Yellow Cake Share Discussion Threads

[bpdon] 10/3/2022 10:33

Decent move to start the day. Surprised it's not bigger to be honest especially with SPUT sitting with $130M cash on the bid and yet the wide YCA discount persists. Strange given that it wasn't so long ago this was at a 10% premium.

[7kiwi] 10/3/2022 10:18

Looks like someone is determined to keep a 10% discount to NAV.

[jezza123] 10/3/2022 09:33

Mmmmmm I love the smell of burning bear meat in the morning....

[7kiwi] 10/3/2022 08:08

Que Pasa, Mining stocks like Paladin, Bannerman and Deep Yellow up again in OZ too.

[quepassa] 10/3/2022 06:19

To illustrate this:-

Prices surged again yesterday in Toronto:

Cameco + 6.2%
Denison + 8.3%
Energy Fuels + 6.1%


A 10 year high for sector bellwether Cameco

with Denison and Energy Fuels almost back to their 10 year highs achieved a few months ago in Nov/Dec 2021.

ALL IMO. DYOR.
QP

[apollocreed1] 10/3/2022 05:18

@7kiwi - Thanks for the explanation.

[7kiwi] 10/3/2022 01:16

According to this, there's 210,800 YCA shares sold short.

hxxps:// www.marketbeat.com/stocks/OTCMKTS/YLLXF/short-interest/

Not massive compared to overall shares traded on the UK market, but that's on the US OTC market, where it's massive compared to daily trading volume of 39K.

Can't find a figure for UK, except that 10,000,000 shares available to be shorted. But that doesn't really mean anything because it doesn't tell you much about what might have been shorted already.



But there might be the smell of napalm in the morning.

[7kiwi] 10/3/2022 00:23

Numerco now at $59.54. So NAV at 472p. I can't keep up.

[7kiwi] 10/3/2022 00:12

According to Uranium Insider's interview with John Ciampaglia, SPUT is finding it hard to source Uranium.

[dogberry202000] 09/3/2022 23:39

Very well done to all all holders here! It's been a trying time over the last few months. I don't own any directly but I know this to be a creme de la creme uranium company.

[bmcb5] 09/3/2022 23:21

Very nice. Thanks 7kiwi.

Let’s see what tomorrow brings

[7kiwi] 09/3/2022 23:08

Using BPI's mid price of $59, I make the NAV 467p compared to tonight's close of 380p.



It might finally go to a premium again tomorrow. Plus, depending upon what Biden and Putin say, it could go higher. Of course, spot may fall tomorrow if sanctions on UF6 trade are not announced.

[7kiwi] 09/3/2022 22:46

I wonder how long it's going to take for the traffic to this page and GCL to rise sharply.

It's remarkable that this story has gone largely unnoticed by most.

I understand Uranium was featured on CNBC today. Maybe it will make the financial pages of the press in the coming days.

[7kiwi] 09/3/2022 22:42

BPI at $59 mid.

[yupawiese2010] 09/3/2022 22:29

Just in case anybody isn`t up to speed with todays price rise its due almost certainly due to the following

The Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom Corp., a major supplier of fuel and technology to power plants around the world, according to people familiar with the matter.

No final decision has been made and the White House is consulting with the nuclear power industry about the potential impact, said the people, who were granted anonymity to discuss private deliberations.

Rosatom is a delicate target because the company and its subsidiaries account for about 35% of global uranium enrichment and has agreements to ship the nuclear fuel to countries across Europe. Any punishment would also have to exempt the work Rosatom does with Iran under the terms of the deal limiting the country’s nuclear program, which Biden is seeking to revive.

confirmation link.

[7kiwi] 09/3/2022 22:23

Beat me to it bcmb.

[yupawiese2010] 09/3/2022 22:15

Todays Uranium closing prices - What price will we open tomorrow !!,

Spot #uranium 5800/5900 USc/Lb #U3O8 (Delivery at ALL , Chg +563c, +9.62%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See hxxps://numerco.com/NSet

[7kiwi] 09/3/2022 22:14

Numerco at $58.50 mid.



$1bn NAV will be smashed tomorrow.

[bmcb5] 09/3/2022 22:10

Spot #uranium 5800/5900 USc/Lb #U3O8 (Delivery at ALL , Chg +563c, +9.62%)

Wow. You might need to rework those numbers 7kiwi

[7kiwi] 09/3/2022 21:15

Very scary.

The longer this goes on and the more economic sanctions escalate, I think a stagflationary recession is getting nailed on.

[thelongandtheshortandthetall] 09/3/2022 20:59

It is getting scary 7kiwi.

Putin is yet to reply in kind to our sanctions.
Not sure if people have any idea of the possibilities. We have certainly made some heavy moves against Russia economically and I cant see him not wishing to reciprocate.

Bloody awful situation.

Fertiliser. Gas, wheat.
Plus metals.

[7kiwi] 09/3/2022 20:45

Bloomberg report. Still considering and consulting. However, the decision maybe made for them by Putin tomorrow.

[7kiwi] 09/3/2022 20:21

US considering sanctions on Russian nuclear fuel provider Rosatom.



If confirmed, buckle up.

[7kiwi] 09/3/2022 18:00

.

Deleted, apparently, video from January during Kazakh unrest.

[7kiwi] 09/3/2022 17:46

With the mid-price at $53.50, I make it that YCA's NAV has broken through the $1bn barrier, I think for the first time.



I make the NAV 424p, compared to today's close at 380p - a 10.5% discount.