Yellow Cake Share Discussion Threads

[rjmahan] 23/12/2023 00:31

What I dont get with this is what is the end game ? If Uranium goes to $200. Can investors redeem ?

OK it tightens the market - but uranium really only has value if it is ever used. Of course when it is released market loosens and price falls.

Any thoughts ?

[7kiwi] 22/12/2023 23:38

Rimau,

You would be right if they could still buy Uranium at 48. But they can't.

If they can buy Uranium at less than the equivalent price reflected in the share price (~$76.70 today), then they should possibly hold on to the cash, or buy the Uranium. I suspect they can't, so a buyback would be more accretive.

Probably better in the medium term to buy back, get the share price close to NAV and activate the $100m 2024 option with KAP and take another 1m lbs or so off the market. NAV will then rise again as the market tightens further.

[7kiwi] 22/12/2023 22:17

Numerco has $91.50/lb mid. Takes YCA over $2bn NAV, but we're at over 16% discount so not getting the full value yet in the share price.

[rimau1] 22/12/2023 20:14

Imagine the optics - recent placing at £5.50 and then we will buyback stock at £6+ Happy for them to hold the cash and keep purchasing the contractural amount of U each year. Surely buying U is more accretive. Last purchase was at $48! No rush to close the discount.

[kinbasket] 22/12/2023 17:19

Can I just say that "Walter Walcarpets" is my favourite username this year.. Makes me laugh every time.

[7kiwi] 21/12/2023 11:59

Yes. Time to consider a buyback.

[fidra] 21/12/2023 11:42

Thank you for posting those 7kiwi,and thanks for the link swan Vesta.

Is the discount not getting unduly large here?

[7kiwi] 21/12/2023 10:05

New pres out:

[7kiwi] 20/12/2023 19:39

👀👀



Numerco spot breaks $90/lb. I make total NAV now $1,984.7m, and NAV/share 723p

[swanvesta] 20/12/2023 09:31

fidra, try the following link. It also tracks SPUT (relayed from the Sprott website) which is handy:

[7kiwi] 19/12/2023 17:44

Mid now at $88.50/lb. But, as I understand it, ETFs still selling to raise cash to pay divi to cover some sort of US tax liability.

[fidra] 15/12/2023 10:46

Thank you for that,v very helpful.

[7kiwi] 15/12/2023 10:43

I make it 11%. Probably a bit less now as the price is now over the 613 that Excel grabbed.



Closing in on a $2bn NAV.

[fidra] 15/12/2023 09:44

What is the present discount to NAV ?
Someone in the past had a good calculation page but it was never put in the header.
Was it 7Kiwi?
Thanks for posting the updates as well very helpful

[7kiwi] 14/12/2023 21:36

Spot mid price up to $86.50/lb.

[thomstar] 13/12/2023 12:15

Was always going to happen, excited for where next, with big players souring U

[7kiwi] 13/12/2023 08:25

Breakout above 600p. At last.

[7kiwi] 12/12/2023 20:08

Uranium on the move again. Spot now 84-87, with a mid price of $85.50/lb.

[7kiwi] 12/12/2023 16:08

Numerco showing a very wide spread at 83-86, but mid up to 84.50/lb. At this rate, we're going to break 700p NAV before the share price breaches 600p.

[bountyhunter] 12/12/2023 12:06

Added a few while down here.

[mrnumpty] 12/12/2023 07:54

In today’s Daily Telegraph ( Tuesday 12/12/2023 ) , on page 25 , there is a fairly large tip about Yellow Cake . The article features in the Questor share tipping column and it concludes with “ Yellow Cake looks to be in a very sweet spot “ . The article states “ the price [ of uranium ] has motored to $ 81.50 per pound , buoyed by Cop28’s statement of intent to treble nuclear power capacity by 2050 as policymakers scramble for solutions which provide both energy security and help in the drive to net zero ….. Quite how this is to be achieved when no one is currently plannning on big increases in uranium capacity remains to be seen “ . The article also points out the loss of production from Niger . No doubt people here already know this , but the Questor column is widening awareness of our Company to potential investors .

[7kiwi] 11/12/2023 23:14

US House has passed the bill calling for a ban on Russian uranium imports to the US. I guess it's got to go through the senate too.

[csalvage] 11/12/2023 04:33

https://www.ft.com/content/e2380ad4-4381-4d2f-b698-1652dabe0c4c

[thomstar] 08/12/2023 14:11

Pushing for a 600 plush close