Yellow Cake Share Discussion Threads

[lovewinshatelosses] 05/10/2022 09:23

I agree, 7kiwi. The motivation for my sell was based on the gamble of that anticipation of a final leg down before we finally see real price discovery in the U market and thus, hopefully here too. I think we are in a bear market rally right now, but not for many days longer. Hence also selling a few other positions for a smaller profit than I would otherwise have sought. I needed more dry powder. Appreciate that 400-odd might be the low and I might have to buy back at a higher price. The risk you take. GLA.

[7kiwi] 04/10/2022 14:05

rota,

I expect YCA to go much higher in the fulness of time. Not sure if this is the moment risk comes back into the market. It can't be far away, but there might be another leg down yet.

[return_of_the_apeman] 04/10/2022 11:05

Good call 7Kiwi to hold :-)

Kicking myself as expected for exiting

Gla

[lovewinshatelosses] 03/10/2022 15:58

I am out again. Markets looking great, especially across the pond. Almost euphoria. Probably too early to exit again, but I of course hope to be able to rejoin soon. Hope, rather than expectation, on my part. GLA.

[mrnumpty] 02/10/2022 14:39

7Kiwi . Thanks . I’m sure people here already know this , but a massive deterrent for private investors in putting money into nuclear power stations in the U.K. is that they only started to see returns once the project was finished and operating . The Telegraph article states that the pensions fund , Phoenix , which is interested , is in talks with government , but that it will only invest if the funding model is overhauled so that companies building plants would be paid during the construction phase , cutting down their development risk and and allowing them to secure cheaper funding . We certainly need this because I believe that the U.K. had 15 nuclear plants in 2020 , but that we’ll only have 3 by 2030 . Anyway , this only relates to the U.K. , whereas I believe there are 400 nuclear power stations worldwide .

[7kiwi] 02/10/2022 12:03

MrN,

I think this was the intention behind some of the recent announcement by the Government. Long term investment for long term returns in nuclear power.

[mrnumpty] 02/10/2022 08:05

On page 3 of the Business and Money section of today’s Sunday Telegraph , there’s an article titled “ Pensions giant preparing to back nuclear renaissance “ . The article states “ Andy Briggs , chief executive of pensions giant Phoenix Group , said he has been in talks with the Government about investing in nuclear power infrastructure and is exploring how it could support the creation of new plants . His support is unusual for the [ pensions ] industry , with pension companies usually avoiding nuclear because of the huge up-front costs involved “ .

[7kiwi] 30/9/2022 17:30

Blimey, that's over a million shares in tonight's uncrossing trade.

Looks like you were a bit early rota.

[return_of_the_apeman] 30/9/2022 10:45

Just sold out
U.un moved to approx 6% discount
Spot down slightly overnight
Still banging its head on resistance at £4

Long term I love this, but greedily hoping for the discount to open again

Not sure trading this will work out as good as just buy and hold (probably not) but it sure feels good to take a profit on something during this market turmoil

Just my ramblings

Gla

[return_of_the_apeman] 29/9/2022 11:04

U.un discount narrowed to under 3% yesterday vs 15% discount at yca

Should mean a sharp rally here

Wondering if sput will trade at a premium later today

We shall see

[j4ckthehat] 28/9/2022 15:47

What a gift today

[return_of_the_apeman] 27/9/2022 08:46

Sea7, according to John Quakes on twitter

Even if Kazatomprom is able to resume full production in 2025, seems very unlikely any new supply will go to western utilities.⚠5039; #Kazakhstan has a deal with #China to fill a 23,000tU (60 Million lbs #U3O8) #Uranium storage facility by 2026, taking all $KAP's available lbs

[sea7] 26/9/2022 20:21

The uranium producer stated in its mid-year financial statement that it has the confidence to target 2024 uranium output that will be 2000–3000 tU (tonnes of elemental uranium) over the anticipated 2023 level, thanks to mid-term and long-term contracts.

[sea7] 26/9/2022 20:16

Published continuously since 1956 with more than 60 years of being an independent nuclear technical journal, Nuclear Engineering International covers all aspects of civil nuclear power generation and its related supply chains globally.

Topics covered range from front-end fuel cycle to power plant operations to decontamination & decommissioning. In addition to technical subjects, we also cover market developments, economics, government policy and management issues.

[skyship] 26/9/2022 15:41

Couldn't resist the quick 10p; so out again at 383.1p

[skyship] 26/9/2022 12:46

Also back in today with just 5k @ 372.7p...

[return_of_the_apeman] 26/9/2022 11:49

Added 5k just now - perhaps the sma 200 will hold as it bounced of it earlier, there is currently a 22% discount to NAV and we will benefit as u308 is priced in dollars

Next tranche at £3.50 if it gets there

[lovewinshatelosses] 26/9/2022 11:37

I have retaken a small position here, even though I am sure I could have got cheaper, had I been more patient. Will buy more if we revisit sub 360 on no relevant news. GLA.

[7kiwi] 23/9/2022 20:56

Sky,

I don't rule it out in these turbulent markets. But even taking into account the small dip in U3O8 today to $49/lb mid, the NAV is 470p, due to the pound plunging. That puts us at a discount to NAV of nearly 20%.

[skyship] 23/9/2022 16:47

The 200day SMA at 369p would be a good entry point:


free stock charts from uk.advfn.com

[sea7] 23/9/2022 08:38

thanks kiwi, i am tuning into the podcast

[7kiwi] 23/9/2022 00:17

Back to a very substantial deficit to NAV, over 14% because GBP has fallen and the U3O8 spot price is ticking up again, so surely the share price should start to recover again soon.

[7kiwi] 22/9/2022 19:41

Must listen podcast on the overall nuclear and Uranium industries. Link on the tweet below. Free and no registration required.

[sea7] 22/9/2022 16:34

I note that yellowcake is the 7th largest holding in sprotts URNM etf



Yellow Cake PLC $40,808,754.39 JE00BF50RG45 YCA LN BF50RG4 9,020,363 4.41%