Yellow Cake Share Discussion Threads

[thelongandtheshortandthetall] 16/9/2021 08:41

Without a doubt, Sprott turning up, as they have, has awoken a sleeping industry.
And I don not believe they have yet, fully excited their slumber.

So long as SPUT trades above NAV they'll be creating new units and buying power.. at least that's my understanding.

Very exciting :)

[the white house] 16/9/2021 07:07

Oz cancelling 40bn Submarine contract with France to go with a UK/US nuclear powered option instead...

[burtond1] 16/9/2021 06:12

Mr Market loves Yellow Cake "But #YCA has the virtue of simplicity: direct exposure to the uranium price through a single holding company bearing no mining risk. The price of uranium oxide is up from $30 to $40 this year, its highest level since 2014"https://total-market-solutions.com/2021/09/yellow-cake-plc/

[7kiwi] 15/9/2021 23:15

Blimey, SPUT only bought 100,000 lbs on the 15th, and the price rose to $49. They have $52m cash on hand now to buy more Uranium.

I am beginning to feel we might be on the verge of a tipping point.

[return_of_the_apeman] 15/9/2021 22:04

And Sprott have only purchased 24.59% of their current 1.3Billion facility - another 75% left to go!

[7kiwi] 15/9/2021 20:59

Broker Price Index shows $50 on the ask tonight. Mid -$49/lb.

Should break $50 tomorrow.

[j4ckthehat] 15/9/2021 20:50

URA blowing, this is going to moonshot

[hpcg] 15/9/2021 15:11

ADVFN blocks a few URLs from posting, mostly competitors. Bit surprised Sprott would be one but what is life without mysteries.

[thelongandtheshortandthetall] 15/9/2021 11:15

If SPUT was at a 28% premium that goes to show the appetite.
SPUT can release units into that appetite and go spending IMO.
Added a few more here :)

[swanvesta] 15/9/2021 10:03

7kiwi, thanks - I'll remember that

[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.

[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