Yellow Cake Share Discussion Threads

[riverman77] 25/4/2022 10:27

Given that Uranium is a mission critical asset what are the risks (if any) that authorities clamp down on investment funds hoovering up all the new Uranium supply? Not something I've looked into in any detail but surely needs to be considered.

[sea7] 25/4/2022 09:51

It's happening folks!🤠€002; On Friday SEC/NYSE gave their blessing for North Shore Global #Uranium #Mining ETF to be reborn as '@Sprott Uranium Miners ETF' $URNM.👶 ETF assets transferred to @Sprott, Bloomberg now quotes new name, official PR to market coming Monday

[sea7] 25/4/2022 09:42

7kiwi thanks... - yep - wont be long to find out and yes, the takeover of URNM completed.

[7kiwi] 25/4/2022 09:01

sea7,

We should know in a month or two whether SPUT has got the NYSE listing.


Meanwhile today, Sprott officially takes over the running of URNM, probably the best of the Uranium ETFs. Now free to market to its institutional and HNW clients.

[sea7] 25/4/2022 07:28

Any sanctions against Russian uranium will only widen an already existing supply deficit as the world looks to nuclear energy as a “green” alternative.

-No word yet on uranium sanctions
-Sprott looks to list in New York
– Quieter week in the spot market

and

SPUT for NYSE?

In 2006 the New York Stock Exchange merged with electronic communications network Archipeligo to form the NYSE Arca, which has become the primary exchange for US exchange-traded products.

Last week in a filing with the US Securities and Exchange Commission, NYSE Arca proposed a rule change regarding the proposed listing and trading of the Sprott Physical Uranium Trust (SPUT) on the Exchange, TradeTech reports.

NYSE Arca noted that subject to two exceptions, being "No Redemption of Units" and "No Intraday Indicative Value”, the SPUT units satisfy the Exchange's requirements and qualify for listing.

The Trust currently holds nearly 55mlbs U3O8 and had a total net asset value of US$3.56bn as of last week.

[bountyhunter] 25/4/2022 06:13

Buybacks continued on Friday:

"Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announces that, on 22 April 2022, it purchased 78,914 ordinary shares of GBP0.01 each in the Company (the "Shares") on the London Stock Exchange through Canaccord Genuity Limited, in accordance with the terms of its share buyback programme announced on 4 April 2022 (the "Programme"). The Shares acquired will be held in treasury."

[7kiwi] 23/4/2022 11:17

SPUT bought more Yellowcake yesterday, but is now probably at their minimum cash level below $30m.

Spot prices fell a lot yesterday, so I guess we're in for further weakness until SPUT starts trading above NAV and reactivates the ATM.

[7kiwi] 22/4/2022 07:33

Yes. And met again this morning.

[bountyhunter] 22/4/2022 06:14

but buybacks continued yesterday, presumably the condition was met earlier in the day

...on 21 April 2022, it purchased 85,000 ordinary shares of GBP0.01 each in the Company (the "Shares") on the London Stock Exchange through Canaccord Genuity Limited, in accordance with the terms of its share buyback programme announced on 4 April 2022

[7kiwi] 21/4/2022 18:03

Spot Uranium falls $2 to $60.25 mid-price



No longer more than 10% below NAV.

[bountyhunter] 21/4/2022 09:44

If they want to liquidate at prices more than 10% below NAV then the more the better! That would give the NAV a further boost if repurchased shares in treasury are cancelled and value will come through in the end.

[alpal2] 21/4/2022 07:56

One of the problems with limited buy-backs is that it presents a floor price at which larger holders can liquidate in a generally illiquid market.

[bountyhunter] 21/4/2022 06:03

Buybacks commenced...

Transaction in Own Shares

"Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announces that, on 20 April 2022, it purchased 84,500 ordinary shares of GBP0.01 each in the Company (the "Shares") on the London Stock Exchange through Canaccord Genuity Limited, in accordance with the terms of its share buyback programme announced on 4 April 2022 (the "Programme"). The Shares acquired will be held in treasury."

[bountyhunter] 20/4/2022 12:21

Cheers kiwi.
It would be good to have that link in the header.

[disc0dave45] 20/4/2022 12:18

Agree, I have about 12% discount even at 451p (based on your previous postings - thanks by the way).

[7kiwi] 20/4/2022 12:10

Spot prices are regularly updated on Numerco's twitter feed.

Spot mid-price currently $63.25

[bountyhunter] 20/4/2022 10:36

Is there a link to the Uranium price somewhere in the header? Presumably the long term U308 charts keep themselves up to date.

[7kiwi] 20/4/2022 10:33

If the price stays down here, I can see the buyback programme being activated tomorrow.

[jonwig] 19/4/2022 07:34

KAP's share price has been stronger of late: $25.60 (04/03) to $35.40 today.
On 12/04 they said;

"As the world's largest producer of natural uranium with attributable production representing approximately 24% of global primary uranium production in 2021, the Company has partnered with the leading companies in the global nuclear industry at 12 of its 14 mining assets. Adherence to the highest standards for product quality with programs and systems in place to ensure we meet or exceed international environmental, social and governance standards in everything we do, confirms that Kazakh-produced uranium is equal to or better than the material produced anywhere in world. Host to some of the world's most significant uranium resources, Kazakhstan's unique geological conditions allow for uranium extraction using the in-situ recovery (ISR) mining method, offering significant health and safety advantages, along with a minimal impact on the environment. The Company stands ready to work with its top-tier partners and global utility customers, including US customers with whom Kazatomprom continues to strengthen its relationships, to ensure every global reactor will be able to maintain operations as the world economy seeks energy security and increasingly relies on clean nuclear power."

"In the context of the recent announcement of proposed US legislation to ban the import of Russian uranium to the US, Kazatomprom strongly supports any initiatives aimed at bringing a peaceful settlement to the situation and an end to the tragic violence in Ukraine," added Neil Longfellow, independent director and Chairman of Kazatomprom's Board. "However, the discussion and debate surrounding the proposed legislation often associates Kazakh-origin natural uranium with Russia, and that is misleading.

Kazakhstan's natural uranium, whether shipped to customers by Kazatomprom or our eastern or western operating partners, does not change title or origin through to its arrival at a western conversion facility, regardless of the transportation route utilized.

It should be clear that the legislation as proposed would not restrict Kazakhstan's natural uranium products. Kazatomprom therefore expects to meet its obligations and take all necessary actions to continue to reliably meet the needs of customers from around the world who have put their trust and confidence in the Company."
An exercise in studied neutrality.

[7kiwi] 19/4/2022 07:00

SPUT closed at a discount of over 6% last night. Nearly as big as YCA.

[7kiwi] 16/4/2022 09:13

Excellent thread from John Quakes outlining the investment case for Uranium.

[bountyhunter] 13/4/2022 06:47

In that context Advfn has the current MC @ £870m for YCA

[7kiwi] 12/4/2022 23:24

U3O8 ticked up $0.25/lb again today, despite SPUT not buying anything.

Currently at $63.79. Assuming GBPUSD stays stable, the NAV will rise above the magic £1bn if and when the spot price goes to around $69/lb. The market cap might take a while longer if the gap to NAV doesn't close.

[bmcb5] 11/4/2022 13:34

Taken another 2300 for ISA

[disc0dave45] 08/4/2022 16:22

Will the share buyback ever take place I wonder?. Would have to be around 450 and IMO can't see there being a 10% given bullish short term market sentiment.