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91.75 93.00 Numerco - buyer chasing
"Environment and Energy Security Minister Gilberto Pichetto said Thursday that the government aims to pass the necessary legislation to make Italy's return to nuclear power possible by the end of the current parliamentary term.
Italy closed its nuclear plants in 1990 after the 1987 referendum on atomic energy following the Chernobyl disaster.
However, Premier Giorgia Meloni's administration says this policy should be revised, given that nuclear energy has a low carbon footprint and there is a need to reduce greenhouse gas emissions to meet European and international targets for combating the climate crisis.
The country is also looking to boost its energy security following the war caused by Russia's invasion of Ukraine.
"Yes, we'll give it our all," Pichetto told Radio 24 when asked if the legislative framework for nuclear energy could be changed by the end of parliament.
"This is this mandate of the government and of parliament."
"I am acting via a working group that must take care of the judicial framework. "
Link: https://www.ansa.it/english/news/politics/2024/05/02/law-for-return-to-nuclear-by-end-of-this-parliament-pichetto_13c0ae18-efaa-4876-876a-bcbce0022a78.html
"It's taken 17 years, but uranium's record price of US$146/lb set in 2007 could soon be passed with Citi, a leading investment bank, forecasting $151/lb as its bull case price for the nuclear fuel"
Link: https://www.mining-journal.com/miner-s-right/opinion/4204584/russian-uranium-ban-drive-price-record-usd151-lb
"Data center developers in Northern Virginia are asking utility Dominion Energy Inc. for as much power as several nuclear reactors can generate, in the latest sign of how artificial intelligence is helping drive up electricity demand.
Dominion regularly fields requests from developers whose planned data center campuses need as much as “several gigawatts” of electricity, Chief Executive Officer Bob Blue said Thursday during the company’s first-quarter earnings call. A gigawatt is roughly the output of a nuclear reactor and can power 750,000 homes."
Link: https://www.bloomberg.com/news/articles/2024-05-02/data-centers-now-need-a-reactor-s-worth-of-power-dominion-says
First premum close in a very long time. 200,000 lb bought yesterday $53mio cash
Https://www.londonstockexchange.com/news-article/KAP/kap-s-1q24-operations-and-trading-update/16451187
2024 prodution guidance unchanged
As previously reported, western and northern regions of Kazakhstan faced severe floods. Even though the situation has stabilized in most affected regions, the consequences of the natural disaster are significant. The Company reiterates that the flood situation has not affected its uranium mining, processing and transportation activities to date. All Kazatomprom enterprises continue to operate without any disruptions.
Sulphuric acid production (a previous source of U production delays) - pushed back
Considering the restructuring procedures, as well as delays in the timing of approval of project design documentation, the Company expects the completion of the construction and the start of production at the TQZ LLP to be postponed from 2026 to 2027.
Numenco now 91.00/93.00
91/92 @ Numerco
90/95 @ Uranium Markets
link: https://twitter.com/quakes99/status/1785677536699335021
Numenco 89.50/91.50 up overt 90 for mid price,soon to buy next tranche from Kazatomprom below spot and discount down to 8%. What's not to like
"The U.S. Senate approved on Tuesday legislation to bar imports of Russian uranium, as the United States continues to seek to disrupt Russia's efforts in its war against Ukraine.
The Senate passed the measure by unanimous consent, meaning that no senators objected to it. The House of Representatives passed the bill in December.
The legislation would ban the imports 90 days after enactment. It contains waivers in case there were supply concerns for domestic reactors."
Reuters link: https://www.reuters.com/world/us/us-senate-approves-bill-ban-russian-uranium-imports-2024-05-01/
Bloomberg link: https://www.bloomberg.com/news/articles/2024-04-30/senate-passes-russian-uranium-import-ban-sending-bill-to-biden
ZeroHedge link: https://www.zerohedge.com/markets/senate-passes-ban-russian-uranium-imports-risking-havoc-and-soaring-price-uranium-markets
Nothing new in the RNS (?). All the same data that can be seen in the monthly updates: https://www.yellowcakeplc.com/presentations/
In that absence of the share price reaching NAV, expect the next RNS will be two months from now, regarding delivery of the outstanding 1.53 million lb of U3O8 (at a cost of US$100.0 million) from Kazatomprom. There were a few people expressing concern about that actually being delivered.
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