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Share Name Share Symbol Market Type Share ISIN Share Description
Yellow Cake Plc LSE:YCA London Ordinary Share JE00BF50RG45 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.40 -3.19% 376.80 377.60 378.80 395.00 374.80 395.00 1,312,550 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 0.0 317.4 197.8 1.6 692

Yellow Cake Share Discussion Threads

Showing 601 to 625 of 1500 messages
Chat Pages: Latest  36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
07/9/2021
17:07
Sector Bellwether Cameco surging up another ten percent in last week to C$28.60. And now +100% over 12 months. The prize however goes to Energy Fuels which is now up 400% in twelve months from US$1.70 to $6.50. Excellent news for the sector and a great read-across for YellowCake and physical U3o8 ALL IMO. DYOR. QP
quepassa
06/9/2021
09:32
I think your over analysing things. YCA is trading inline with NAV so what's not to like it's doing what's it's supposed to. Sprott are doing the heavy lifting for the whole sector not just the physical vehicles. I would like YCA to put all their capital to work before the price runs away but piggybacking off Sput suits me just fine without the forex charges going in and out of an overseas index.
andyforster1
06/9/2021
09:11
Thanks 7kiwi for the reply. I just have the feeling that Yellowcake is in a awkward position, as a) SPUT is a more popular and arguably, effective tools for investors to get exposure on Uranium, as much higher liquidity and listed in US and Canada (will move from US OTC to NYSE, if approved); b) more aggressive policy of acquiring spot (although I don't know when SPUT growing bigger and bigger, SPUT can't find enough spot sellers). c) SPUT is more transparent of daily reporting on their website, twitter and others. That said, having a contract with KAP is a plus to secure the Uranium.
hillock1
06/9/2021
07:51
Sprot still have cash on hand, circa $15 to buy in the open market and another $120 of their ATM facility available. Will be interesting to see how quickly the ATM runs out and if they then create a new one. I expect fuel buyers will be scrambling after last week to renew long term agreements over the coming months, given the slow take up over the last 12 months. OD
opaldouglas
05/9/2021
23:11
$22.8m. I don't think that they have announced anything specifically. The management are quite entrepreneurial, so no doubt they are on the lookout for opportunities. Although with SPUT being very aggressive, those opportunities are probably thin on the ground. Worst case, they utilise the cash to partially exercise their $100m option with KAP next year.
7kiwi
05/9/2021
20:59
Hi 7Kiwi, do you know what's their plan to utilize its ~ USD 30 million, after the recent 2 million lbs purchase? (https://otp.investis.com/clients/uk/yellow_cake/rns/regulatory-story.aspx?cid=2392&newsid=1503315) Do you expect them to acquire more at the spot market? I guess given the recent development, the faster they use the cash, the better/cheaper.
hillock1
05/9/2021
20:32
Barclays now promoting nuclear power. htTps://m.box.com/shared_item/htTps%3A%2F%2Fapp.box.com%2Fs%2Fooduy5qkpevlb9rj4j7ftzze6ba456zl
7kiwi
04/9/2021
22:27
@7Kiwi - I am not calculating it as acurately as you :-) Thanks for sharing your spreadsheet
return_of_the_apeman
04/9/2021
12:13
In fairness that's a 2% premium which is basically NAV ... give or take
dartboard1
04/9/2021
11:18
r_o_t_a, How are you calculating your NAV? I make it £2.99.
7kiwi
04/9/2021
10:51
return_of ... I don't know whether YCA actually has a mandate for ATM share issues. What it does (a placing whenever there's a premium) is a bit clunky. Maybe it could get a mandate from shareholders, or maybe it would have to register as an investment trust. I don't know.
jonwig
04/9/2021
10:08
Perhaps a bit of caution around miners is currently warranted (though I am not seeing any out there) as valuations for uranium miners are getting ahead of themselves in anticipation of spot being $50-$60, may be a bumpy ride for them I am expecting that savvy uranium investors will at some point re-balance from miners to physical when they believe miners are finally too frothy and we may find miners falling while spot continues to rise Most of this will be into sput, however better value is likely to be available here Currently Sput trading at a 11.39% premium to nav, YCA only at nav We shall see
return_of_the_apeman
04/9/2021
01:37
$39 spot 305p nav Perhaps more noteworthy is that the amount of spot purchased by sput is growing rapidly, driven by demand Sput purchase volumes (in lbs) for the last 4 days (approx.) 250k 500k 800k 1.4m
return_of_the_apeman
03/9/2021
17:34
Cantor Fitzgerald ups its target for YCA: If it hits 375p, that would be equivalent to $49/lb if there's no premium. That would be even more rocket fuel for the equities.
7kiwi
03/9/2021
17:28
Indeed if that sort of capital flowed in, the spot price would be north of $200, we can but dream I don't use reddit either, had a quick look, most of the posts in wsb seem very bullish but historical - given that this setup has been coming for a few years now that's probably not supprising Something will be the catalyst to a massive correction in this market, perhaps it will be sput
return_of_the_apeman
03/9/2021
15:38
I agree apeman. I don't follow Reddit, but I wonder if the WSB crowd are starting to get in. The whole Uranium sector is probably worth less than Gamestop at its peak.
7kiwi
03/9/2021
15:15
Thanks for your detailed posts 7Kiwi You say US inventories are getting very thin and I believe we can all see the ATM nature of SPUT is driving the spot price up daily - my guess is spot to be up above $39 today. If SPUT continue to buy at the current rate they will have increased demand in the US by circa 40% by xmas. Wondering when utilities begin to jump to secure new supply contracts and if the US ones will be first perhaps leading to a dominio effect for utilities across the globe. I would not like to be caught napping and be the last utility to secure supply and would see little downside being the first at the moment in my niave understanding The World Nuclear Association Symposium is meeting next week, perhaps that will focus the utilites minds Twitter #uranium is gaining traction fueling money into mining etfs and sput at record rates A squeeze is definitely happening now Gla
return_of_the_apeman
03/9/2021
09:59
Thanks again 7kiwi. Listening to the vid now yupawiese2010. If Sprott keep taking money in, they can keep buying and stacking - further increasing the price and in turn the attraction of the Sprott vehicle. A perfect storm perhaps :)
thelongandtheshortandthetall
03/9/2021
09:32
Interesting interview with Justin Huhn, well worth listening to, lasts just over an hour. hTTps://www.youtube.com/watch?v=i8sifABm4SI
yupawiese2010
03/9/2021
09:32
lst, Covid had an impact. But not really any more. Cameco have shut in MacArthur River and KAP are producing 20% below the target of their subsoil user agreements. They recently announced they will do that until 2023. They are deliberately doing that to bring the market back into balance. Primary production is about 125mmlb/yr. Secondary supply is +/-25mmlb. Demand is 170-180mmlb. Up to now the gap has been met by consuming inventory. At some point that inventory has to run out, or go below levels that the utilities consider "safe". They need about 2 years of inventory to cover the lead time for fabrication of fuel. It's difficult to get accurate global figures. But in the US, commercial inventories held by utilities were 107mmlbs in 2020, just above 2 x annual demand of 45-50mmlbs. Supplier inventories were 16mmlbs. The supply deficit is continuing this year, so at some point, there is going to be a squeeze. See Table S3a: hTtps://www.eia.gov/uranium/marketing/pdf/umar2020.pdf In the EU utility inventories were 2.75 yrs at the end of 2020. EU inventories have fallen each year for five years. They are well covered by contracts until 2025. I can no longer find a link to the Euratom Annual Report 2020 online. But I did download one to my laptop earlier this year. So, it looks like the US inventory is getting very thin. EU less so.
7kiwi
03/9/2021
08:39
Anyone reckon Uranium is showing signs of a lack of supply (possibly covid related) and buyers mopping up what they can in anticipation of problems ahead.
thelongandtheshortandthetall
03/9/2021
08:19
Sector bellwether Cameco hit a 10 YEAR HIGH on the TSX in yesterday's session at just over C$26 Excellent news for the sector and outlook. GLJ Research have also increased their BUY RECOMMENDATION and price target on Cameco from C$27 to C$38 citing increasing demand. ALL IMO. DYOR. QP
quepassa
03/9/2021
01:36
Spot now $37 Nav at 289p
return_of_the_apeman
02/9/2021
21:02
Cheers 7Kiwi. Informative post there.
thelongandtheshortandthetall
02/9/2021
20:29
lst, Sprott certainly are making a difference. However, both Cameco and Kazatomprom have said that they will need to access the spot market to meet their contractual commitments for the balance of this year. Plus a significant amount of utility requirements are met from spot purchases as opposed to long term contracts. So, it looks like Sprott has been enough to tip the spot market into a bullish phase. There's an overall structural supply deficit, and once the excess inventories are depleted, I expect a spike in the U price. Trouble is, the market is somewhat opaque, so we never quite know how much inventory is being held. So, this might be a temporary surge, or it may be the real deal. Only time will tell.
7kiwi
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