Yellow Cake Share Discussion Threads

[jonwig] 17/9/2018 09:49

Very confident man in that video! But the fact it was delivered in July 2017 means this process might go more slowly than many expect.

Share price around par with nav now.

[jonwig] 14/9/2018 11:51

bmcb - thanks. And a new header. (When I first looked at Google images most of them were for baking sites!)

[bmcb5] 14/9/2018 11:38

Mike Alkin video "Uranium - A New Bull Market Is Dawning"


I've added this to the header

[jonwig] 06/9/2018 19:07

DavR0s - 'each to his own' ... trading's not for me. But something we appear to have in common is cutting losses early which is psychologically very difficult for some people.

[davr0s] 06/9/2018 18:01

Each to their own. I'm a full time trader so will always trail out profit and never let it becoming a losing position. I need to make a return rather than trying to be right so I've already trailed this one out. Too many people on bulletin boards rationalise losing positions as long term holds as they don't know what to do with an underwater position. If this sets up I'll reenter

[jonwig] 06/9/2018 17:58

Another related article:



and an overview:

[jonwig] 06/9/2018 17:47

News from the Symposium today:

The head of Kazatomprom, the world’s biggest producer of uranium, has pledged to stick with its “value over volume strategy” as the industry continues to grapple with low prices.

Galymzhan Pirmatov said the state-owned company, which is set to be privatised later this year, had a duty to act “responsibly” and not flood the market with more of the radioactive material.

“We no longer look at uranium as a resource to be used but as an asset we are managing,” he said at the World Nuclear Association Symposium in London.

Production cuts, cancelled projects and interest from financial investors has helped drive the price of uranium, used in nuclear reactors, up by 30 per cent since April.

But it still remains significantly below the $70 a tonne level it was trading at before the Fukushima nuclear disaster in 2011.

At current levels analysts say most of the industry is lossmaking and further mine closures could follow once long-term contracts signed with big utility companies start to roll off over the next few years. That could ultimately lead to a supply crunch and another boom-and-bust cycle for the industry.

Mr Pirmatov said the production method used by Kazatomprom — called in situ recovery, which has similarities to the techniques employed by the US fracking industry — allowed the company to flex its output up and down.

“Going forward . . . we are going to adjust our production levels to meet market forecasts,” Mr Pirmatov, adding that the company was also looking at the earlier closure of some of its old mines.

Kazatomprom is the largest uranium mining company in the world with 20 per cent of global production. In effort to tighten the market it announced plans at the end of last year to cut its planned production by 20 per cent in 2018, 2019 and 2020.

“If we produced what we planned it would have been pretty close to 30,000 tonnes. That was the plan and it was easily possible. It took a lot more effort to actually do what we did and be disciplined,” said Mr Pirmatov.

Kazatomprom recently set up a trading arm in Zug, Switzerland, that has given the company greater market intelligence on which to base its production decisions.

Asked about the company’s privatisation plans, Mr Pirmatov, who took the helm of the company last year, said the government of Kazakhstan could opt to list the uranium miner on western stock exchange, but no decision had yet been made. Analysts reckon the company is leaning toward an IPO in London.


Illustrates the consistent strategy from major producers to get the price up.
YCA would want to be in the market, but has no cash ... yet!

[aelliott09] 06/9/2018 09:59

It really is a long play, you don't want to be a mug but topping up seems sensible from what I have read on this stock

[rhuvaal2] 06/9/2018 09:04

The initial rise has been rather sharp: anyone buying now should be prepared for topping up at lower.

[kristini2] 06/9/2018 07:29

Davros- ride the trend which has now been broken

this is a long term buy and hold on uranium price recovery of and when that happens, and with negative correlation to stocks which look expensive

will it go back to £2 ?

[jonwig] 05/9/2018 08:08

I think this will be an important event for discussing the likely price in future. But how much will be available in the public domain?

When the World Nuclear Association Symposium kicks off [today], analysts expect discussion to centre on the recent supply cuts and the deal that saw Kazatomprom, the world’s biggest uranium producer, bypass the spot market and sell a large chunk of its annual output to Yellow Cake, a London-listed investment vehicle that is planning to buy and store a large amount of the metal in anticipation of higher prices.

Much more, and the views aren't all one-way:

[davr0s] 04/9/2018 18:06

No one knows where any share price is going to go - just ride the trend until it's no longer trending

[tinman] 04/9/2018 17:00

This is intriguing, may add some of these. I think it fits well with the new 'clean power' ethos prevalent today.

[jonwig] 03/9/2018 05:37

andyj - it does look that way!

A major nuclear accident (low probability, high impact) is the only thing I can imagine. But in a general market crash, even this could be sold off - temporarily.

[andyj] 02/9/2018 11:45

Unless I'm missing something, it's difficult to see what the downside risk is here.

[jonwig] 30/8/2018 18:57

Dav - no, the share price was 252p when they wrote the piece ... I think!

[davr0s] 30/8/2018 18:26

Crikey there sticking their neck - a buy with a whole 4p profit target

[jonwig] 30/8/2018 17:44

IC 'buy at 252p'. Summary:

Broker Berenberg reckons $50-a-pound uranium prices are needed to incentivise new mine supply, which is a necessity if the uranium market is to function smoothly in the long term and one which Yellow Cake is arguably helping to accelerate by taking stock off the market. As we have previously flagged, nuclear is a crucial, but often overlooked part of the low-carbon energy transition. Yellow Cake is a low-risk bet on that future. Buy.

[kristini2] 26/8/2018 09:40

looks a bit overbought so may buy if it drops back a bit

[jonwig] 24/8/2018 05:45

@ kristini - post #61 shows the make-up of URA.

@ bmcb5 - post #76 - good stuff, yes, and shows the range of views on the upside prospects for U.

[bmcb5] 23/8/2018 22:01

Can't argue with that Kristini. Geiger Counter is my largest single holding. I'm a little surprised it hasn't started to move yet.

[kristini2] 23/8/2018 21:15

I bought geiger counter which i think is a fund that invests in the miners, the etf URA i think is linked to the uranium price and on Amex;

Global X Uranium Etf

AMEX:URA


Global X Uranium Etf (URA)
Global X Uranium Etf (URA)

Delayed

Get real time


Follow URA
Name Symbol Mkt Delay 15 Mins Type ISIN Description
Global X Uranium Etf AMEX:URA American Stock Exchange Fund
Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN
-0.09 -0.7% 12.54 12.66 12.53 12.63 131,129 21:40:10
*quotes are delayed by at least 20 minutes

Sector Turnover (m) Profit (m) EPS - Basic PE ratio Mkt Cap (m) NMS
Closed-End Fund - Equity 0.00 0.00 0.0 0.0 N/A

Type Size Price Time Units
9 1 12.58 Closed USD



Pre-Market and After-Hours
Change % Chg Price Bid Offer
0.0%

Recent News
Date Time Source
Headline
16/03/2018 21:00 PRNUS Global X Funds Announces Index Change for Uranium ETF
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More URA News

[bmcb5] 23/8/2018 20:44

As an example of the great insight you can pick up on twitter, take a look at this extended conversation: