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Dogberry, I am not understanding why when uranium was 80 half a year ago, now 106, why urnp has fallen.
Anyone care to give a quick resume of differences between urnp urnj and possible performance differences.
very surprised urnp has dropped almost 2000 to 1800
Still looking for multiples of this price.
It's now up and running, but not seeing any trades on google finance yet
https://www.google.com/finance/quote/URNJ:LON
New discussion board here:
https://www.lse.co.uk/ShareChat.html?ShareTicker=URNJ
More about this:
https://www.proactiveinvestors.co.uk/companies/news/1041318/hanetf-founder-and-co-ceo-talks-about-new-junior-uranium-miners-etf-future-of-defence-and-bitcoin-1041318.html
"... will list this Friday ... probably the most asked-for ETF I've ever had ..."
Https://www.youtube.com/watch?v=yxNhu4-j0D0
IG interviewing Tom Bailey of HanETF.
NB he says they'll be introducing a URNJ equivalent ETF at the end of February.
Near term target - £11.75 and perhaps £22-24 by the end of the year.
The uranium equities are well placed to make outstanding gains against Sprott's Physical Uranium Trust. That'salso true of URNM (URNP), URA, URJ and GCL.
Numerco are quoting $100 uranium! The dam is busting open. URNP is a MUST OWN!
I like the BRAVE browser.
I posted the following on ADVFN on 2nd of January this year. Today represents a breakout from the ascending triangle for URNP.
"If URNP is in an ascending triangle, then the near to medium term target is £9.50, once URNP goes through 8.50 on volume. Though, I think beforehand we may go go sideways until the end of January."
Soz top not 840.. its 850... big deal..
t hought uranium was going to the moon, and its price IS !... Im not remotely interested in gently rising urnp, looking for TAKEOFF.
a couple week ago went into p..xxxxxx 47pc 5ps 10pc up, and today another 15% so far.
If urnp takes mucj longer ill go back to nickel copper etf..!
Why on certain shares, ie urnp aau are boards here deserted yet on adfn lively.
Adds are a problem for me on adfn, here all blocked by using brave brower
(youtube is forcing people to drop addblockers and pay ££££s for add free subscription)
Still absolutely confused, many many many youtube vids saying uranium prices racing ahead, yet this between 780 840 up and down for last 6 months.
I came out of nickle 6 mths ago into urrnp, nickle trending down all this time, but it seems to have bottomed.
Https://www.youtubeDOTcom/watch?v=yFeIZ9q1utU&t=309s
replace dot with fullstop
and yet as you say dog.. whilst everything even Nickle going up we wait.
ETFs and not EFTs!
I've been away from here from some time and I've just noticed your message.
I think you have a spread of really good companies and the dividends are worth having, especially from RIO. As far as what may happen next year. I don't know. I'm working on ideas by Simon Hunt ( See recent interviews on Youtube) that there could be a sell off across several sector in the first quarter of next year and then a strong rise between 12 fand 18 months across everything .But inflation will take off to around 10%. I'd imagagine that this scenario would be good for mining companies like RIO and commodities in most sectors. That's IF any of this comes to pass. But several interesting people think things get much harder after late 2025 as a recession - depression sets in for several years.
As far as URNP goes all of the EFTs are at their lowest point on ratio charts against the metals and the Sprott Physical Uranium Trust that holds the metal. URA, URNM, GCL and the junior mining ETF iln the states are at the lows with the metal - so the next leg up could well be spectacular when it gets going. One thing is certain - the uranium miners are nowhere where they could be given the rising Uranium price, so all that is yet to baked in! I'm holding and selling nothing in my ETFs and just waiting it out. The near producers and juniors have done nothing yet - so that's yet to come.
It's like that scene out of Gladiator where the General or whoever says, "HOLD" before the arrows are let loose!
One of you experts, please can u explain the correlation between uranium price and urnp please.
Its an ETF right ? So it holds a basket of explorers producers ????
So urnp is a GEARED play on uranium price??????
Dog i keep re reading your last reply, in ur opinion is rio tinto a stable long term hold, or not, were u saying one proffessional has a capitulation vew its going right down, and another says cause of diversity and size it will be stable in a downturn.. opinion only.
I am not moving now, i jumped from nickel etf moths ago to urnp
Hold ggp greatand gold for gold
Hold rio tinto for stable div mix of metals
Hold blackrock world mining for stable divi diverse metals
Very surprised tough that gold and ggp is going up, but urnp not.
i would very much like to have a handle on how much urnp is l(likely ) to rise compared with price of uranium.. ie if uranium hits 100 whats a possible price for urnp. (Dont shoot me down please, just want some sort of idea)
After moving everyting around in the sip this year I have found out you can be so diversified that the pot value doest move !!!!!! ie blue chip vod crashes glaxo dwindles, rolls royce rockets ggp rockets. So Im looking for something like urnp to make a difference.
(I am in urnp as my view is uranium will go to 100 near term then fireworks... (unless the ukraine reactor has an "accident" or whatever then all bets are off.)
Wtf
Gold companies doing SUPERWELL much better than uranium. Gold 2030 today.
how long do we wait for urnp to rocket.
Spot is around 80 to 81 Dollars but this only equates to $56 .50 in the 2008 value of the Dollar. This means that when we see $115.75 on Uranium this would be the equivalent of $80-1 in 2008 money. Something to think about when we look at uranium charts from the 2000s.
The price of copper depends on whether there is recession or even a depression next year. I'm not sure. I'd incline towards a four year low in the main markets by mid to the third quarter next year and it could be brutal. I'm thinking that things sail ahead until January or February. Elephant Capital on Twitter has an interesting take on RIO going towards 2026 in which he sees it going to well less than half in a capitulation sell off, say in the low A$60s. (https://twitter.com/ElephantCapita2/status/1726122906412056834/photo/1 Meanwhile plays like BHP and RIO do offer good dividends and are safe because they are mining whales digging out a wide range of metals.
But for what happens next year, it could be down to macro worldwide macro events. The shortage in uranium supply is real and set to grow. That doesn't mean uranium stocks couldn't see a short term washout with the main markets. All is in the lap of the Gods, so I cannot say as I do not know.
Good luck with your choices but it isn't a time to take chances on minnows.
Dog, your absolutely right, mostly the small companies "with a good story" eventually fail while providing fab salaries for ceo and crew, who dont have much of their own money invested, (closed periods and all that!) So now I have a small amount in ggp gold aau arianna siver oxford bio pse test , for risky blue sky/bust...
Moved from nickle etf to this uranium etf, and blue chip divi players. Strange Nickle dropped consistently. The aim is to be mostly in rising divi blue chips and suffer the tax. At present uranium is rising and blue chip vod and glaxo are awful. From what I read uranium is sposed to be in critically short supply and the situation will get worse for the foreseeable so lets watch urnp fly.
Its very strange when peeps write exactly what you are thinking, and that reassures you !!!!!! I think its called conformatiuon bias!
Any suggestions to look at research for copper rising divi plays..... rio? i am in blackrock world mining I spose that may be the best buy and forget.. it hasnt done well tho and has holding cost.
That's good. Forgive me if you know much of what I wrote already but it might still come in handy for newish entrants into the sector. Yes, copper. I see Robert Friedland is bullish at present. If there is no downturn copper will take off. I'd stick with the big guns rather than smaller companies myself. No need taking unnecessary risks. Learned that lesson many times over LOL!
Thank u dog, I knew it was etf but couldn't understand how it moved in relation to ur price which in my opinion has to rise.
I am alleady in at 780 3 mths ago, about five percent of sip. I am happy there is some exposure to ycake. Thanks for your polite informative answer.
Now to find a good reliable divi play for copper. decide if ditch aau for more here, and wait for ggp to fly.
More directly, URNP's share price is tied to its holdings the Uranium sector. It is known in the US as URNM. The share price in the UK is a fraction of the US share price. ( I do not know why.)
The uranium stocks have not been outperforming the uranium Spot price since November 2021. If this changes then we can look forward to a good run up here.
Yellowcake are a well run company with experienced people heading . This is one of the safest options to play the Uranium bull market as they own "yellow cake" which is the yellow cake concentrate before it is fabricated and enriched to be used in Nuclear power plants, ect. They have a contract with Kazatomprom to supply them with a goodly amount of Yellow cake every year at a price discounted to the Spot Uranium Price. A good option.
I own some Yellow Cake indirectly through GCL and URNP as these investment vehicles are managed with a spread of holdings across the uranium sector. Have a look at the website as this explains what they do.
URNP is the London based version of URNP which is an ETF that has a spread of uranium companies, etc. at various percentages of ownership give the managers' preferences for setting their spread. It's a relatively safe way to play the sector. (That is, if there isn't a nuclear accident somewhere around the world that could cause a set back for the sector.)
In terms of ratios the charts point to URNM, URA, GCL, etc. as being at the lows compared with the Sprott Physical Trust which holds the metal itself. If there is to be a big move up this ratio will need to be reversed with URNM and its peers outperforming Uranium. The highs were in late 2021 with lower high in April 2022.
None of this is a recommendation, of course. But personally, I think we are still in the early days of the Uranium Bull Market. And if you do not want to spend time researching individual companies to try to get more torque, you could let the professionals do the work for you with URNP./URNP and relax, knowing the work has been done for you.
I hope this helps. Have a look @Quakess99 on Twitter as a good starting point for doing more research on the Uranium Sector. The Professor is retired and spends his time offering encylopedic advice on X. But do some research first. There is no rush.