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Unfortunately not so good now
Numerco 10400/10800
A few interesting charts in the uranium sector -
www.metallic.media/uranium
Numerco 10500/10900
Incredible velocity
10500/10800
10400/11000
https://numerco.com/NSet
Thanks to yupawiese2010 on advfn for spotting this.
https://www.youtube.com/watch?v=BnSNSS5zktY
10400/10600
Now the spot moves!!!
SPUT up 5% at open
This sodesnt sound significantly different than the news on 12/1 that started this run? Woudl you read it as more negative as no real reaction.
Let's see how the respective discounts to NAV fare today for YCA, and also Sput.
Dream scenario is if Sput becomes active in the spot market: it currently has $29.9m in cash available to buy lbs
"The Company will use all reasonable efforts to ensure it complies with its production volume obligations under the Subsoil Use Agreements. Concurrently, entities engaged in mining operations at newly established deposits face the potential challenge of descending beneath the threshold of minus 20% (in relation to the stipulations of the Subsoil Use Agreements)."
Kazatomprom revises guidance for 2024 production down to 21,000 - 22,500 tU (100% basis).
"The Company anticipates that the production volume for the majority of its uranium mining operations will be approximately 20% below the levels stipulated in the Subsoil Use Agreements. Nonetheless, the Company projects a modest annual growth in production for the year 2024"
"If the limited access to sulphuric acid continues throughout the current year and the Company does not succeed in reducing the delay in the construction schedule at the newly developed deposits in 2024, this could unfavourably influence Kazatomprom's production plans for 2025."
Worth reading through the whole RNS.
link: https://www.londonstockexchange.com/news-article/KAP/kazatomprom-4q23-operations-and-trading-update/16313069
10000/10150
Numerco 10000/10200
'People' paying tax bills will make no difference to the spot price.
People have tax bills to pay as well by Jan end…
Quakes take on acid shortage..
https://twitter.com/quakes99/status/1751779902393823399?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
One thing we can definitely all agree on I think is that the February 1st $KAP Financial results and 2024/2025 production guidance are likely to set off fireworks.
The drop might also be a well-known month-end thing, where the spot price gets orchestrated down by people whose contracts have some sort of dependency on the month-end price.
https://twitter.com/quakes99/status/1751037777318469885
Numerco 9900/10100, but SPUT obviously don't think this pullback is going to be too severe.
Maybe its a geographic issue of sulphic acid is Kazakhstan? Are there differnet qualities for mining vs agriculture?
Yesterday SPUT paid $101 for 100,000