Yellow Cake Share Discussion Threads

[7kiwi] 15/9/2021 10:01

swanvesta, paste without the http. It won't create a hyperlink, but at least you can C&P it into your browser.


sprott.com/investment-strategies/physical-commodity-funds/uranium/#

[swanvesta] 15/9/2021 09:54

No, I was talking about Sprott's webpage for SPUT. It has the premium to NAV at 8.16% yesterday.

[return_of_the_apeman] 15/9/2021 08:44

hTTps://docs.google.com/spreadsheets/d/1cH_2BM6T48FJDP8ShHBL9IRGFbR99ChH_SPSAWRGvt0/edit#gid=532762655

This one?

[swanvesta] 15/9/2021 08:40

"Capitalise a couple of the http letters at the start of the link :-)"

It's not that. ADVFN is replacing the whole link with [...] I even tried a TinyURL link.

"Not saying sput should be at such a premium but just highlighting the gap"

It isn't, the gap has largely gone since SPUT retraced yesterday.

[return_of_the_apeman] 15/9/2021 08:05

Capitalise a couple of the http letters at the start of the link :-)

Not saying sput should be at such a premium but just highlighting the gap

Sprott taps are on full now, that should bring their premium down, however there is nothing baked in here to reflect the bullish undertone that sprott buying will continue to move the spot price

[swanvesta] 15/9/2021 07:50

No, SPUT premium has come down to around 8%. Sprott update their stats regularly - sorry ADVFN won't let me post the link.

[return_of_the_apeman] 15/9/2021 07:09

Spot broke through resistance at 45
Spot 45.25 giving approx nav for YCA at open of 347p
Sprott trading at 28% above nav
They both are based on exactly the same asset
This has some serious catching up to do :-)
If valued in the same basis as sprott we would be at approx. £4.50 already!

[allstar_07] 15/9/2021 06:46

Thanks, ill have a look on the PC then so i can see the header!

[skyship] 14/9/2021 13:02

allstar - see the last link in the Header...

[7kiwi] 14/9/2021 09:34

Sprott updates its long term Uranium price forecast to $60/lb and upgrades a number of stocks - Boss, Fission, Iso, NexGen and UEX.

sprott.com/media/4326/210913-upx-scp.pdf

I guess as the swing buyer, they have some insight into how high the U price is going to go.

[7kiwi] 14/9/2021 09:21

rota,

You might be right for a quick trade. SPUT is trading at a massive premium because Sprott haven't been able to issue new units for a couple of days as they get the extended ATM approved.

I think they can start issuing new units from today. So the premium should narrow considerably. We don't know yet whether the premium will narrow by a falling share price or rising U price. I suspect we will see a slight dip in the price for a couple of days. But we don't know anything for certain.

[7kiwi] 14/9/2021 09:19

all-star, it doens't move that often. I follow @numerco on Twitter, they tweet out the latest bid/offer every couple of hours or so when the market is open. John Quakes (@quakes99) is also an invaluable source of information.

[allstar_07] 14/9/2021 08:37

Hi, can someone share a link to a live uranium price?

[andyforster1] 14/9/2021 07:57

When uranium goes up YCA goes up and sprott stays the same or goes up ? What's the point when it's blatantly obvious the market is short front end uranium??

[return_of_the_apeman] 14/9/2021 07:52

The price of uranium would be not be a factor imo, the pairs trade is based on the premise that the discount between yca and sprott should narrow

[andyforster1] 14/9/2021 07:26

Yes. The uranium price is going up and it doesn't look like it's stopping

[return_of_the_apeman] 14/9/2021 07:23

Still the best value to be found here
YCA around 3% premium to NAV (@348p)
YCA discount to Sprott around %25

Anyone think of a reason not to do a pairs trade, short Sprott, long YCA apart from a little currency risk?

Sprott's new $1billion atm is available from Thursday apparently

[7kiwi] 13/9/2021 19:47

I have read that the WSB advice is to first load up on Cameco call options, then go all in on SPUT to drive the U price and hence Cameco higher. Other producers and explorers should follow.

I do wonder if Nexgen is raising money - it's share price hasn't really moved with the others these past few days.

[return_of_the_apeman] 13/9/2021 19:26

Once spot is through resistance at 45 next resistance is 73 then 95 and blue sky at 140, I expect an urge to get off the bus at 73 will probably prove too much for me.

Wsb crew are apparently on it 7kiwi, lets see what they can muster, as the gap between spot and miner valuations grows I still expect more money to flow into sput
HTtps://www.wsj.com/articles/uranium-stocks-jump-as-reddits-wallstreetbets-goes-nuclear-11631538583

[the white house] 13/9/2021 13:41

North Shore showing up 8.6pcCNBC highlighting issue and targeted buying

[7kiwi] 13/9/2021 08:08

Blimey, I thought it might go up this morning, but I wasn't expecting nearly 20%.

[return_of_the_apeman] 13/9/2021 07:24

Get used to it

[andyforster1] 12/9/2021 19:07

https://youtu.be/XTCr62DURV8

[jonwig] 12/9/2021 06:57

True, but these are futures - derivatives not physical, and no-one even wants to trade or there would be a spread quote.

The single price is just indicative, and if I could buy 2026 uranium at $46, I'd accept. (Size will be five figures, so out of my league.)