Yellow Cake Share Discussion Threads

[lovewinshatelosses] 14/12/2022 14:31

Nobody can answer your question, sandrag, nor should you take advice from a chat board. Some of us are here because we think the price of U is going to go up. If it does, the share price here should hopefully follow suit, as it has done historically - but no guarantees. Equally, if it goes down, so does the share price here typically. The current NAV is just over four quid from memory, but this changes depending on USD strength/weakness and U spot price. As a general rule, only invest what you can afford to lose IMO - here or anywhere in the stock market. Good luck with whatever you decide to do.

[sandrag] 14/12/2022 12:48

Well sea7 you seem quite up to speed on this. Being a novice I am wondering if it is worthwhile hanging onto YCA as they have tumbled down such a long way - wish I had sold a while ago when they were showing me a decent profit.

[sea7] 14/12/2022 09:24

One non-US utility issued a Request for Proposals on November 24, seeking over 5mlbs U3O8 equivalent contained in enriched uranium product, TradeTech reports. The utility is requesting material be delivered between 2023 and 2027, with optional quantities in 2028 through 2030, and has specified that the material be non-Russian in origin.

Increasing inquiries from utilities, along with expectations by sellers that prices will rise in the future, means that utilities are seeing a narrower range of pricing than what has been offered in recent months. Sellers are not only focusing on the price in their offers but are seeking longer-term commitments that extend beyond five years and preferably ten years.

Based on recently concluded transactions, TradeTech notes buyers have shown a willingness to meet sellers at the current price level. Buyers who are confining their purchases to the mid-term delivery period are seeing not only higher prices due to tightness of supply, but tighter terms around quantity flexibility.

That said, TradeTech’s term price indicators remain at US$51.00/lb (mid) and US$53.00/lb (long).

Meanwhile…

With all the action in term uranium markets, and further investment apparently drying up in the Sprott Physical Uranium Trust, the spot uranium market appears to have all but closed down for the year.

[7kiwi] 12/12/2022 16:16

zcaprd,

imo, no. The results of that fusion experiment are not even confirmed. Even if/when they are confirmed, even the scientists say it will take decades to get commercial scale power plants. If it's true it's an important step, but only one of the important steps prior to commercialisation.

[zcaprd7] 12/12/2022 09:29

Latest fusion research perhaps?

[lovewinshatelosses] 07/12/2022 19:20

Well, I do not know whether humans are going to avoid destroying the planet and ultimately our entire species and that of most of the rest of the species, irrespective of the so called low carbon/net zero aspirations, but I am confident enough in the cost/benefit/risk analysis for uranium to be a holder here. Watching CCJ closely too (which I missed out on the last time it made a run up), even though that chart looks awful. Might miss that boat again, as I am inclined to see if it goes sub 20USD (and then a potential retest of the circa 18USD low apparently, from a technical perspective). This stock feels 'safer', so happier to ride the waves somewhat. Less counter party risk, without being entirely no counter party risk, of course.

[bountyhunter] 07/12/2022 18:37

The next support level is 350 not 250 and I can't see this going much below 350 myself given the low carbon future the world is heading towards, hopefully in time to prevent climate disaster!

[lovewinshatelosses] 07/12/2022 17:49

If this goes to 250p, without something company-specific, or a touted global ban on U (which I consider to be almost impossible, at least in my lifetime) then I will make this one of my largest holdings.

[return_of_the_apeman] 07/12/2022 16:36

No expert either but I have support at 3.20, 3 and 2.50 - can't believe it would ever return to 2.50

[lovewinshatelosses] 07/12/2022 16:13

If 350p goes, would it not be around 320p for next support? Any actual chart technicians here...because I most certainly am no student of the art! Regardless, if you think the long term trend of U is going to be up, then IMO it does not matter much. If you are only looking to trade it based on NAV, then I guess that is more tricky, especially when you try to determine the short term direction of the USD. IMO it will continue to be the flight to safety currency when the next event happens, but maybe next time will be different? Who knows! GLA.

[rimau1] 07/12/2022 16:01

The problem here is that this used to be a good dollar play but feels like USD has peaked and U308 is falling so bit of a double hit. Is a 10% discount to NAV too high? I agree with others that this could test £3.50, anyone know where the support is after this?

[sea7] 07/12/2022 14:57

Added again today - such an opportunity with such a discount to NAV

[lovewinshatelosses] 07/12/2022 14:46

I took a few more. Will add a final tranche if we see a return to a 20% discount to NAV. Can sit on these as long as required. GLA.

[lovewinshatelosses] 07/12/2022 12:14

As 7kiwi said in an earlier post, think about the direction of travel for U, rather than the daily movements of the spot price. Will add more if we continue the drift down, although I appreciate that now it is more based on U price, rather than a widening NAV. GLA.

[skyship] 07/12/2022 10:00

Uranium looks to be headed down to 46.50 support level.

[csalvage] 07/12/2022 07:54

Nice update

[skyship] 06/12/2022 08:45

Caught the end of a news interview on Business News - talk of alternative, safer nuclear fuel - presumably reflecting the chatter about Thorium. Is that why the Uranium price is in retreeat?

See chart in the last link in the Header. Looks to be headed back to lower support levels.

[aishah] 06/12/2022 08:26

I'm tempted around the 350p area

[return_of_the_apeman] 06/12/2022 08:23

AISHAH,

A 20% discount to nav would give a nice cushion for entry but that is down at 328p. Might be best to pick a price from the chart

[return_of_the_apeman] 06/12/2022 08:15

Spot price $48
Nav 409.6p
Discount to Nav @377p = 7.9%

U.UN closed at 11.9% discount so YCA is holding up better than it's US cousin

[aishah] 06/12/2022 08:12

Quite a retrace here from around 440p. Time for more?

[yupawiese2010] 30/11/2022 17:34

Post deleted - failed to notice that link has already been posted here.

[aylingd] 30/11/2022 09:14

Yes, thanks 7Kiwi - a good read indeed.

[sea7] 29/11/2022 09:41

thanks kiwi a good read

[7kiwi] 29/11/2022 00:30

Must read interview of SPUT by Cantor Fitzgerald.