Yellow Cake Share Discussion Threads

[texaspete2] 08/10/2020 07:14

Re RNS today, I make that c.276,000 shares still to be bought in the buy back programme

[yasx] 30/9/2020 11:32

Have taken a few more - at below 200p, and notwithstanding the fact that the buyback has failed to bridge the gap to NAV, this fall is overdone.

[bmcb5] 09/9/2020 11:30

I picked up another chunk this morning, taking me to a nice round number. I'll probably pause here for a while. I'm heavily invested in the upcoming uranium bull market already. My focus shifts to increasing my gold position.

[jaf111] 08/9/2020 16:25

Can someone explain

Price is weak (& has been most of the day)......quote currently 211.5 / 212.

But can't seem to be able to buy....one broker quoting 220 for 1000 shares, the other not giving a firm price??????

Ridiculous.....

[leading] 08/9/2020 14:20

Depends on your timescale I suppose. I suspect that in a couple of years time, buying in stock on a 20% discount based on a U3O8 price of $30-32 will look like a pretty good use of funds.

[swanvesta] 08/9/2020 13:14

The buyback failed if you think it was designed to help holders exit, succeeded if you think it was designed to buy assets cheaply.

[yasx] 08/9/2020 10:51

Since the buyback has essentially failed (probably due to the fact the amounts purchased were insufficient), a further buyback campaign of a similar amount would be useful, though i think it unlikely they will embark upon the same.

[2xs] 04/9/2020 07:19

The relevant metrics are the ones existing when you made the statement that the buyback has not had much of an impact closing the discount. Personally I believe that reducing the discount from 30% to 14% was considerable.

[yasx] 04/9/2020 00:35

Not so 2xs - based on the current metrics this has failed to achieve the desired impact.

[2xs] 02/9/2020 09:12

On 30 June when the company announced the increased buyback the discount was trading around 30%, now its around 14%. It has also considerably narrowed the gap in discounts between itself and UPC. Strikes me as very successful. They also picked almost the high ($33.25/lb) to sell inventory.

[yasx] 02/9/2020 09:01

I think another buyback effort of a similar magnitude might have the desired effect. Perhaps unlikely to that this would be undertaken..

[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.