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Looking at RIO and BHP competitors charts - KAP has a nice & steady growth. It kept going up nicely despite a sudden drop in the Uranium price. It's been picking up in the past few days though. I wonder how far this share price will go. I also wonder how is the cooperation with China is going on. Anyone has news on that?
2020 financial results released today (see KAP‘s homepage, news for investors) looking really nice, will push share price beyond 24 USD
They are - a very healthy net profit of circa 40% and very nice earnings per share. And all of this despite Covid hampering operation and decline in Uranium prices. I wonder when they will announce dividend and what % will be allocated per share. This should push share price definitely higher than $24
Spot price responding strongly now to numerous new physical buyers emerging. Things can get interesting very quickly.
Definitely Candid. Also price of uranium seems to be picking up as well. We had a steady growth in price since 5th March. Uranium is currently way below its true value - same as it happen to gold and silver. Someone is "stashing" on it before price is unlocked. I would not be surprise if at one point China will start dictating price of uranium and its distribution by keeping hand on the largest deposits in the world (i.e. Kazahstan). At one point all creaziness about zero CO2 emition will force countries to look for alternatives everywhere, including uranium. And that's when the companies still holding to their rich deposits will start gaining in value. I believe we are not far from this scenario. Give it one or two years and things will look completely different. Especially with coal and oil deposits depleting with time.
One more - I've just read an article about Czech scientists who developed a new carbon coating for uranium rods that do not desintegrate or corroding easily. It's been patented already in EU and US. If that's the future technology reducing significantly radiating polution and reducing risk of next Czarnobyl or Fukushima, then there will be more countries interested in adopting this and investing in nuclear power plants. I can see UK and France going that route as soon as they realise the benefits of using it in their existing and planned power plants.
One more - I've just read an article about Czech scientists who developed a new carbon coating for uranium rods that do not desintegrate or corroding easily. It's been patented already in EU and US. If that's the future technology reducing significantly radiating polution and reducing risk of next Czarnobyl or Fukushima, then there will be more countries interested in adopting this and investing in nuclear power plants. I can see UK and France going that route as soon as they realise the benefits of using it in their existing and planned power plants.
Interesting price action today, well up this morning and was over $30 at one point.
Any idea what‘s behind? Uranium stocks generally are in good shape but a 25% jump (though short-lived in that extent) in this heavyweight looks quite extraordinary. Haven’t seen any news on KAP today.
It could be the market starting to realize how cash generative uranium miners could be with the inevitable move up of the uranium price. Lots of action in YCA this week as well.
It was probably an algo driven spike this morning, as volume was not huge but nevertheless KAP is starting to get noticed
Candid, what's algo? Is that London Stock Exchange algorithm for calculating the share price?
Unfortunately I have no visibility of the trades around 11-12, but this could be an attempt to trigger sell at profit rules and release more shares to the market. I can definitely see one large transaction of 30.9k shares at the total value of circa $800k. That's almost a million. If that's the case, then these shares are worth more than $30.6 per share. Nice!
It seems MM attack on a share price started - it's going to be a bumpy ride down and up again. Review your stop losses rules.