Yellow Cake Share Discussion Threads

[here and there] 15/4/2020 07:24

NAV about £2.75-80

onwards!

[quepassa] 15/4/2020 07:06

Energy Fuels + 19%
Denison Mines + 9%

On the TSX yesterday.



Uranium stocks in great demand

[yupawiese2010] 14/4/2020 16:02

The Namibian lock-down has been extended until May 5th, President Hage Geingob has just announced.

Awaiting clarification what the implications are for uranium mining at Rossing and Husab mines.



On the subject of Rossing mine they appear to also have major water problems, - not covid related.

[bmcb5] 14/4/2020 12:24

I've picked up a few more YCA today, after selling some lower conviction holdings

[2xs] 14/4/2020 11:47

UPC announce buyback. Yca already 5-6% cheap. Great way to play uranium possible rally

[yupawiese2010] 14/4/2020 08:48

Cameco extends shut down at Cigar lake as expected.

[quepassa] 12/4/2020 07:45

Easy to calculate.

On 23/3/20 Yellowcake declared that they had 9.6 million lbs of U3o8.

9,616,385 lbs to be precise.

For how they calculate their NAV, the same 23/3/20 RNS is informative.

Happy Easter.

ALL IMO. DYOR.
QP

[here and there] 12/4/2020 06:15

I guess it is complicated a bit by Forex dollar/pound changes

[here and there] 12/4/2020 06:14

Hi Folks

Has anyone got a number for this.

For each dollar rise in the spot price, how many pence is this worth in terms of NAV for YCA?

[yupawiese2010] 10/4/2020 21:29

If anybody is bored in this lock down period whether in the U.K or myself in Catalunya over this Easter period, you may wish to read this publication, aimed at the U.S market.

Issued by the Nuclear Energy Institute is a 40 page pdf file called "Just the facts".



Interesting to note that 1 Uranium fuel pellet, (the size of a pencil sharpener.)

= 1 tonne of coal.
or
=149 gallons of oil.
or
17k cubic feet of natural gas.

Given the U.S growing demand for new sources of
electricity—an increase of as much as 28 percent
by 2050, according to the U.S. Energy Information
Administration’s recent forecast

[quepassa] 09/4/2020 10:57

Important article in Mining Journal to-day:-

hXXps://www.mining-journal.com/covid-19/news/1384682/covid-19-cuts-possible-catalyst-to-right-uranium-market

ALL IMO. DYOR.
QP

[quepassa] 09/4/2020 07:16

Quarter-page article in today's FT (p 9 ), headed:-

" BRIGHT SPOT - Uranium enters bull market after supply warning from virus-hit Kazakh miner"

ALL IMO. DYOR.
QP

[yupawiese2010] 08/4/2020 13:37

As I type uranium has advanced to $30.65 per lb on the spot market - will it hold above this $30 strategic barrier ????



@bmcb5 - You will need to update the U chart again !!! LOL. ( a.t.b. )

[yupawiese2010] 08/4/2020 12:10

Cameco - Who operate the Port hope conversion facility in Ontario Canada have placed the conversion plant into temporary shutdown, for approximately 4 weeks.



It appears this is the only conversion plant in North America & just 4 in the Western world

[bmcb5] 08/4/2020 08:25

Increased trading activity this morning. Nice to see

[bmcb5] 08/4/2020 08:24

@yupa 239 & 253, I have added these links to the header. Thank you for sharing them!

The U charts in the header are a pain. If I edit the url, it refreshes the data, but otherwise it just sits there as a static image. So I occasionally nudge the date ranges, just to force it to refresh. Feel free to prompt me, if they've remained static too long.

Also finally got around to returning the header image. All important stuff :-)

[gwr7] 07/4/2020 21:06

Better to be here than the miners in the short term imo.

[yupawiese2010] 07/4/2020 18:03

Excellent podcast dealing with the Uranium sector after the announcement this morning that Kazatomprom would be shutting down there mines for 3 months.

Struggling to find direct link, without it being blocked - go to Cruxinvestor.podbean.com if necessary type in Brandon Munro

Short broker note by Numis.



We are told repeatedly that the spot price of Uranium is irrelevant, but this is the metric that YCA use to value the NAV of the fund - day by day its inching up even today's rise is equal to 4p per share if my calculations are correct.

[kallistos] 07/4/2020 15:12

Yeah Specto boasted he had sold YCA at 1.81 12 days ago. It's now 2.00 BID. Could go up further? Does he ever know what he's talking about? He seems to have lost a huge amount lately. I could never see why he bothered with his boasting everywhere.

[brianarthur1939] 07/4/2020 08:29

Cough! SpectoAcc?

[yupawiese2010] 07/4/2020 07:58

Ref above post here is a copy & paste statement to read the exact release statement for simplicity put out by Kazatomprom.

COVID-19: Update on Kazatomprom Operations
JSC National Atomic Company "Kazatomprom" ("Kazatomprom" or "the Company") announces the following update related to the impact of the COVID-
19 outbreak on the Company's business.
"As the impact of COVID-19 continues to be felt around the world, Kazakhstan has taken strong steps to slow the spread of the virus," said Galymzhan
Pirmatov, chief executive officer of Kazatomprom. "Measures imposed by the government of Kazakhstan, including restrictions on the movement of
people and strict hygiene directives, are now covering all regions where Kazatomprom operates and have been enforced at all of our sites and offices.
Our thoughts and thanks are with everyone who is helping to combat this global pandemic, especially healthcare workers, law enforcement services and
state authorities.
"Amid current conditions, Kazatomprom's first priority is the health and wellbeing of our staff and their families, our partners, and the communities where
we operate. In order to abide by local lock down requirements and reduce the risk of a localized outbreak, all of the Company's subsidiaries are
reducing the number of staff on site to minimum possible levels. All non-essential staff will return home with full pay, while those remaining on site will
operate within strict social distancing and hygiene practices. We are now working with our joint venture partners on assessing the full impact and
detailed implementation of this decision across all of Kazakhstan's uranium mines, and we appreciate their support during these challenging times."
These measures are expected to remain in place for three months, resulting in a lower level of wellfield development activity and, in consequence, a
reduction in production volumes. Based on that assumption, the Company expects Kazakhstan's 2020 annual uranium production volume to decrease
by up to 4,000 tU from previous expectations (previously 22,750 tU to 22,800 tU on a 100% basis), although the precise impact on production may vary
from this estimate.
The reduced production level is not expected to impact Kazatomprom's 2020 sales obligations, underlining its strength as a reliable supplier to the
nuclear industry. The Company has informed all of its customers that their full contractual requirements will be met.
The Company expects to provide updated 2020 guidance for attributable production, revenue, CAPEX, C1 cash costs, and All-in sustaining costs in its
1Q20 Operations and Trading update on 4 May 2020, following the completion of an updated macroeconomic assessment and the stabilization of the
Tenge to US dollar exchange rate.
Kazatomprom remains financially stable with a strong, unlevered balance sheet and a commitment to its dividend policy, including the minimum
US$200 million payment expected in 2020.
More than ever, this pandemic highlights the important role that nuclear power generation plays in providing a resilient and reliable source of clean,
baseload electricity for maintaining key services around the world, including hospitals, transportation, telecommunication, and food storage, as well as
the heating and lighting of homes.
For

[yupawiese2010] 07/4/2020 07:46

Kazatomprom to close mines for 3 months.



Will post further details tonight pushed for time at moment.

[yupawiese2010] 03/4/2020 13:27

Im sure the majority are all aware of the Mike Alkins uranium videos, here is a link to his 28 page file called.

Essential Facts Needed For Price Discovery in the Uranium Market.

This presentation is from Oct 19 ( pre covid19.)



Interesting reading.

On a secondary note. - Shymkent region of KAZ will be introducing quarantine precautions from 4th April it is important to remember, that the mines are not in this region.



covid cases in Kaz.

[yupawiese2010] 01/4/2020 12:47

Cigar Lake could be closed until at least July according to Canadian Government.



Post updated - Additional info in respect of covid19 in Kaz.