Hoping we have now firmly set the lows.... |
Presumably crossed 3%, rather than just purchased 3%. |
3% holding announced |
I think we've had our real answer now to yesterday's post 2345! Leaky update.... |
Yellow Cake's estimated net asset value on 27 January 2025 was £5.46 per share or US$1,479.6 million, based on a spot price of US$67.30/lb and cash and other current assets and liabilities.
Andre Liebenberg, CEO of Yellow Cake, said:
"We remain confident in the long outlook for the uranium price. We see current market volatility as presenting compelling new entry points for investors. We expect to see uranium term contracting increase in 2025, especially among nuclear utilities in the US and Asia/Pacific region, while producers look to meet increased demand by developing higher cost greenfield projects. At the same time, we believe this year will highlight the fragility of the supply side in the face of this growing demand. These factors are expected to place upward pressure on the uranium price." |
Cameco resumes uranium production at Inkai JV in Kazakhstan |
usual end of month ETF rebalancing and smack down by vested Uranium traders |
Nerves about maga - sorry - mega tech stocks in US. Results due imminently. |
Uranium will still be enormously in demand, whether it’s from Chinese or US data centres. Logically, if Chinese AI companies are efficient then Chinese growth will be much faster than expected, without necessarily impacting on RoW. There’s no way the West will be dependent on Chinese data centres. But it’s not going to happen overnight, in the meantime there’ll be a lot of the usual volatility in uranium prices. I’ve been a holder in the past and am looking for a re-entry price. Not sure where the bottom is though! |
I think all US futures being much lower is the reason, cant see anything else |
Chinese AI possibly better than US AI, hence, fuel won't be used by USA AI companies to fund more reactors...?
Or Trump? |
Is there any news out there that's causing this? |
Uranium results can be found on page 10 within: "BHP Operational Review for the half year ended 31 December 2024 - Release"
production from Olympic Dam down 23% |
Uranium prices hit record as thirsty AI data centres add to market squeeze.
The price of fuel for nuclear reactors has surged to a record high as demand from artificial intelligence data centres exacerbates a squeeze on the market following Russia’s invasion of Ukraine.
Prices for enriched uranium have hit $190 per separative work unit — the standard measure of the effort required to separate isotopes of uranium — compared with $56 three years ago, according to data provider UxC. |
Good start to the new year, but I might have expected a bigger spot price response to the main news of the day. Kazatomprom has had to close Inkai temporarily because of some paperwork issue. We don't know how long it will be closed, but there will also be an impact on Cameco that owns 40% of JV Inkai. |
Nice bounce today. |
Approx 18% discount assuming $75. This is usually a floor. |
https://www.yellowcakeplc.comThis shows spot and implied price |
What is the discount to NAV here? |
Because the Uranium price is stuck. It's a direct play 1:1 play unlike miners. |
I bought YCA and CCJ at the same time. Why is YCA price stuck? |
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