Yellow Cake Share Discussion Threads

[j4ckthehat] 16/8/2022 15:21

https://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/largest-uranium-companies/

[bootie64] 16/8/2022 08:51

Great information posted with links too, thank you 7kiwi

[7kiwi] 15/8/2022 12:34

Big players getting into the SMR space. Korea's SK Group takes $250m stake as Terrapower raises $750m to advance its SMRs. First due to be operational in Wyoming in 2028

[7kiwi] 14/8/2022 10:15

More nuclear investment incoming. Nuclear to be branded green to lure investors: Treasury may classify reactors as eco-friendly to win pension fund backing for Sizewell C

[7kiwi] 12/8/2022 23:01

The US House has passed the Inflation Reduction Act that provides $30bn to keep existing reactors running and $700m to invest in HALEU for new advanced reactors.

[7kiwi] 11/8/2022 21:58

American utilities mulling adding 90GW of new nuclear capacity. Effectively doubling current capacity, although some would no doubt go end of life.

[7kiwi] 11/8/2022 19:52

European inventories of Uranium falling. This represents about 3 years of inventory. However the EU is reliant on Russia for about 19% of its raw U3O8, 25% of conversion and 31% of enrichment services. So, even though their contract coverage looks healthy out to 2026, under covers, there's real problems emerging in security of supply.




Edit: I should have added the link to the new Euratom report:

[7kiwi] 11/8/2022 16:09

I agree China would not welcome Russian intervention in Kazakhstan. However, even the threat of it maybe enough to lead Western utilities away from KAP Uranium, leaving it all for China.

[jonwig] 11/8/2022 15:51

But China is developing close economic relations with Kaz. That doesn't suggest it would welcome military intervention by Russia (01/08/22):



Of course, the uranium price would be set alight by any such moves.

[7kiwi] 11/8/2022 15:31

Uh, oh. Geo-political risks rear their head again. Does hastily deleted tweet reveal Russia's real intentions towards Kazakhstan after its Ukraine adventure?




A bug chunk of global Uranium supply would be at risk.

[7kiwi] 11/8/2022 13:42

More good news for Uranium. Nuclear can produce green hydrogen more efficiently than any other electrolyser yet tested.

[bootie64] 09/8/2022 08:34

Thought the takeover of UEX was pretty much over once UEC upped their offer putting Denison mines out. Seems we have a new late bidder for UEX, bring it on!Bullish for Uranium market:-)hTtps://www.thenewswire.com/press-releases/1LPRF8Jz0-uex-corporation-announces-receipt-of-acquisition-proposal-and-postponement-of-securityholders-meeting.html

[sea7] 02/8/2022 19:13

Dated today...





Term Markets

Although utilities have decided to forego participation in the spot uranium market, they remain extremely active in realigning their portfolios to mitigate potential exposure in the event of a Russian-related disruption, TradeTech reports.

These efforts have been primarily focused on addressing enrichment and conversion needs, but the market is now seeing utilities venturing into addressing long term uranium needs as well.

That said, only two transactions were concluded in July for term delivery of approximately 1mlbs U3O8 for delivery beginning this year and extending into 2029. But five off-market transactions that have been under negotiation for several months were finally concluded and account for delivery of over 10mlbs to occur over a range of time periods, with some extending until 2030.

Offers are due this week to supply the US Department of Energy with 1mlbs U3O8 for the planned US strategic uranium reserve.

TradeTech’s mid-term price indicator has dipped to US$51.50/lb at end July, down from US$52.00/lb. The long-term price indicator remains at US$53.00/lb.

[yupawiese2010] 02/8/2022 17:20

SKY - No im not that clever !!!

[skyship] 02/8/2022 15:48

Yupa - thnx for that - is that you running it?

[yupawiese2010] 02/8/2022 15:17

Sky the NAV info is here.

[skyship] 02/8/2022 11:20

YCA break through 350p; move on to 380p, then pullback to the breakline - a common TA move.

Could be a good opportunity to get back in. Anyone have a handle on the latest NAV with U at 49.5?


free stock charts from uk.advfn.com

[sea7] 01/8/2022 19:43

7kiwi - thanks - did you spell "discount" incorrectly on purpose -lol

[7kiwi] 01/8/2022 09:16

jonwig,

I think they're being a bit weaselly in the commentary. Cameco hasn't been able to ship its share of the JV Inkai material since the start of the Ukraine war.

Plus, they have opened the door to a production shortfall this year due to logistics difficulties they faced last year due to Covid. But other than saying they're spending below budget on Capex this year, no real commentary on the well field capacity they're supposed to be delivering this year.

[jonwig] 01/8/2022 07:42

KAP trading update:



Includes a survey of macro issues and their transportation routes (generally positive there).

[sea7] 29/7/2022 17:35

that is some uncrossing for yca

[7kiwi] 29/7/2022 17:03

Blimey, over 1m shares traded on the UT trade at the end of the day.

Discount might end up closing on its own at this rate.

[return_of_the_apeman] 29/7/2022 10:52

7Kiwi,

Thanks for pointing me in the right direction and providing a link

I will have to confess my ignorance now having not read it yet :-)

So, agreement to purchase up to 10% of all shares in issue (18millon).

I would have thought that agreement would be enough to ensure a less than a 10% discount (defined as material) to spot prices

Thanks again

[7kiwi] 29/7/2022 10:11

rota,

AGM resolution 13 gives them the general right to buyback shares.



Looks like they are giving themselves authority to do buybacks more generally, and not requiring specific authorisation. I guess they have to ensure they keep a prudent amount of cash on hand to cover storage costs and other running costs too.