Yellow Cake Share Discussion Threads

[hillock1] 25/2/2022 09:13

Any idea of why YCA drop 6% now?

[7kiwi] 24/2/2022 14:16

That was quick. Sweden halts Uranium deliveries from Russia.



It remains to be seen how much more Uranium supply chain disruption will ensue. Remember about 20% of US and European Uranium comes from Russia.

I suspect there will be a scramble for "Western" Uranium (Canada and Oz, maybe Namibia) to ensure security of supply for western nuclear plants. But it will take a while to get a clear picture.

[7kiwi] 24/2/2022 11:53

New investor pres out: Https://www.yellowcakeplc.com/wp-content/uploads/2022/02/Yellow-Cake-Investor-Presentation-February-2022_Final.pdf

[sea7] 18/2/2022 18:05

I added again just before the close - good margin of safety on the price, against current spot.

[bpdon] 18/2/2022 16:55

8% discount to current U spot price ($43.25). Frustrating.

[7kiwi] 10/2/2022 19:31

Great news out of France. 6 new reactors, plans for a further 8 and extending the life of the existing fleet.

The WNA reference scenario is looking increasingly pessimistic.

[7kiwi] 10/2/2022 15:15

New Haywood Securities note out about the Uranium Sector.

hTtps://clients.haywood.com/uploadfiles/secured_reports/UxFeb102022.pdf

[sea7] 09/2/2022 15:51

hTTps://www.cameco.com/media/news/cameco-reports-q4-annual-results

in alignment with 70 million pounds of additional long-term contracts added to our portfolio since the beginning of 2021 and the improving market sentiment

[quepassa] 09/2/2022 15:44

Cameco now up 12%.

Marching the rest of the market higher such as Energy Fuels and Denison both up 8%

[kinbasket] 09/2/2022 15:19

hxxps://www.cameco.com/media/news/cameco-reports-q4-annual-results

Interesting stuff. 50% divi increase and re-opening McA. pretty positive for both CCJ and the U market. Not surprised it's up today.

[quepassa] 09/2/2022 14:48

Cameco opens up 9%

[7kiwi] 05/2/2022 10:37

It might be related to the URA ETF rebalancing that is underway at the moment. Maybe clear now, or there might be some further activity on Monday. Needs to be compete by Tuesday,

[jonwig] 05/2/2022 07:26

No, it's the closing UT (uncrossing trade). 1.143mn shares were bought and 1.143mn shares were sold by participants in the auction.

[weaverbeever] 04/2/2022 23:08

Did someone buy 1.143 million shares after hours?

[7kiwi] 03/2/2022 19:49

Yes, Cannacord seem to have got burnt in their last report where they predicted a spike to $80/lb in 4Q21/1Q22.

So, they have downgraded their forecast now. It's odd that some commentators are saying new mines won't get sanctioned until U3O8 goes above $70 or $75/lb, but their long term forecast is a pretty stable $65. Yet, they are showing a supply deficit each year out to 2030.

I guess they have decided to be cautious, because it's better for them if they under-call upside rather than over-call it.

[mjneish] 03/2/2022 17:40

7Kiwi thanks for posting that.

The lower target price comes from lowering the 12-month forward price of U3O8 in their model.

Valuation and recommendation

We set our target price based on a 1.0x P/NPV multiple (distinct from the spot NAV
that is commonly quoted), rounded to the nearest 5p. We lower our target price to
£4.35/sh due to the change to our uranium price deck (we now value YCA inventory
12 months forward, using a US$57.50/lb U3O8 price, down from US$65/lb), and
maintain our BUY rating.

[bpdon] 03/2/2022 13:17

Good to see YCA as part of their top picks but surprised to see the target price reduced despite their target price for u308 being unchanged.

[sea7] 03/2/2022 09:35

thanks kiwi..

from that note

Top picks for 2022: Our top picks for 2022 are NexGen Energy (NXE-TSX) andDenison Mines (DML-TSX) in North America; Paladin Energy (PDN-ASX) and BossEnergy (BOE-ASX) in Australia; and Yellow Cake plc (YCA-AIM) in the UK.

[aylingd] 03/2/2022 09:20

Thanks 7Kiwi, they certainly paint a positve future. Lets hope YCA can 'make hay whilst the sun shines'.

D.

[7kiwi] 03/2/2022 00:12

New Cannacord note out about the Uranium sector.

htTps://app.box.com/s/0fkz66mi3jal615t8byfi3g1b5vp5lca

[mjneish] 02/2/2022 12:23

7Kiwi thanks for the explanation.

Fidra yes it's good to be back. :) I was out of the stock market for a very long time, but now wish I had got back into it sooner. Too busy doing other things.

[fidra] 02/2/2022 07:16

Mjneish,good to see you are still about ,I see you have only recently started posting again.

[7kiwi] 01/2/2022 23:08

China starts its first 4th Gen modular reactor. Looks like the SMR sector is starting to heat up.

htTps://www.powermag.com/china-starts-up-first-fourth-generation-nuclear-reactor/

[7kiwi] 01/2/2022 23:06

Mjneish,

The answer is that they don't pass on the material, they sequester it for a long time. If the Uranium market turns into a bear market, and the share price falls to a significant discount to NAV, then they might sell some material to buy back shares.