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If that’s true, then all bets are off……
https://news.obozrevatel.com/abroad/tokaev-sdal-kazahstan-rossii-kak-otreagiruyut-kazahskie-klanyi/amp.htm
The article claims:
"At the moment, the CSTO “peacekeepers” in Kazakhstan control:
98th Airborne Division of the Russian Federation:
Nur-Sultan airport
General Staff building
Telecentre
45th Brigade of the RF Airborne Forces:
Almaty airport
Air Defense Headquarters
Nur-Sultan
31 brigade of the RF Airborne Forces:
Ust-Kamenogorsk
Kazatomprom
TsSN Senezh
Presidential Palace Nur-Sultan"
Buy when others are fearful springs to mind , just cant remember who told me it, think it may have been that chap buying Alibaba shares
Just put a moderate sized buy order in , A J Bell could not fill it, phoned them and still could not fill it .
KAP almost exclusively sells uranium on long term contracts. And KAP was seen as well placed to provide stability of production that buyers needed to facilitate this. But how many new buyers will be willing to select Kazatomprom for a long term contract now??
I’ve just sold my entire holdings in KAP. Was more than 10% of my portfolio because I did have v high conviction. But I now think this is going to get way worse before it gets better. Kazakhstan electricity is down, internet is down, workers can’t go to work, the government has stepped down after god know how many years in uncontested power. Jeez, when the Russian troops come in to calm things down, you know this won’t end well!!
Surely this is a buying opportunity today, Kazakhstan may see temporary political upheaval but KAP will continue to produce and sell uranium.
The political uncertainty will cause the uranium price to rise as buyers will seek to secure supply. (42% of global production!)
KAP is a very strong business with the strongest economy behind his back (China), the largest deposit of high quality uranium ore in the world and now moving into uranium pellets production and using uranium as an investment commodity. And it is still priced competitively in comparison to BHP or RIO. It's bound to bloom sooner or later. Very good investment imo, but do your own research
and off we go
must be getting close to cheap entry here....
even dividend yield is looking reasonably attractive
Here’s the link…
https://youtu.be/wrevWi3rxPk
Interesting interview with Rick Rule. Always known for his bullish views on Uranium, but here in this 50 minute interview he picks out just one mining stock; Kazatomprom.
Also worth noting that, around a year ago, he once singled out KAP as his absolute top investment pick.
II does it through phone
With limited production and China tapping big time into this source, there will be a fraction left for others to pick up. And once production of pellets is up and running, whatever is mined and not shipped to China will be diverted to this production. Good for KAP and China, bad for the rest of the world. The price of uranium is bound to soar, especially if more CO2 and other "green" restrictions are introduced in a near future
Just come across this share and interested but seems Halifax does not deal in it. Suggestions please.
KAP is moving from strength to strength after recognising that having the biggest source of uranium or being the biggest producer (in terms of volume) in the world is not what this game is about. It's finally capitalising on the goods they have in a very long term. Bravo! Great BOD, great thinking!
Solid rise today, world’s top uranium miner trending higher.
Good point , have you seen the number of new power plants that are being built all will need fuel , supply will get tighter and current price does not encourage exploration .
And I am still waiting for KAP news on the status of production of uranium pellets for the power plants. Moving from a raw product such as ore to a ready to use product such as pellets will have a massive impact on the KAP revenue - same input but more valuable output. With everyone pushing towards greener energy, this won't be overlooked. Poland is already planning to build its first plants. For me, that the true highlight of keeping these shares - moving from a biggest miner to potentially the biggest miner and producer.
Over exposed to uranium , dont sound good .
Buying the dips , this could have a atomic rise,
GLA
I was very tempted with buying more Kap during the recent lows, 23 was bargain territory but I am already overexposed to uranium as it is. I am sure plenty of other took advantage though.
KAP was hugely oversold in recent weeks with heavy selling by the GlobalX Uranium ETF (forced weighting rebalancing). This looks to be on the rebound now and catching up to the positive developments in uranium such as the Sprott Physical Uranium Trust mopping up volumes of U308 from spot market, rising demand for spot purchases from various sources including Cameco and KAP. All this means utilities will have to enter contracting sooner rather than later or risk potential supply problems and then this will really come alive. In the meantime ongoing purchases by SPUT will keep the pressure on.
Up 10% for a major producer is impressive to see. Kazatomprom is looking good going forward. What are peoples targets/timeline outlooks for Kazatomprom?
From today's YCA RNS :-)
"Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, is pleased to announce that pursuant to Kazatomprom's offer of 12 June 2021 (previously announced), the Company has signed the agreement with Kazatomprom to purchase a further 2.0 million lb of U3O8 at a price of US$32.23/lb for a total consideration of US$64.5 million. It is expected that delivery will take place between October and December 2021.
Once this transaction has completed, the Company's total holdings will increase to 15.86 million lb of U3O8."
This is another awesome RNS, I expect the results to be good, but these are way beyond my expectations. Cooperation with YCA and China with reduction of production is paying off. I wonder when we will see RNS about pellets for nuclear power. Miner and producer of one's most precious ores.