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http://www.world-nuclear-news.org/UF-US-conversion-plant-suspends-UF6-production-2111177.html
yesterday someone sold 50k shares at 55.5p, today someone bought 80k shares at 59p. MM having a good time! ;-00
More long term investors over there, here traders paradise!
I hope SP falls back below 50p, shake out the short term traders, then comes the good drill news. That will make my day! Whatever, short term price may have my interest but am here for the long term, happy to wait to see - More mines closures and shut down - out come of CAMECO tax case, wish the blind bull luck here, how they need it! We are only at the beginning of Sector destruction, it will take many months, survival of the best in the business. :-))
Quote from article: nuclear power house Korea is now led by a president losing interest in atomic energy. Korean goverment actually keen to help korean companies to bid for Saudi reactors projects. Economist in many occasions accused by many - China Bashing. Not slacking, but biased to some extend. the article would have been spinned differently if it is a U.S rector. The uranium sector and investors like us should be thankful for China, korea, France, Russia for their dedicate effort.
https://www.iaea.org/newscenter/news/how-china-has-become-the-worlds-fastest-expanding-nuclear-power-producer The writer only told half truth - USA , Europe nuclear meltdown is true, their leaders simply lack political will. - China betting big slice of its energy future on Nuclear, be eventual winner. https://www.iaea.org/newscenter/news/iaea-releases-projections-on-global-nuclear-power-capacity-through-2050
https://www.gurufocus.com/term/Long-Term+Debt/CCJ/Long-Term+Debt/
If BKY finds one or more Zona7, we will have a new ball game in town!
Risky talk. If cameco lost the tax case, it will need to sell something to pay fine. If u price stay low, cameco may not havd neccessary working capital to restart shut down mine in 12 months. :-))
Its obvious that I am bot heavily invested here like most of you, so I am extremely relax and :-)) all time. As long as I can make a profit from BKY sometime in the future, I be more than happy. Each passing day brings production closer, if we need to dilute by anoither 10%, no big deal. Confident I have pick winner here, enjoy journey. :-))
Increases its holding to 8.26%. Glad that the big boy is mopping up the cheap shares. Spot price won't move higher until KAZA further reduce production by minimum 20%.
Mining project always suffer some kind of delay, won't surprise me that start of BKY production delay for few months. It ain't matter much to me, I bought my shares, just sit and wait for good time, there will be lots of happy investors when we get there. It will beautiful!
The spot price will not move above $30 unless KAZA further reduce output by another 20-30%. Unlikely, in the mean time, very happy to wait for BKY production to start late 2018 to early 2019. During this period, few more mines closure and shut down.
A slow rising uranium price is bad news for high cost producers. Reason: some high cost producers will suffer if uranium spot price goes above $40 and stays below $ 50. They need to source uranium shirt term to fulfil their LTC commitments, high spot eats into their margin, mining below $50 not enough to cover its production cost. Rock and hard face, many will have to close or shut down mines.
Here we go agian! SP falls after another Investors gathering. Does PA really thinks his talk will encourage share buying if he keep reminding investors that production is well over 1 years away? :-))
Indo impose new mining laws all time, tightening its nationalistic grip all time. Freeport- 49% at big discount is just political robbery. If the indo plays fair, local investment should JV at beginning of exploration, not after substantial deposit is found and in production. It's like buying up half of someone's winning for peanut after the the horse just won the GRAND NATIONAL. :-))
Recent u price rise is from historic low, most miner needs $50 just to breakeven once their historic LTC expires. The small rise of little comfort for them. Most utilities are fully cover till sometime in 2019, they have time to wait and see. Whatever happen to u price in coming months, BKY will end up big winner by time it start production. :-)) I smile because I also invest for fun, like yo smile win, lose or whatever.
https://www.fxstreet.com/news/indonesian-political-risk-rising-bbh-201708301922 Few months back, the Indo bullied CHL bust, now winning its battle against Freeport, one by one it will take foreign miners to the cleaner. :-))
Don't forget there are tons of surplus inventory stockpile in the system, secondary supply will always be tadded to dampen the market. The utilities got used to the low u price for decades, their mind set won't change overnight. Evident that KAZA 10% cut and cameco mines shutdown have little impact, KAZA as the largest low cost producer needs to do something drastic to rocket up the utilities to weaken their decade long believe that low u price be here forever mind set. Any KAZA cut less than 20% will be ignored, 50% cut for 3 years will be nice warning shot to send the U price climbing to a more acceptable level. :-))
http://thestarphoenix.com/news/local-news/its-way-more-than-i-would-ever-have-anticipated-union-thrilled-with-salary-benefits-deal-for-laid-off-cameco-workers Good luck to the Cameco blind bulls - The reason the company suspend production is because low uranium price. The reason the company wants to retain its work force is to restart production in say 12 months time. What if uranium price stays low? The reason the company wants to restart production is because it expects its uranium inventory be exhausted by then. If uranium price stays low, the company ends up where it is today minus the uranium inventory. The company may attempt to sell some of its asset to fund its survival, but who in its right mind will buy into an operation that can't produce a profit at $45/lb? . IMHO, saty clear of thsi risky share. Please do your own research and conclusion