Yellow Cake Share Discussion Threads

[7kiwi] 16/12/2021 11:51

Anchorage Hedge fund to close:



Trouble is it has "a few million" pounds of U3O8. Might explain the recent weakness in the Uranium price. We might expect further weakness until they have fully liquidated.

[bagpuss67] 11/12/2021 09:30

Buy rating in investors chronicle.

[7kiwi] 08/12/2021 14:09

Good spot bpdon.

[7kiwi] 08/12/2021 00:37

I overlooked the new investor pres.

I don't think there's much new in it.

[bpdon] 06/12/2021 13:57

Nothing longer term YCA holders probably didn't already know in this new article:

[bpdon] 06/12/2021 11:07

That's the discount > 13% now. Incredible circa 25% swing from a big premium to a big discount since mid October. YCA seems to be pricing in Sprott being out of the market for a while and spot drifting.

Interesting cypher pattern @ptolemy - lets hope that your upside bias is proved right. In your worst case, a move to 260 would by quite a shake out and would need to align with a real puke in the sector and spot back to where we started 2021 (low 30s).

I added a few more at 311p. Still have some dry powder but steadily working my way through it with these top ups.

[ptolemy] 06/12/2021 10:52

Here's my view of Yellow Cake. Pattern will resolve to the upside but not clear when.

[bpdon] 03/12/2021 18:42

Indeed @sky - that looks very plausible from here with sentiment in the gutter across the board at the moment.

I see the YCA discount is now out to nearer 12%. With Sprotts ATM switched off in the short term, we can anticipate the U spot price drifting. Hopefully the larger than normal discount will help cushion a lot of that if it materialises.

[skyship] 03/12/2021 16:25

The 330p finally broke; then 325p didn't hold. Looks uncomfortably like a Head & Shoulders top formation with a target down at c280p.

Seems totally counter-intuitive, so will hold my 5% allocation; but sold my trading stock at a small loss.


free stock charts from uk.advfn.com


free stock charts from uk.advfn.com

[bpdon] 02/12/2021 10:37

Blimey. YCA discount dropped to 10%. Sprott discount out to 6% too.

[skyship] 30/11/2021 15:33

BUY as they approach 330p:


free stock charts from uk.advfn.com

[yawn1971] 30/11/2021 14:21

https://www.livescience.com/amp/nasa-moon-nuclear-fission-reactorThe price is going to the moon and back long term !

[bmcb5] 30/11/2021 12:13

Agree with that. Monthly downtrends still intact imo, and short term direction could be negative

[bpdon] 30/11/2021 11:08

Yup @skyship - I have it back out to an 8.5% discount at the moment which is unusually large. Just took a few more at 331p. The U sector charts generally look a bit vulnerable to me so I am still holding some dry powder.

[skyship] 30/11/2021 10:02

See 7Kiwi's post No. 906 above. Seems that we are back once again to a 10% discount; so have bought yet again at 332.5p...

[prince7652] 30/11/2021 09:02

Few more added 335

[bmcb5] 26/11/2021 13:55

Just picked up a few more at 337p

[7kiwi] 24/11/2021 09:18

Many highlights from the Bloor capital conference yesterday, but I like this from John Ciampaglia best:

"I think at some point we are going to find we're going to have more trouble finding lbs...it maybe harder for us to find fresh new lbs"

[skyship] 24/11/2021 08:34

7Kiwi - of course - thnx.

Chart suggests a flag, so if we can break through 49.10 (closed at 48.05) then we could see another strong upward movement...

[7kiwi] 23/11/2021 22:10

Skyship,

Main difference is rhe assumed spot price. It's gone up during the day. NAV moves with spot price. And a small difference in assumed cable rate.

[skyship] 23/11/2021 20:52

bpdon/Kiwi - can you account for the c2% difference in your NAV estimates?

Both much appreciated; but just curious...

[7kiwi] 23/11/2021 20:11

In response to the request for the NAV calculation. Here's my view:



It got this wide late September, early October. Looks like U3O8 price has turned up again, Numerco reporting $47.25 this afternoon. So, YCA looks like a buy to me at this level.

P.S. I have taken out the derivative liability now, and reduced cash by a corresponding amount.

[7kiwi] 23/11/2021 16:36

We keep seeing these cycles.

However, signs that the spot price is starting to turn up today. It might stutter until after Thanksgiving and the new SPUT ATM comes online.

But the fundamental story is still very strong.

Just watching the Bloor Capital Uranium conference. Both KAP & PDN think China is back on manoeuvres. KAP says utilities are talking about supply beyond 2030.

[picardy] 23/11/2021 15:01

Massive sells but all seem to be bought in. Nice recovery today all bodes well for tomorrow.