Yellow Cake Share Discussion Threads

[jaf111] 02/9/2020 08:36

Agreed....the company made a great play about the enhanced buyback but clearly the substantial discount remains.

The recent subdued U price, coupled with the weakness of $ vs £ would appear to have worsened sentiment at least in the short term. IMO the long terms attractions remain as strong as ever so just keeping patient!

[yasx] 02/9/2020 08:15

It would appear a more substantial and aggressive buyback campaign is required to bridge the gap to NAV since by my assessment the existing campaign is nearing the end now (ought to complete this month) and has not had much of an impact.

[johnv] 25/8/2020 09:43

Moving in the right direction now. Is there a reason why they can only buy 60k number of shares per day and no more.

[lord mandelbaum] 19/8/2020 13:39

That's excellent news for our tribe. It's about as explicit a statement they could make about cutting production because the underlying price is too low.

Bravo Kazatomprom!

I'm going to buy a few more YCA plus will top up some of the Uraniuum miners I already hold.

[yupawiese2010] 19/8/2020 12:40

Kakatomprom production schedule.



As one can observe they are not going to ramp up production to attempt to recover the lost lbs due to lock-down

[jaf111] 17/8/2020 07:59

Following on from Telegrahp tip, now Punt of the Week in Daily Mail (15 Aug)...

[3rd eye] 12/8/2020 15:27

Tipped in the Telegraph yesterday..........

[3rd eye] 12/8/2020 15:19

Gosh dont know how you guys can stand this heat and post away like today. Its absoulutley scorching here.

Anyway YELLOW CAKE (uranium) YCA, last reported NAV £2.77p per share market share price today £2.16p per share and big supply problems to hit the industry in the coming months.No problems with YCA SUPPLY. share price should rise considerably but you will have to be patient.

Read the last YCA update below.......



Ive taken a medium sized trade out.

[jaf111] 11/8/2020 07:40

Daily Tel Questor tip....

[lord mandelbaum] 10/8/2020 15:18

Dipping in to buy a few more. If you're a Uranium believer then the current share price is a steal, especially with YCA's beefed up buy-back.

[skyship] 04/8/2020 14:57

Uranium rallies to 32.3.....if it breaks 33.0, then game on - first target 40.0

[bmcb5] 04/8/2020 08:46

YCA also have the option to buy $100m U3O8 from KAP at spot price.

[leading] 04/8/2020 07:58

Kazatomprom are going to have reduced U3O8 production for the next six to nine months due to Covid issues. They are going to run down their inventories considerably. They might need to buy in the spot market.

On the other hand, YCA have a close relationship with Kazatomprom. I wonder if YCA are considering lending some of their U308 back to Kazatomprom in return for extinguishing or varying the existing KAP buyback option. Could be a cute move.

[yupawiese2010] 03/8/2020 11:20

Kazataprom buying in the spot market..

The volumes transacted in the spot market increased considerably in the second quarter, following
announcements from several producers indicating the global pandemic would have an impact on primary
supply in 2020. Over the quarter, the market saw a steep spot price increase from about US$27.50 at the
beginning of April, to US$34.00 by the end of May. Utilities remained largely on the sidelines, their focus being on ensuring the safety and continuity of their operating environments amid COVID-19. Producers and intermediaries were therefore the primary buyers in the spot market throughout the quarter, replacing lost production volumes with tonnage from the spot market to backstop their delivery obligations.

According to third-party market data, spot volumes transacted over the second quarter of 2020 were nearly three times higher than the same period last year. A total of 27.3 million pounds U3O8 (10,500 tU) was transacted at an average weekly spot price of US$32.56 per pound (compared to 10.5 million pounds U3O8 (4,050 tU) at an average weekly spot price of US$24.88 per pound in the second quarter of 2019).

Long-term Market.

In the term uranium market, third-party data indicated that contracted volumes amounted to nearly 3.5 million ounds U3O8 (1,350 tU) through the second quarter of 2020, compared to about 17.7 million pounds U3O8 (6,800p U) in the second quarter of 2019. Although the term market saw a sharp drop in activity in the second quarter of 2020 compared to last year, the average long-term price increased by about US$3.00 per pound U3O8 to US$35.50t

(reported only on a monthly basis by third-party sources).

[yupawiese2010] 29/7/2020 14:07

Kaz extends lock down for another 2 weeks.

[yupawiese2010] 29/7/2020 12:01

Cigar Lake to recommence operations in early Sept.

[lord mandelbaum] 29/7/2020 09:25

Good to see they're earning an extra $1.0m with the location swap. Not that significant a sum in the grand scheme of things but hoping it's a portent to the Uranium market tightening up.

[jaf111] 29/7/2020 08:18

Indeed Skyship but discount would have been even higher but for the appreciation of sterling against US$ over the past few weeks.

[skyship] 29/7/2020 07:21

Today's Update states:

"Yellow Cake's estimated net asset value as at 28 July 2020 was GBP2.77 per share."

At 226p the discount = 18.4%

[skyship] 27/7/2020 08:48

Should be getting the Qtly operating update this week; that will also reveal the end June NAV.

[lord mandelbaum] 23/7/2020 13:42

Nice upward pressure across the board on all things Uranium: happy to sit and wait safe that YCA could easily sell another $10m worth of raw material to hike up the share price further if they get vexed again, while we sit under NAV.

I'd rather they didn't as it chips away at what I think is longer term value, nonetheless its nice to know it remains an option.

[yupawiese2010] 16/7/2020 00:48

US House Appropriation Committee have put s232 uranium reserve back into orbit for (at least) 6 months. Cited lack of details from DOE and required a detailed plan within 180 days.

This means no money for US government uranium purchases this year.

( Pages 113-114 apply )

[skyship] 14/7/2020 08:04

Our host - many thnx for that

[bmcb5] 13/7/2020 09:57

@skyship 349 - sorry for the delay. Link is there now.

[yupawiese2010] 09/7/2020 22:23

Chinese Embassy warns of unknown pneumonia deadlier than COVID-19 in Kazakhstan.



My comment - Not sure how reliable the above link is as its issued by the Chinese Embassy, posted for informative purposes for you to make your own judgement.