Yellow Cake Share Discussion Threads

[7kiwi] 25/9/2023 18:12

Looks like lots of others have too.

[jaf111] 24/9/2023 17:49

Ian Cowie of The Sunday Times has been buying YCA….

[yupawiese2010] 23/9/2023 00:06

We can know observe that sput purchased 100k lbs of u3 today, yet raised a further $14.2 million, to now sit on $59.7 million in cash.

[7kiwi] 22/9/2023 22:01

BPI now showing $70.50/lb mid-price.



Holy moly.

[bmcb5] 22/9/2023 20:06

I’m glad I don’t try to trade this

[7kiwi] 22/9/2023 20:05

Numerco now over $69 mid. Going a bit bonkers today.

[7kiwi] 22/9/2023 16:56

Numerco now at $68.75/lb mid. I wonder if SPUT is putting its $52m to work and trying to buy some pounds? If they want to keep say $30m as float, they have enough for ~300,000lbs.

[thomstar] 22/9/2023 16:11

550 gone, 600 next week???

[7kiwi] 22/9/2023 15:49

Uranium Markets reporting $68-70/lb for a $69 mid price. Numerco not updated yet, but I guess this explains the late run.

[yupawiese2010] 22/9/2023 15:33

Uranium markets have just reported a $2 spike in the price to $69, with sellers now asking $70

[bertiebingo] 22/9/2023 09:20

Cantor's daily NAV est says the discount is 5.3%

[7kiwi] 21/9/2023 23:03

Bids up a tad, so Numerco mid-price now $67.25/lb.

[7kiwi] 20/9/2023 14:23

According to Russian Embassy on X, the Russkies have brokered a ceasefire

[7kiwi] 19/9/2023 00:09

SPUT raised $6.6m, bought no new lbs and has just shy of $50m in cash.

[7kiwi] 18/9/2023 23:44

Spot up again, SPUT ATM turned on again and GBP weaker so all set for another share price rise tomorrow. Maybe $70/lb is on the cards this week.

[7kiwi] 16/9/2023 00:41

Time for SPUT to start purchasing again. Spot off a little to $65.75/lb mid-price. But NAV at 546p.

It's going to be an interesting time next week.

[yupawiese2010] 16/9/2023 00:14

Sput. No pounds purchased
$9.4m raised
$43.4m in cash!

[thomstar] 15/9/2023 16:23

Sailed past 500 today , looking good. Onwards and upwards

[jonwig] 15/9/2023 06:57

Uranium prices hit 12-year high as governments warm to nuclear power
Cost of ‘yellowcake’ jumps to levels not seen since before 2011 Fukushima disaster
Uranium prices have surged to their highest level in 12 years, underlining a global renaissance in nuclear power as utilities race to lock in fuel supplies.

Prices for the commodity dubbed “yellowcake” have jumped about 12 per cent to $65.50 per pound over the past month, breaching last year’s peak to reach heights not seen since 2011, according to data from UxC, a pricing data provider.

Uranium demand has been lifted by governments from Washington to Seoul and Paris seeking energy independence by extending the lifetime of the existing fleet of nuclear reactors as they contemplate building new plants after gas prices skyrocketed due to Russia’s full-scale invasion of Ukraine.

The milestone for uranium prices marks a big step towards nuclear power’s re-emergence as a critical carbon-free source of baseload power in global efforts to tackle climate change, a role that had been undermined by Japan’s Fukushima nuclear disaster in 2011.

“You have a focus on energy security colliding with a focus on clean energy,” said Grant Isaac, chief financial officer at Cameco, the world’s second-largest uranium producer.

“The days of buying $40 uranium are over — and probably also for $50 or $60. We’re going to need new supplies,” he added.
Line chart of $ per £ showing Uranium prices rally to highest level since 2011

The pullback in uranium demand and prices following the Fukushima disaster led to a dearth of new mining projects being developed, helping to lay the groundwork for higher prices now.

A coup in Niger, which generates about 4 per cent of the world’s uranium, has added to the upward pressure, as has Cameco announcing in September lower full-year forecasts for production due to challenges at its Cigar Lake mine and Key Lake mill in Canada.

Orano, France’s majority state-owned nuclear company, said last week that shortages of critical chemicals have led its operations in Niger to bring forward planned maintenance.

Prices are still some way off their $73-per-pound level before the Fukushima disaster, which left the uranium market oversupplied for more than a decade after Japan and Germany began decommissioning their nuclear fleets.

Per Jander, director at WMC Energy, a commodity trading merchant, said that the “steady increase” in price was mainly driven by energy utilities, rather than investors.

“There’s a crunch for the next couple of years,” he said. “Not only are we going back to pre-Fukushima levels, we are exceeding it,” he added, referring to the pace of nuclear developments globally led by China.

Just last week, the World Nuclear Association, an international trade body, raised its forecasts significantly for nuclear power’s contribution to worldwide electricity generation and uranium demand.

It estimates that more than 140 reactors could operate longer than previously expected and 35 gigawatt hours of small modular reactors could be developed by 2040, requiring new mines to be developed to meet uranium’s demand doubling to 130,000 tonnes annually.

The nuclear fuel supply chain has been rocked by Russia’s war in Ukraine, since the aggressor nation plays a vital role in the conversion and enrichment of uranium.

“There’s been an imbalance between supply and demand for some time, and it has now been exacerbated by geopolitics,” said Nick Lawson, chief executive of Ocean Wall, a brokerage, who predicts that the uranium spot price could rise to $200 per pound by 2025.

[7kiwi] 14/9/2023 23:51

Spot up again after hours to $66.25/lb mid on Numerco (65-67.50 spread).

And I suppose we should congratulate Andre on presiding over a £1bn market cap company.
🍾🍾🎇🎇

[7kiwi] 14/9/2023 23:34

If you are at all interested in the Uranium market, this 40 minute conversation between Kuppy and Mike Alkin is an essential watch.

[7kiwi] 14/9/2023 22:42

I now think it's inevitable that someone bids for YCA. 20m lbs will be a significant chunk of material to close the structural supply gap during the next 12 months.

The question is who and when & at what U3O8 price?

Orano or Cameco or KAP.

Any thoughts anyone?

[7kiwi] 14/9/2023 22:34

Evo Markets reporting $65-68 for a mid-price of $66.50/lb. Expect Numerco to move tomorrow.

SPUT seems to have raised significant cash today so now Sprott will be in the market too.