Yellow Cake Share Discussion Threads

[7kiwi] 28/2/2022 16:59

Blimey, 1.1m shares changed hands as the uncrossing trade at market close. Someone wants in.

[7kiwi] 28/2/2022 13:11

csalvage, because as will see further up the thread, it was trading at a significant discount to NAV last week.

GBP has fallen against USD over the weekend and according to Numerco, spot U3O8 has gone up this morning, further increasing NAV and the discount.

[bpdon] 28/2/2022 10:51

Good to see the wide discount squeeze in on the back of two very strong candles. I calculate we are at 4% discount now. Well done to those who snaffled a few YCA shares on Friday mornings big dip - I didn't as already overweight on this sector.

As @kiwi mentioned, we can hopefully expect some more upward pressure on the spot U price with Sprott on the bid with a healthy cash balance again.

[this tea tastes of chicken] 28/2/2022 09:43

No one buying anything from Russia
Rouble down 50% in less than a week
This only ends one way now.

[csalvage] 28/2/2022 08:45

Why is this up today.

[7kiwi] 27/2/2022 16:17

John Quakes has updated his case for Uranium. Good reading for those new to the sector.

[mjneish] 27/2/2022 15:24

Defence, such as? AVON?

[this tea tastes of chicken] 27/2/2022 12:27

NAV chart much appreciated, thank you for posting.

Me thinks the west obsessed for 20 years about green whilst our friends thousands of miles away upscale their military. Long uranium, long PGMs, long iron ore and yes long defence which is going to get a major tailwind.

[7kiwi] 26/2/2022 01:03

At close with U3O8 at $46.50 and some movement in cable, I make the NAV now 363p. 12% discount to NAV. It can't be long before YCA catches up with the U price.

[7kiwi] 25/2/2022 13:55

Time for a NAV chart.

[andmillsy] 25/2/2022 11:26

Thanks for the heads up with the link below I took more at 302

[sea7] 25/2/2022 11:19

bought more at 299.5p this morning - such a discount to NAV - someone is forced selling to meet margin, i would guess.

[hillock1] 25/2/2022 10:58

I am little frustrated to see YCA selling at large discount while Sprott Physical Uranium Trust selling at premium, yet with the same exposure of physical uranium.

[lawn91] 25/2/2022 10:37

It is linked to this. At a 14% discount to NAV this is a great opportunity

[bpdon] 25/2/2022 09:22

Was wondering the same. 14% discount now.

[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:

[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.

[sea7] 09/2/2022 15:51

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.