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To deliver attractive returns to shareholders principally in the form of capital growth, through investment in companies involved in the exploration, development and production of uranium to supply the nuclear power industry.
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Not long until GCS comes into play.....
So does anyone have any idea whats going on with this share? It seems to be slowly getting lower and lower. Not the direction I've been banking on.
My key takeaway from yesterday’s conference call was this quote. This is a market where we look at the growing uncovered requirements of utilities; we look at the trade challenges and the potential distortions that are coming from different origins. We like what we're seeing there with that demand profile. We know some of it's coming our way, and we prefer to price our pounds in a market that's more attractive. The whole call was built around a growing expectation that the market will quickly flip from a buyers market to a sellers market. The only risk is your investment timeline. The April recommendation outcome for Section 232 is the immediate trigger for the US focused holdings and possibly the wider wold as utilities come back to source their known requirements post clarification. All gearing up for an eventful first half to the year.
Uranium focus down the page http://jonathan-davis-media.s3.amazonaws.com/documents%2FJanuary_2019.pdf
I don’t know how much people observe the charts but most of the sector is now well over bought so I’d imagine some stability is needed in the short term before we move higher. I’ve said it before but the real strong moves should come in March. These things aren’t even trading at their 12 months high yet look at the fundamentals of Uranium. Kazatomprom maintaining supply discipline, Cameco closed its mines till sustainable contracting is available at $50 prices. Section 232 with possible $50-$80 contracts in the US. More reactors coming online, reactors lives being extended and large old mines coming offline in 2028. This is playing out perfectly so far.
I’ve been running a spreadsheet on the ins and outs of the US uranium etf URA. This etf matches a pre determined index of uranium and nuclear companies. The etf has been through a terrible time transitioning from a pure mining etf to nuclear focused. This resulted in some miners being dumped from the index and most others having their weighting’s adjusted. This rebalancing has largely finished with respects to GCL’s interest with the exception of Fission (selling down) whilst Ur-Energy and Yellow Cake are being bought. As you can tell from the last few days of trading the likes of Nexgen and Denison are free to trade without downward pressure of URA. Watch GCL NAV move a lot high as these overly sold stocks return to their mean and boost our performance in the short term.
NYSE/TSX uranium shares on another tear up today, with most up between 4 - 8 % there seems to be a little disconnect occurring here.
As we speak those URE warrants are in the money, currently priced at zero in the NAV. Everything above $1 is on top. (Not sure of the amount)
To think that within 20 weeks Donald Trump will have likely legislated that US utilities will have to purchase Uranium in country. The CEO of UR-Energy public stated that to ramp up production they will need $60 contracts. Think about that, that’s 100% up from the spot price today. If you don’t see U equities going higher within that time you don’t understand the market. This is the bottom give or take 10%.
Apologies this is the 6th March not February. Still, stick it in your diaries.
I’d be looking for a bullish statement here from Kazatomprom, all being well this could be a market mover tomorrow. Conference Call (2018 Operating and Financial Review - 6 March, 2019) Kazatomprom has scheduled a conference call to discuss the 2018 operating and financial results on Wednesday, 6 March, 2019 at 14:00 (AST) / 08:00 (GMT). The discussion will be followed by a question and answer session with investors. The call will be hosted in both Russian and English, with immediate translation between the two languages as the call progresses.
Start the day with two more buys one in my ISA one in my SIPP. NAV should be equal here and the sector feels very bullish going into the next few months.
Nice day for some of our bigger holdings NXE +5.68% EFR +6.64% CCO +5.88% GLO +7.58% and a few around the 1-2% URA looks to have broken out which is very bullish for the whole sector. Things will only build leading into 232.
Cameco breaks 12.5 here it’s very bullish for the sector. As much as I hate URA it holds a lot of GCL’s core positions and that looks on the verge of breaking out. The more money that flows into URA means they have to purchase the underlying index. CAMECO CORP NEXGEN ENERGY LTD URANIUM PARTICIPATION COR CGN MINING CO LTD DENISON MINES CORP ENERGY FUELS INC URANIUM ENERGY CORP FISSION URANIUM CORP UR-ENERGY INC BERKELEY ENERGIA LTD YELLOW CAKE PLC/LONDON UEX CORP PALADIN ENERGY LTD PENINSULA ENERGY LTD
Directors holding are as of September 2018 - R Lockwood 3584000 = £680k G Clark 189900 = £36k and J Leahy 100000 = £19k.
Why don't you contact them and ask them to disclose,
If they do not own then maybe they can explain as to why?
I think Q2/3 will be when the real action kicks off with regards to long term contracting post section 232 decision as the utilities will require clarity on future supply requirements. The consensus is contracts start to roll off in 2020 so the real price of physical uranium will be reflected when these are renegotiated. Buy at the lows as you won’t be able to buy any size when the news arrives.
I've taken more too. Could be a rush to uranium stocks through 2019, so positioning early will be key.
Uranium spot putting in higher lows yet the equities have been trading at yearly lows. I’ve been loading here the last few weeks for the inevitable turnaround. Sign of life in the market the last few days. I think the bottoms in. Here’s to a very prosperous few years in the incoming bull market.
Thanks for that link, Icwanderer. Given their upbeat outlook on the uranium market - and there was a good rise among the USA/Canadian juniors yesterday - I find it surprising and disappointing that neither of these managers or any other director holds shares in their company - at least not as far as I can see.
Here's an interview with the GCL managers.
https://palisaderadio.com/rob-crayfourd-keith-watson-uranium-series-part-9-kazatomprom-is-a-game-changer-for-the-uranium-market/
Limited downside and high potential upside (with a little patience)
Hope so I'm in long on this but its been going nowhere so far!
NAV on the rise and shares issued at a premium yesterday and today. Could uranium finally be on the march.
bought