Yellow Cake Share Discussion Threads

[ptolemy] 01/9/2021 07:37

Prepared this chart on Friday and took a small position.

[return_of_the_apeman] 01/9/2021 07:37

At 34.63 I calculate the nav here at 270.4p so the current price of 266p is still a discount.

Since this has recently traded well above nav many times recently a break of 280p would seem very likely. Above £3 without futher movement in the spot price would probably tempt me to offload a few to hopefully purchase back lower (possibly to my peril)

Just my thoughts, uranium seems as close to a one way bet as I can find in the medium/long term, we shall see

Gla

[yupawiese2010] 31/8/2021 20:13

You can follow the sput tracker spreadsheet set up by Alex Weinstein which he updates daily, & appreciatively put into general circulation.

[+eysenck] 31/8/2021 19:13

That made for some positive reading, thanks kiwi

[7kiwi] 31/8/2021 18:50

U3O8 price breaches $34/lb, for a new 5 year high.

Miners starting to perk up.

The Sprott ATM seems to be having a big impact on the spot price.

[7kiwi] 30/8/2021 09:48

John Quakes provides a Uranium market update:

[return_of_the_apeman] 27/8/2021 10:39

Bought 10k at just over 255p

Xxd

[pob69] 27/8/2021 08:15

YCA commentary from Patronus Partners

"...We believe, at this stage in the commodity cycle, it is makes sense to have some long-term exposure to uranium in a diversified portfolio given its low correlation to other asset classes and the potential for a high level of capital
growth when the cycle turns up. Yellow Cake provides a ‘cleaner’; exposure, without the operational risk..."

"...For Yellow Cake, our estimated NAV is 262p per share or $551.7m, comprising the 15.86 pounds uranium valued at a spot price of $33.55/lb, a derivative liability of -$3.4m, and cash & and other net assets/liabilities of $22.8m. The shares are little changed this year and currently trade on a 3% discount to NAV..."

mcusercontent.com/ce4d22f48d9bbc27498a9ba05/files/fba5487b-ab1e-eb53-1dac-7d50b841bb49/Morning_Note_210827.pdf?mc_cid=b83bf5c71d&mc_eid=40af5b3626

[7kiwi] 25/8/2021 19:02

Cannacord Uranium market update.

[7kiwi] 23/8/2021 20:45

Energiser,

The Sprott Uranium Trust has started an At The Market buying programme. $300m total facility at about $10m per week.

[energiser01] 23/8/2021 20:13

U pricing rebounding from recent dip, what was behind that ?

[+eysenck] 30/7/2021 17:33

It would appear so ?

[bmcb5] 30/7/2021 16:23

Is that a new ATH close too?

[+eysenck] 30/7/2021 16:09

1.5 million @1.81 bought. Phew!

[quepassa] 06/7/2021 05:43

Sector comparison.

Geiger Counter was one of the top ten best performing UK listed Investment Trusts in the first half of this year. In a very respectable ninth position, Geiger has returned a great performance of 40.4% in the first six months of 2021.

Many uranium mining/refining companies such as Cameco, Denison and Energy Fuels made six month returns of between 50-100%.

Share prices peeked in mid-June and then retrenched on profit-taking by 10-20% but are again all on the upturn.

Sector remains buoyant with likely more to come.


ALL IMO. DYOR.
QP

[7kiwi] 04/7/2021 21:06

Cigar Lake apparently coming back online next week

[7kiwi] 01/7/2021 22:35

Cigar Lake looks like Mordor now. I don't think that the mine will be coming back on stream anytime soon. I do hope that the remaining workers are safe.

[7kiwi] 01/7/2021 17:42

Cameco temporarily closing Cigar Lake again because of a forest fire burning in the vicinity.

Ought to be bullish for U3O8 price and the other Uranium companies.

[lcwanderer] 29/6/2021 08:31

The article appears to be five years old?

[7kiwi] 28/6/2021 17:56

Interesting article on forecasting the price of Uranium. Not sure I agree with the conclusion though: they seem to think that the price will be relatively stable, totally different to historic price action.

[7kiwi] 25/6/2021 15:21

Yes, I understand about the KAP option, but when it was last exercised, KAP bought on the open market, as opposed to using their own stock or production. However, UPC in Canada has been buying too. They don't have the KAP option, so the question still stands

[jonwig] 25/6/2021 08:54

7Kiwi - one answer is that YCA has a long-standing option agreement with KAP, so they are merely following that through.

Second, whether the metal is stored at KAP or YCA doesn't matter, it's taken off the market. KAP gets cash (much needed) without increasing available supply, YCA incurs costs. A fair swap?

When you say "they have read the same research we have read about the coming supply squeeze", I have some slight cynicism. The people talking loudest are those talking their own position. I've been in YCA (and KAP and GCL) for long enough to be a bit wary about some of the timescales quoted, and the size of the "inevitable" bounce.

[7kiwi] 25/6/2021 08:23

Just considering the bear case.

Direct holders of Uranium inventory have to have a good knowledge of the market. Surely they have read the same research we have read about the coming supply squeeze.

So, the question is, why would you sell that inventory now to YCA or UPC or indeed to utilities for $32/lb, when you could very probably get much more for it in 12-24 months time?