Yellow Cake Share Discussion Threads

[zcaprd7] 25/8/2022 13:43

Also shrugging off the news coming out of Ukraine as well, which is a positive...

[7kiwi] 24/8/2022 22:31

Spot up 50c or so according to Numerco.

So even though we had a strong performance on YCA today, there's still a lot of room to rise before we even get to NAV, let alone a premium so they can activate the $100m KAP option.

[7kiwi] 24/8/2022 22:28

LWHL,

Based on the North American close I think the GCL NAV might rise 5-6p tomorrow.

[lovewinshatelosses] 24/8/2022 20:17

Thanks 7kiwi. Will take a look now.

[7kiwi] 24/8/2022 20:08

LWHL,

If you want exposure to the miners, take a look at GCL. It's still trading at a small discount to the NAV reported today. The NAV will rise sharply, so if you get in early, you might catch a bargain.

[this tea tastes of chicken] 24/8/2022 18:18

I recall the Rick Rule comment in the spring 7kiwi, I'd somewhat removed the idea of Japan doing this so that was quite a news story today.

[lovewinshatelosses] 24/8/2022 17:26

Interesting to see shorts increased yesterday. I wonder if we might get a little short squeeze here? Certainly would be welcome, especially if the uranium price spikes up. Maybe that large reported trade earlier was one closing? Anyway, good to see the action here today, but annoyed at myself for not pulling the trigger on CCJ recently. Decided to add here instead - but really should have done both really. Hey ho.

[rimau1] 24/8/2022 17:12

Thanks for the informative posts 7kiwi, looks like Japan news really has boosted the market. No election for 3 years and a strong narrative from the govt to reopen the reactors and build more since Japan relies heavily on imported energy.

[7kiwi] 24/8/2022 14:59

SPUT and North American miners on fire at the market open today.

[7kiwi] 24/8/2022 12:04

Aussie stocks were up dramatically last night as Japan said it was going to reopen 17 nuclear plants by next summer and is looking at advanced reactors again.

Rick Rule said a few months ago that Japan reopening may well be the catalyst to the next leg of the bull market.

[7kiwi] 24/8/2022 12:03

👀👀

GCL carried out a 100K share buyback yesterday.



It's only £40K, but GCL's mkt cap is much lower than YCA. With the discount in YCA remaining over 14%, maybe they should announce another buyback too.

[lovewinshatelosses] 24/8/2022 11:13

I am surprised we are not at least back to 400p, given the current NAV.

[7kiwi] 23/8/2022 12:28

With the U3O8 price stable and the plunging pound, the NAV keeps getting stronger.

426p now and the share price is at an 18% discount.

Even SPUT is at a 14% discount.

[kinbasket] 23/8/2022 08:12

When I was a wee'un I grew up near the power station at Bradwell. We used to swim in the sea from a small beach right in the shadow of the building because the water was warm from the cooling process. I'm living testament to the safety of Nuclear and the extra toes I grew did wonders for my swimming.

[jonwig] 22/8/2022 19:19

mrnumpty - I was confining my remark to practical problems in nuclear generation. (Water too hot and, as you point out, not enough of it.) I was also puzzled by the absence of coastal reactors - not a single one on the Atlantic coast from Brest down to Bayonne!

I never get involved in discussions here about climate change or politics unless there's something directly concerning the thread.

[mrnumpty] 22/8/2022 19:07

Jonwig . You state that France is having trouble in cooling its nuclear reactors because “ the water is too hot “ . I’m sure that’s true , but France is suffering from a severe drought . For example , a few days ago , the BBC showed the Loire , the longest river in France , which was extremely low at Saumur , which is only about 100 miles from the Atlantic . Likewise , the Rhine is so low at Kaub ( where the Rhine turns 90 degrees at the Lorelei Rock that river-borne traffic has been suspended . According to the Guardian two days ago , “ China drought causes Yangtze to dry up , sparking shortage of hydropower “ . I believe that the Colorado River in the USA and the Danube are also extremely low . Hopefully these widespread droughts in the northern hemisphere are an anomaly but once again this shows that , whilst the orthodoxy here is Global Warming and consequential unusual weather events , none of those pushing this policy seem to have had any thought that extreme weather events might actually occur !

[mrnumpty] 22/8/2022 18:00

Sorry - had a Numpty moment - should have written “ that’s where Yellowcake comes in “ , but my points also apply to Parkmead , which is another of my holdings .

[mrnumpty] 22/8/2022 17:58

7Kiwi and jonwig. I certainly appreciate Kiwi’s intelligent expose of the roots of Environmentalism . Kiwi’s linking of Greenery and a desire to limit the population is embodied in dear Sir David Attenburgh , whom we are required to adore . Whilst we all know of his TV programmes about the environment in exotic locations , the media prefer to keep quiet about his leading role in the organisation “ Population Matters “ . Personally I find it a bit rich that someone who has spent most of his adult life repeatedly travelling to the ends of the Earth , accompanied by a TV crew and , no doubt , in business class , can make the little people feel guilty about their one short-haul flight a year . In my own life I have noticed that the climate here is certainly warming , but that is not so surprising given that I have lived about 20% of the period since the Little Ice Age , when the Thames froze over in the late-17th century . The theory that global warming is man-made is presented to us as an irrefutable fact by the likes of Attenburgh and Thunberg , with it being virtually blasphemous to query this shibboleth . However , you don’t need to be an astronomer to just Google “ how big is the Sun compared to the Earth “ , where you’ll easily discover that the Sun is 109 X the diameter of the Earth , and that you could fit ONE MILLION Earths inside the Sun . Only 10,000 years ago the whole of Britain was covered in glaciers and yet 1200 years ago , the sea was five metres higher than now ( presumably due to much higher temperatures ) . It has seemed to me that there are a lot of people making a lot of money out of Greenery but , in the blind rush to net zero , they forgot to provide any back-up sources of power for when the wind doesn’t blow and the sun doesn’t shine . That’s where Parkmead comes in .

[7kiwi] 18/8/2022 09:41

New investor pres out:

[7kiwi] 18/8/2022 09:41

Jonwig,

I seem to recall the proposed site for the UK's first SMR was Wylfa on Anglesey. I also recall reading about possibly using some of the Sizewell site.

However, other countries are looking at siting SMRs on the site of decommissioned coal fired plants because the sites are already connected to the grid. I guess they already have some sort of water source too for steam.

[jonwig] 17/8/2022 19:56

Kiwi - not so much political, as showing the development of science and technology and the wrong turnings. (Totalitarian and populist rulers are almost forced into climate denial, whatever their instincts - don't invest in the future when bread and circuses have to be on tap.)

Some unforseen problems have cropped up recently. France can't cool its reactors efficiently as the river water has been too hot. (That's on top of the repairs needed.)
There's probably good reasons why so few of its stations are on the coast: most seem to follow the larger rivers.

And where to site the UK's planned SMRs? Coast would be obvious, especially if rivers go dry in some summers.

[7kiwi] 17/8/2022 18:00

This is perhaps a bit too political for this thread, but nevertheless illustrates some of the case for nuclear power. We need cheap, abundant, high density, reliable energy for humankind to thrive.

The environment movement had its origins in the Eugenics movement, and before that on the writings of Malthus.

The philosophy they follow under-estimates the power of human innovation and so resorts to draconian population control. Essentially, they're pessimistic totalitarians.

It's no accident that Paul Ehrlich wrote the Population Time Bomb at the behest of the Sierra Club. He said cheap, abundant energy would be like handing a machine gun to an idiot child. This is the root of the Green opposition to nuclear power.

Sadly, I think we're going to learn the lessons of this fundamentally wrong philosophy this Winter with soaring energy and food prices leading to under-nourishment and hypothermia.

On the plus side, it won't take many people to wake up to this madness of energy policy to see whole Governments swept from power, and maybe even some parties dying a death.

The link below is the preface to Doomberg's recent piece called Malthusian Malarkey, where they make the case for massive investment in nuclear power.

[7kiwi] 17/8/2022 09:11

rimau,

Yes, see my edit above.

If they do decide to extend the 3 remaining plants, I suspect it will be for longer than a few months. Europe has a massive energy shortage, where they are trying to persuade member states to take a 15% (form memory) cut in their gas usage and they are phasing out all fossil fuels from Russia.

It will be difficult for Germany to persuade others to take such painful measures, effectively to save gas for Germany, when Germany isn't doing al it can to reduce its need for fossil fuels.

We have the absurd situation where the Greens of all people are turning on lignite fired power plants in preference to keeping their clean nuclear plants running.

3 plants on their own doesn't move the needle that much. Perhaps about 0.75% of global Uranium demand. However, if they decide to keep them running, they will have to restock their supply chain, so they will need 3 years worth of material in fairly short order.

As I understand it, 2 of the 3 closed down last year could come back very easily. The third would take a few months longer.

So, if the outbreak of common sense does happen, there could be significant short term additional demand for Uranium just at a time when the market is tightening because of the overfeeding of enrichment facilities is kicking in.

[rimau1] 17/8/2022 07:58

It was then denied by the Govt a few hours later, no decision made! To be honest even if Germany extends it will only be for a few winter months so this really doesn’t shift the needle / 3 plants supplying 6% of Germanys power. You can’t turn back on a moth balled plant either.

[7kiwi] 16/8/2022 16:21

Germany to keep its last 3 nuclear power plants running beyond the end of this year. Hopefully, the outbreak of common sense will extend to restarting the 3 they closed last year.





Edit: WSJ report now denied by German Government.