Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bizarre now 8850/8950 and SPUT up 2.8% must be getting to close to premium
Spot Uranium: 9000/9075 Numerco
but its keeping ahead of SPUT share price increase and so making it a challenge to get NAV positive and enable ATM
Episode 208 :
https://www.youtube.com/watch?v=WfFIuF9gqas
Numerco 8850/9100
Numerco up a little 8850/9000
Dustin Garrow - new interview with Lucijan Valkovic ("triANGLE INVESTOR") :
https://www.youtube.com/watch?v=u4ohOwaylXQ
Https://finance.yahoo.com/news/uranium-stocks-soar-bullish-goldman-173921891.html
Further step up on numerco 8800/9000
Numerco 88.00/89.50
ATM ...
SPUT arm active it appears
Https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867
shows the NAV at price points all the way up to $180lb
>Snooz it would be helfpul to see the NAV based on the long term price indicators - perhaps another what if scenario ?
Cameco only update the long-term indicator monthly, so it's of limited use by itself. I added an indicator a couple of weeks back of the difference between the Cameco short and long term.
Snooz it would be helfpul to see the NAV based on the long term price indicators - perhaps another what if scenario ?
Numerco 8750/9100
Up a little
Agreed, I have to believe that as the squeeze persists volumes on the spot market will remain low and its signal flakey. The real truth is in the floors ceilings and duration of the term contracts. I am new to this market and trying to get any coherant information about term pricing seems impossible.
Part of me is expecting a slow-and-steady rise or spot from here all the way to $150+/lb.
But part of me is looking at the SPUT discount (https://sprott.com/investment-strategies/physical-commodity-funds/uranium/ currently 2.18%) and thinking if that closes they'll be buying spot again and spot will rip.
All that said, am very disillusioned with how meaningful the spot price is (i.e. seems to be not based on actual trades, or even actual bids/offer e.g. Numerco's "IND" levels) - and might start tracking NAV using Cameco's long-term price instead.
Numerco 8850/9000
Heading up
Numerco 8700/8900
Market has flushed out the hot money from this trade now and we can start to build the foundations of the next rally.
2 steps up 1 step down and repeat.
More Crux :
https://www.youtube.com/watch?v=iIZ-MJW62Jc
Interview with Tribeca Nuclear Energy Opportunities Portfolio Manager, Guy Keller
Term Markets
Utilities may be unwilling to pay triple-digit prices in the spot market but when it comes to securing medium term supply, from sources other than Russia, they are indeed willing.
Ongoing uncertainty over Russian imports only steels their resolve.
TradeTech’s term price indicators remain at US$100/lb (mid-term) and US$75/lb (long).
Https://fnarena.com/index.php/2024/03/19/uranium-week-buyers-strike/
Weekly Reports | Mar 19 2024
The spot uranium price fell sharply last week as sellers became more agitated.
-Uranium spot price falls -US$7/lb
-Kazatomprom warns of lack of inventory
-Still no news on Russian uranium sanctions
The recent price fall is attributed to two main factors, TradeTech notes, and they are both related to the psychological impact of triple digits.
When the spot price crossed the US$100/lb mark, utilities, who are not major spot market participants at the best of times, declined to buy at such prices. Speculative entities, now holding vast amounts of physical material, saw triple digits as a good place to take profits, having spent years amassing their inventories.
But even as prices fell back into the nineties, and speculative volumes were cleared, utilities showed little interest, and sellers, mostly intermediaries, became frustrated and started lowering prices. Five transactions were reported last week at prices between US$90 and US$84/lb.
Numerco 8500/8700
Numerco 8500/8600