Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Certainly out of my league too.
@Tallchad64 Good luck with the research, but careful you don't spend too long on it if this prediction is correct!
https://twitter.com/Will76949401/status/1390957792584822785
Wow, thanks, a bit out of my league. I am continuing to research and will keep you informed of progress
Got the info you were interested in. It looks like there are 2 physical uranium brokers where you can open accounts to trade in minimum 100,000 lb lots (about $3M per trade minimum today). They are Numerco in the UK and 'Uranium Markets' in the US. They posted on Reddit with info on setting up a Physical Uranium trading account.
link: https://www.reddit.com/r/UraniumSqueeze/comments/laeq2x/physical_uranium_u3o8/
Thanks MTM, I'd be v interested in that
I remember someone posting a link on twitter months ago about a service that was being offered, I will try to find it and post it if I find it.
MoreThanMe, exactly, you are on the same page as me. I'm looking......
Indeed. The spot market (which isn't opaque, its the long-term contract price which is opaque) hasn't yet risen as much as I expect it to over the next 18m - 2 years. Am seeking pure exposure to the spot market
I know there are services that allow you to directly trade physical, without delivery of course! But if I remember, the minimum investment was quite substantial. If I find any of the services, I will post you a link. If you are able to directly trade the physical it would be a huge opportunity to avoid the premium to nav of UPC / YCA. It would also allow you to front run the Sprott Physical Uranium Trust NYSE listing, which realistically is going to drive the uranium price up to at least $40+.
If you can find a way to do it and meet the minimum capital requirements, there is a highly attractive risk to reward there.
Sorry, you've reached the end of my expertise now (didn't take long!). My understanding is that it's this opacity of the U market that is why there's so much excitement about the new Sprott/UPC vehicle, which will provide the de facto price and become a U ETF in effect.
Anyway, I'm interested in your plan. Are you wanting to bet that the future price of U is being underestimated?
I use IG index, but it doesn't cover uranium commodity other than through equities. Likewise plus500, CMC, spreadex, xtb, etoro....
That's the one SGD27. NYMEX have contracts out to April 2026. As a retail investor, can exposure to these contracts be achieved through any UK trading platform you know of?
Unfortunately the price of uranium can be a little difficult to get your head around, as it is very illiquid, has different prices depending on location for delivery and also a good percentage of the uranium transactions are done through term contracting which is usually behind doors. Also some of the companies that have data on spot pricing for uranium charge for their service. The most reliable source of pricing I use is the Cameco website, or gleaning information from twitter users that repost their paid service uranium pricing information.
link: https://www.cameco.com/invest/markets/uranium-price
I just look at this, but it's a day behind.
https://futures.tradingcharts.com/chart/UX
Thanks very much. That's really helpful. I'm looking for a way to buy the uranium spot price at the most competitive price (without a premium). As far as I can see YCA and Uranium participation corp (UPC) are both proxies and both carry premiums which I anticipate may disappear over time due to the UPC conversion to the Sprott trust which is expected to price much closer to the NAV. For the life of me I cant find a way to access Uranium spot futures from any platform I know of. Has anyone looked into this?
Not day-to-day as far as I'm aware (happy to be corrected).
But they do updated presentations every month, here :
https://www.yellowcakeplc.com/investor-relations/presentations/
Have a look at p5 of the April edition.
On page 5 of their recent presentation, you can see their estimated NAV and how it is calculated. I am sure you could put in the present values of the gbp/usd exchange rate, price of physical uranium and calculate a fairly accurate NAV from that. It would be nice if they more frequently published the NAV value like Geiger Counter though.
link: https://www.yellowcakeplc.com/wp-content/uploads/2021/04/Yellow_Cake_Investor_Presentation_April_2021.pdf
Is there any way of determining the premium (assuming it is not a discount) of the company to its net asset value? Is it published anywhere?