Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
360k volume trade went through at 6.05 at about 11.30am.
Anyone want to own up !
Could be rebalance related imho
Due end of Jan.
Trust has like limit of 10% physical and royalty holdings. This morning they had
SPUT @ 11.74%, YCA @ 3.4% and URC @ 0.5%
So some selling upcoming.
They have c11mil YCA shares....
Opportunity or threat?
Volatility here is wild. Yesterday could buy @ 585
I would add that they need to show a net increase in cash balances delivered by receipts from manica profit share and a reduction in corporate overheads which need to be c50% lower to be representative of current mcap.
256k lbs bought by SPUT. Looks about $81.40 paid.
YCA currently sitting at 12.5% discount to NAV and sitting on $33M - again seems like that dry powder should be deployed e.g. share buybacs.
Bit of bouncing around today now at 8050/8250
This was interesting new appearance
Apr-24 IND 82.50 84.00
Sput bought 100k lbs
Looking mighty tight
Signs of life
Spot Uranium: 8050/8125 numerco
So Empress have just released their financials and management discussion for Q3 which as usual contains Manica segement results.
https://empressroyalty.com/investor/financials/
In Q3 Empress earnt $430,477 from their 3.375% royalty. Q2 it was broadly same at $441,081
So gross gold value was $12.754 million applying the royalty.
Q3 gold spot average was about $1950 so I'll use that as the realised sale value per oz.
So that means Q3 production was 6541 oz broadly similar to Q2 as reported by XTR of 6450 oz see RNS from 23 Oct.
Clearly this estimate of production is influened by assumed gold price per oz.
I had hoped to see a higher production level in Q3 as the same RNS from XTR states July monthly production at 82.9kg (2665 Troy oz)
"Money" Pink Floyd
Money
Get away
You get a good job with more pay and you're okay
Money
It's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star, daydream
Think I'll buy me a football team
Money
Get back
I'm alright, Jack, keep your hands off of my stack
Money
It's a hit
Don't give me that do goody good bullsh*t
Bit of a retrace on numerco
8000/8150
Spot Uranium: 8000/8200 numerco
Numerco still to catch up.
Uranium markets at 80/82
Good to see the buyers are chasing the sellers
Post from Quakes is interesting imho
https://twitter.com/quakes99/status/1725923061973799397?t=26dBQQNjc1Z7xf9l4kRzlQ&s=19
7650/7850
Sput raised $31m and sitting on $63m fire power.
C'mon yca close that NAV gap...
Seems SPUT ATM active and with good volume as well
Or utilities should!
Https://www.instagram.com/p/Czoc_TrOIWO/?igshid=MWd0ZG4zcXpoZ3RrMA==
Might be good for Colin and OSV to get up in the basket and look for future value opportunities