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The discount to nav should begin to close further, especially when sput sees further flows at the open today, reducing the discount to nav from the current 5% to a premium.
Interested picking up ?
Thanks for the KAP link YCA_700p .... if that represents your target its damn close
Thanks YCA_700p_2023. I think this is also notable:
"Uranium reserves remaining in the ground as a result of deviation from production schedules will be available for production as a source of revenue in the future, creating long-term value for our shareholders."
Given the way prices are going, perhaps theyr'e not in too much of a hurry to fix problems!
My wife and I are £17k up today at the moment.
If that isn't exciting, I don't know what is!
Kazatomprom expects adjustments to its 2024 Production Plans
National Atomic Company "Kazatomprom" JSC ("Kazatomprom", "KAP" or "the Company") expects its 2024 production to be adjusted due to the challenges related to the availability of sulphuric acid, a critical operating material, as well as delays in completing construction works at the newly developed deposits, however remains committed to its 2024 delivery obligations.
RNS link: https://www.londonstockexchange.com/news-article/KAP/kap-expects-adjustments-to-its-2024-production/16286256
i wouldnt get too excited. yca is disconnected from spot and expect diso**** to widen out to 20% as we go up. 5% move spot = 2% move in yca. in some ways a slow grind is good, but does show everyone is already long
Just got back from dinner and couldn't believe my eyes !
Strap in my lovely fellow Uranium investors, our time has come!
Hard to believe but Numerco is now saying 9800/10200 !
https://numerco.com/NSet
Numerco 9550/9700
Snooz not really sure but seems like they may have a lot of "poor" contracts and they say "As the market improves, we expect to continue to layer in volumes capturing greater upside using market-related pricing mechanisms."
9450/9550 Numerco
Anyone here understand the table "Expected realized uranium price sensitivity under various spot price assumptions at September 30, 2023" at https://www.cameco.com/invest/markets/uranium-price-sensitivity
Does it mean e.g. under the contracts that are currently in place (as of 30th Sept), if U3O8 spot was $100 in 2025, they are obliged to supply it at an average of $64 ?
Price action is really rubbish. all the uranum assets feel like they are being dragged screaming high and struggle to hold on to their gains. feels liek a market where everyone is already long, but generally strong conviction so they aren't selling, but limited new buyers.
Early doors movement - not that usual - interesting.
94/9475 @Numerco
94.25/96 @Uranium Markets
Shoudl be interesting in the mdia if we get bove $100 on spot. I've started buy some of the miner ETF and URC as feels like the spot is way ahead of the industry price wise. At some point the trade may be to sell the spot and buy the miners if theyt continue to lag. While spot just inches up each day it shows no sign of overextending. If it suddenly spike 20% that's a warning.
93.75/95 @Uranium Markets
93.5/94.75 @Numerco
**** Unusual imho to see Indic (94.20) beyong the ask at 94.00 - move incoming ?
Jan-24 CVD 92.75 94.20 0.75 94.00 CMO
Feb-24 CVD 93.00 94.39 0.75 94.00 CMO
Mar-24 CVD 93.00 94.62 0.76 94.00 CMO
Apr-24 92.75 94.91 0.76 94.70 IND
Lovely action across the entire space.
Re YCA discount: either Mr Market has now decided it's time for the discount to narrow (similar happening with SPUT) or there's another rise in spot about to happen and the physical funds (and most of the miners) are front running it.
Now showing here at 10.6% discount, Sput at 6%.
https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867
GCL still trading at a decent discount: it had been as high as 20% though this has narrowed (and of course the annual rights issue needs to be factored in) but there's still value available.
See we are still sat at a 15% discount to NAV
at the current 93.38 mid price per lb it values YCA at 747 a share.
A lot of coverage of this in the news today: https://www.ft.com/content/06f524ac-2515-432c-97a1-e71aa25189e6 / https://archive.ph/wiPzy
This time last year Germany was extending the life of their last few nuclear power plants by ~4 months. A year later these UK-based (EDF owned) ones are being extended by two years. And talk of a decision coming to extend Sizewell B's lifespan by 20 years. An upward trend if ever there was one.
93/95 @Uranium Markets
93/94.5 @Evolution Markets