Yellow Cake Share Discussion Threads

[skyship] 17/11/2022 13:38

Anyone got a handle on the NAV here now that Uranium back down to 50.65?

[bountyhunter] 05/11/2022 19:41

France Considers Boosting Uranium Enrichment Capacity To Cut Reliance On Russia

"Many governments in the West have doubled down on nuclear power generation after the Russian invasion of Ukraine, which made natural gas in Europe too expensive.

France is considering increasing its capacity for uranium enrichment as the Western allies look to reduce their reliance on Russian nuclear power plant fuel.

French state-held uranium conversion and enrichment specialist Orano SA is reviewing options to boost the capacity at its Georges Besse II plant to 11 million separative work units (SWU) from 7.5 million SWU now, a statement from France’s public debate committee says."

[sea7] 31/10/2022 22:14

end of month rebalancing taking place - might account for some of the drop today

[bountyhunter] 31/10/2022 07:31

"Yellow Cake's estimated net asset value on 28 October 2022 was GBP4.71 per share or US$1,001.4 million, assuming 18.81 million lb of U(3) O(8) valued at a spot price of US$52.55/lb [7] and cash and other current assets and liabilities"

[metis20] 26/10/2022 08:55

"Uranium futures rose past $53 per pound in the fourth week of October, the highest in six weeks, as the energy crunch worldwide spurred higher investment in the nuclear energy sector despite the outlook of higher borrowing costs by major central banks."

[jonwig] 26/10/2022 07:28

KAP trading update:



No delays so far in transporting north through Russia, but there have been on the Caspian-Black Sea route.

And: "...the Company may face significant challenges to any increase above current production levels, based on the current state of global supply chains and the availability of key operating materials.".

[7kiwi] 25/10/2022 11:03

New investor pres out.




Mid-price according to Numerco up to $52.75 gives a NAV of slightly over $1bn again.

[7kiwi] 20/10/2022 00:17

SPUT up to nearly $35m cash, but no new cash raised today and no lbs bought. But spot creeping up to $51.50 mid. Pound also weaker so YCA NAV up but share price down.

[7kiwi] 18/10/2022 10:03

SPUT now holding $29m of cash after raising $3.5m last night. Plus, it closed at a premium to NAV. Any further ATM activation likely to go towards stacking more U3O8.

[thomstar] 17/10/2022 20:11

The trend is your friend

[7kiwi] 17/10/2022 19:06

Looks like fairly low volume being traded, but SPUT is back in the ATM zone, so we might expect a modest cash raise later tonight.

[7kiwi] 17/10/2022 18:16

Germany to extend the lifetime of all three nuclear power plants scheduled to close at the end of this year.

[sea7] 14/10/2022 08:54

sput closed at 0.39% discount to NAV - good chance they will issue again today

[7kiwi] 14/10/2022 00:58

SPUT's ATM is back on. They raised $9.7m today and bought 100K lbs, leaving $22.7m in cash. Started buying earlier than I thought they would. Spot up a dollar or so according to Numerco too.

[sea7] 13/10/2022 10:52

thanks kiwi - can see it now.

i like this part...

One view for short-term price upside is due to anticipation that utilities will become more active in the market towards the end of the year. Our conversations with those in the industry have concluded that Q4’22 should be an aggressive quarter of term contracting from utilities, driving total contracted term volumes to and possibly beyond 100m lbs for the year.

Others anticipate that the current broader market environment will soften and see SPUT
return to the market for a strong end to the year. With broader market headwinds calming, SPUT can rejuvenate what has been a comparatively quiet year in uranium purchasing. Both of these outcomes would add further pressure to prices.

[7kiwi] 13/10/2022 10:21

Wow, that's quite a pop in YCA this morning.

Try this link instead for the Ocean Wall piece.



It covers the Cameco deal to buy Westinghouse with Brookfield, plus what's happening in the fuel cycle.

[sea7] 13/10/2022 08:54

Thanks jonwig

I think it was significant the recent visit by xi to kazakhstan as a way of saying to russia, that this is in their back yard and to be mindful.

[jonwig] 13/10/2022 08:48

Politically interesting, sea7.

Kaz is part of Russia's self-styled sphere of influence (its troops were invited in recently to help quell riots). Yet now it seems to be the new route of choice for Russan men escaping the draft. Russia couldn't close the border if it tried (it's too long), let along make military threats.

China will already have said "Hands Off", as it has material interests in Kaz including this one. It also has a policy of non-interference in the affairs of other states (Taiwan doesn't count).

[sea7] 13/10/2022 08:32

thanks kiwi - i am not able to see via linkedin, but i did see this report on oceans site..





At the current rate of Chinese procurement of uranium, coupled with their plans to build eight new reactors a year, we could see China sequester 4-5 years of global consumption. With global annual demand for uranium at c.200m lbs/year, that’s potentially 1bn lbs of uranium sequestered from the market.

In addition to the current uranium procurement strategy being executed in China, the government also announced the creation of a strategic uranium stockpile on the Chinese Kazakh border. The Alashankou Uranium Bonded Warehouse is expected to hold 23,000 tons of uranium, equivalent to the annual production of Kazakhstan. While it is estimated that ‘only’ 3,000-4,000 tons are currently being stored at this location, in 2023, this will increase four-fold.

[7kiwi] 12/10/2022 14:29

Ocean Wall's latest thoughts on the Uranium market.

[7kiwi] 06/10/2022 11:20

Yes, sea7, they need to raise another $12m or so to replenish their cash back to ~1% of NAV. After that, funds raised should go to purchase more U3O8.

[csalvage] 06/10/2022 11:18

Berenberg raised yellow cake to buy target 6.00 from 5.00.

[sea7] 06/10/2022 08:24

sput managed to issue 92,000 new shares ATM yesterday on top of the 13,000 the day before. Moved up to 18m in cash - they need to issue a lot more before buying any more U

[7kiwi] 05/10/2022 21:27

Looks like SPUT's ATM has been active for much of the day, albeit on quite low volume.

Quite an achievement on a general market down day.