental international agreement was reached to triple nuclear generating capacity by 2050.
For this to be achieved, trillion of dollars of investment will be needed to fund a vast number of new projects. Long-term demand for uranium would almost certainly surge. Due to a lack of sensitivity to the uranium price on the cost of nuclear energy generation – at $80/lb the uranium cost is estimated to make up around 6% of the overall cost in the production of electricity meaning that material increases in the spot price are manageable for utilities – GCL’s managers have confidence that the price of uranium will continue to rise. |
I'm no trader, but when the price closes at 500p it's natural to suspect that it's being engineered. |
How to choose between this and Cameco? Any suggestions? |
Just added more to my holding here. |
I've just come across the latest interview with Justin Huhn (Uranium Insider) published four hours ago. |
As predicted by G&R in post 2288. Added yesterday due to G&R’s analysis. |
SP up on Kazatomprom reducing 2025 output guidance this morning?
2025 Production Plan Update
Kazatomprom has previously warned that if limited access to sulphuric acid continues throughout this year, and should the Company not succeed in catching up with the construction works schedule at the newly developed deposits in 2024, Kazatomprom's 2025 production plan may also be affected. The Company is now adjusting its initial intentions for 2025 production volumes of 30,500 - 31,500 tU (100% basis). Kazatomprom's 2025 production is now expected to be between 25,000 and 26,500 tU (100% basis), an approximately 12% growth compared to its 2024 guidance. |
Dated 16th July 2024 from a report of the 12th July...
Yellow Cake Plc
According to its last quarterly operating update, the company has uranium holdings of 20.16 Mlb of U3O8 as of March 31, 2024. This increased to 21.68 Mlb on delivery of 1.53 Mlb by Kazatomprom in June 2024.
Analyst Mike Kozak of Cantor Fitzgerald maintained his recommendation of the stock in an updated research note on June 5.
"We are maintaining our Buy rating and GBP£9.75 target price on Yellow Cake based on 1.0x NAVPS, a GBP/USD FX rate of 1.25, and an unchanged long-term uranium price forecast of US$120/lb U3O8" Kozak wrote. |
@quakes99
Plenisfer Investments SGR SpA of Milan, Italy, are buying up shares of Physical #Uranium Fund Yellow Cake PLC $YCA in London🇬463; at $63/lb #U3O8 ⚛️ϡ5;️🛒 acquiring over 6.7 Million shares to become a new 3.1% major holder of $YCA shares. |
added today |
Uranium is holding steady. |
Cut my position at 500p. Will wait & watch awhile... |
Chart looks awful! Next stop around £4 before buying time.. |
You can search for the most recent interviews of his on YouTube. Here are the two most recent ones: |
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