Yellow Cake Share Discussion Threads

[this tea tastes of chicken] 20/10/2021 16:23

Thank you for the replie, much appreciated.

[bmcb5] 20/10/2021 16:22

Thanks @bpdon. I should, and will look a bit closer

Edit: And I can purchase this, so definitely on my watch list

[bpdon] 20/10/2021 16:10

Hi @bmcb5. Regarding Mega, it has a market cap of circa $128M and its equity holdings in NexGen alone are worth considerably more than that ($149M) at the current share price Add in about $30M worth of equities in Toro Energy, Consolidated U, and UROY, and the discount is around 30% before you even consider the 2 properties they own.

Probably an over simplified perspective, but I own it hoping that the discount closes as and when the sector really hots up.

[bmcb5] 20/10/2021 15:14

@TTTOC, as above. My major holdings are GCL & YCA, but i also have some DML & UEX in Canada. DML look to be a potential M&A prospect to me. Also a big fan of NXE in Canada, and a few worth a look in Australia (BMN, BOE, DYL, PDN). Mega Uranium seems to have a lot of fans, but i haven't looked at it closely

[bpdon] 20/10/2021 14:43

@tttoc the safe miner play is to spread your risk via the main ETFs (if you have access to them). Global X (URA) and North Shore (URNM) have one. Alternatively Geiger Counter (GCL) is an LSE listed investment trust that has a basket of U related holdings.

I only hold YCA, GCL and Mega Uranium in that order of size. I added Mega because its basically a holding vehicle with exposure to a number of different U companies and assets some of which GCL doesn't hold.

If you are looking for serious torque then you need to go fishing in the developer and explorer space. John Quakes on Twitter shares his portfolio which might give you some ideas to research:

[this tea tastes of chicken] 20/10/2021 14:21

Holding here as an investor in physical w/0 the mining risk but for leverage who do you think are worth a half size punt in (miners) please?

[7kiwi] 20/10/2021 08:47

New YCA investor pres out:



Interesting that Shell Asset Management has made it on to the list of major shareholders.

[7kiwi] 19/10/2021 17:02

Tonsil,

9.9m lbs according to their last MD&A.

P21:

But they need at least some of it yo make their contractual commitments.

[tonsil] 19/10/2021 14:39

Apparently Cameco have 3.5 million pounds in inventory. Anyone confirm that?

[yupawiese2010] 19/10/2021 13:54

It isn't just Sprott who are active in stockpiling Uranium (1,150lbs purchased yesterday ) but also Uranium Royalty Corporation have entered into agreement to purchase 400k lbs of Uranium.

[idiotsinthedarkrizandlintard] 19/10/2021 07:09

$100 is now a medium target for Uranium. Also below a great site for spot.

[idiotsinthedarkrizandlintard] 19/10/2021 06:37

Uranium up 2.7% to .$47.15.
Paladin up 8% in Australia.
Let’s see where Kazatomprom opens later but another great day for yellow cake and other Uranium Producers on the way.

[bpdon] 18/10/2021 17:08

Buyers happy to keep the YCA premium high. Fair enough given the steady flow of bullish news over the last few days. Currently pricing in $50 U which isn't out of the question any day now considering the Sprott ATM is probably busy churning out more units today.

Looks like I might miss not get a chance to reload cheaper what I top sliced last week when the premium was a bit wild.

[idiotsinthedarkrizandlintard] 18/10/2021 15:25

YCA going through the roof - up 13.75p or 3.73%. I own it and am very happy.

I am even happier given that my miners and producers as expected are even stronger - Denison mines up 10% - Energy Fuels up 7.9%, Uranium Energy Corporation up 7%, Cameco up 7.1%.

Fantastic and the rally in Uranium is just starting. The mass market of retailers who are the last one in are still to come. Obviously when it becomes mainstream and the last incremental buyer has appeared we will sell and take our 1000% profit and thank you very much - Bob is your uncle.
:)

[jonwig] 18/10/2021 15:12

The Kazatomprom announcement is interesting in that the fund buying the uranium is deemed to be independent of KAP.

It's probably true that the fund, ANU and KAP have no directors or management in common, but in Kazakhstan the notion of independence is a pretty loose one and the purpose of ANU will be to ensure KAP's long-term profitability. (Not that we are complaining, mind.)

[this tea tastes of chicken] 18/10/2021 14:53

There she blows..

[yupawiese2010] 18/10/2021 07:48

Kazatomprom Announces Investment in Physical Uranium Fund.

[jonwig] 16/10/2021 07:19

FT:

UK ministers will put nuclear power at the heart of Britain’s strategy to reach net zero carbon emissions by 2050 in government documents expected as early as next week, alongside fresh details of its funding model.


Comes right after the French policy statement. Germany unlikely to move away from phase-out given opposition from Greens to nuclear.

[smellypraikzibjslintard] 15/10/2021 09:18

Consolidation day today. Kazatomprom down 3% playing catch up with US/Canada/Aussie action last night.

Real activity to begin at 2:30 again. Uranium spot holding $46 at the moment.

[7kiwi] 14/10/2021 16:44

Hpcg,

Each to their own. If the U3O8 price does go parabolic, then past a certain point, the extra price might not be factored into the miners. That may make holding physical more attractive.

I think it's unlikely that the baseline term price in long term contracts goes much above, say $80. But who knows, there's still lots of cash sloshing around the system and even after the recent surge, the Uranium market is still small.

I have done quite a bit of research now. But my preferred vehicle for the producers/developers is GCL. There's a couple like LOT, DYL and FIND that it doesn't have. But it's easier for me to hold that as a basket alongside YCA.

Although GCL seems to be trading well above NAV at the moment.

[idiotsinthe darkrizandlintard] 14/10/2021 15:09

Great start again. Momentum is a powerful weapon and at the moment momentum remains strong. Obviously we will not move up in a straight line and indeed volatility and back testing the lower limits of the channel will be beneficial to the long term prospects.

$100 is achievable given Sprott and zero emission policies alongside China reactor policy and Japan bringing reactors back online and SMRs in UK, France etc and currently any short term weakness at the open is being bought into.

Lookd good for a killing in this asset group over the medium term.

[smellypraikzibjslintard] 14/10/2021 15:04

All producers on the rise again on NYSE and TSE. Yellow Cake a solid 3.1% up as well. Brilliant.

[goodgrief] 14/10/2021 14:47

A brief scroll through ODX thread bears that out!

[jonwig] 14/10/2021 14:42

Speaking from experience (2004 here) there's negative correlation between the length of a username and its value. This one (or two same person) might be an exception, but then why the posturing?

[smellypraikzibjslintard] 14/10/2021 14:24

Actually much more profitable investing on the producers and the leveraged play that they provide. Thanks IdiotinthedarkRiz andLintard. I also own many of the miners/producers you mentioned - Up 25% most in the last few days and looks like a strong opening in the US given Kazatoprom performance.