Member Info for Candid

Cameco announcement today that it is suspending Cigar Lake mine due to Covid outbreak.
They will be purchasing in the spot market to make up contracted requirements.
Big news for U spot market, I’ve added more today.
Good call easyp, I didn’t expect Cigar Lake to shut for a 2nd time this year!

Will BTC break the $20k barrier in the coming days/weeks? When it happens, I think we’re unlikely to ever see BTC below 20k again. An asset with fixed supply and increasing demand means only one thing and that is price appreciation.

It seems the share price is looking past the vaccine euphoria and is getting back to business.
Key drivers moving forward will be phase 3 trial enrolments and ‘covid at home trial’ progress.

While soil sampling is ongoing at Ragged, I expect to hear some news soon about the USA uranium project. The U sector is really hotting up now, Canadian and Australian U shares have been surging ahead in recent days.

For the MRE he did say he expected it in December and I did hear him mention “later this month”.
However it’s Newcrest who will be releasing the MRE not GGP, so although Gervaise might have some indication he probably doesn’t know exactly when this will be released by NMC, it could be in tonight’s news or could be in the days ahead, but it does look on schedule for December.

GH was referring to the Scallywag results when he said “before Christmas or shortly thereafter”, not the MRE

Even the financial media can’t get it right, shoddy and poor reporting by armchairtrader.
I listened to the whole AGM live this morning and Gervaise clearly stated (on two occasions) that Scallywag drilling results will likely be available “before Christmas or shortly thereafter”.
While on the maiden resource estimate (MRE), Gervaise stated that this will be available “later this month”

Odds are now in favour of the long awaited bull market, recent price action in global Uranium shares is indicating a move up. YCA is the safest vehicle for direct exposure.

There is a certain amount of value to unlock given the right conditions and I think Glenover has been overlooked by the market so far.
A lot of money has been invested into this project and a PEA was completed a few years ago before the Rare Earth market crashed. Now that the Rare Earth market is beginning a new bull, this could quickly become a very sought after asset. (Just look at RBW and PEN over the last few months)

Glenover PEA
Base case: 8,000 TPA REO mixed oxide products only (assuming no co-product contributions) representing 3-6% of global production.
• NPV: $512M (8% discount rate)
• IRR: 35%
• Life of Mine: 24 years
• Annual ROM feed: 400,000TPA
• CAPEX: $233M
• Mining Method: Open Cast (first 7 years reclaiming stockpiles - no mining over this period)

Solid monthly update today with a growing mining margin that is set to continue into next year. 2021 looks set to see transformational growth with a 70% increase in mining power coming in Feb 2021 once the new machines are online.
Additional revenue from the 3rd party managed mining operation also coming up in 2021.

GLR now has 4 potentially transformational assets (Star zinc, Botswana copper, Glenover phosphate/rare earth, Ferber gold). This should command a different valuation.
Sandfire and Cupric Canyon are already building a new copper hub in Botswana, GLR’s prospecting licences are literally on their doorstep.

I’ve just had a quick read on how Solar Foods make this protein and actually it is fascinating yet very simple, almost like brewing beer or making wine, the main input is CO2.

positive news on any of GLR’s 4 main assets in Zambia, South Africa, Botswana or USA can easily rerate the share-price higher

$20k BTC might be a difficult wall to break, some longterm sellers are still in this region, but once they are cleared this will soar. Traders are in control for now.

Getting interesting, BTC climbing over $19,800 now, $20k will be a big number to break, market likes big round numbers

quick peek at BTC and it’s pushing past $19750, I think it’s due to smash the $20k

stateside peers were all up around 30% tonight, RIOT, HUT, HIVE

Today’s news is a solid confirmation of Greatland’s status as a tier 1 emerging gold/copper producer.
Huge potential upside in exploration to come.
What’s also good for shareholders is that any near-term worry about a placing has been removed with the NCM financing deal and it means that all the Institutions and funds who have been ‘waiting’ to buy into Greatland on a placing will now have to buy a stake on the open market.

BTC chart is looking stronger than ever, ATH might be breached in the coming days. If there is a convincing break to new ATH’s there is no real resistance, it is simply uncharted territory. With BTC’s finite supply and increasing demand who knows where this can lead to...

A raise to complete a condition precedent does not sound too taxing imo, if it means the closure of the debt package, this will be a small hit