I would buy more but am pretty full. However the discount is so bloody huge I probably will have another bite.
There may be fear that we are waiting on some Kazataprom supply. That is the only reason I can see for us being down.
The arbitrage is crazy here. We have the Russian sanctions bill going through the house that relates to Uranium supply.
If that goes through this will literally fly overnight. If it doesn't Uranium is still just on the runway. All they are talking about is building more power stations and getting the SMR's through from Rolls.
There is generally no such thing as a one way bet. But, this is looking pretty close.
Great post. PRD has the chance to score in so many areas. Even Tand T coming back into view.
The next couple of months are huge.
We laid our chips on the table....
Got to say Wacky that was a wonderful bit of analysis... GRH, Keith, Tesla and MEM amazing stuff.
The contributors on this board are just completely different class.
The prize is so huge and then you add in Ireland...
Uranium insider stated we were fifteen percent lower than NAV since then we have gone up 5%. Still healthy discount.
As said before this is a nice arbitrage opportunity. As the sector heats up we should do well.
We are in the very early stages of the next Uranium cycle. So much Uranium being take out that isn't coming back into the market.
I don't think Russia will ban Uranium exports as they will consider whether they will get used again if there is supply disruption. People may start working around Russian Uranium stocks.
We seem to be at a discount then have a quick shoot up. Long term the fundamentals are way too strong.
Would not suprise me to see around $70-80 uranium inside of six to nine months as the absolute minimum.
More likely we shoot way higher...
The utilities are now rushing to make contracts with producers as the ETF's are buying up the product. They have had the ability to completely screw the producers that is now beginning to fall. Then we have country after country thinking that Gas money to Putin might not be the best way forward.
The SMR's are now going to be commissioned like crazy. Nuclear is gonna be across the grid like never before inside 18 months. France amping up nuclear investment and Germany buying off them and stopping the decommissioning of their plants. China with another 150 plants within ten years.
The trail is very apparent. Producers need to start securing supply fast. Watch the contracts jump in price and size.
The numbers have the possibility to be absolutely mind blowing but as of right now we don't have it all surveyed up.
So at this stage just sticking to a 1 to 2 tcf amount was very fair. The fact is that is a superb amount and would turbo boost our accounts massively and we can start thinking about money matters in a whole new way.
I do not dismiss far larger amounts when we are looking at MOU-NE and a 105km2 gas kitchen. This has not been truly factored into numbers, plus further findings that are getting released, with more to come with further surveys planned.
We then hear about MOU-NW and possible oil...
Just on the 1-2 tcf, which is conservative, we are looking at life changing amounts if executed.
I understand your excitement. We have to be careful with figures for trolls to start using against us.
I get your excitement as I have the same as do all other holders.
There may be a few little assets to the west of us that could add another heap to our account coming to fruition in a not hugely long time.
Uranium spot price around $50. Supply problems only mean one thing uranium goes up. Secondly everyone waking up to the need for nuclear.
The Ukranian reactor built to take a passenger plane hitting it at 350 miles an hour. The reactor is contained within super structure for just this reason.
Russians were fighting around offices away from the reactor. Putin is mad but not that crazy. That reactor goes up and Russians 500 miles away start glowing yellow.
great message thanks riv.
If the Ukranians can mount some guerilla resistance they can tie up the Russians in there for years. Once the Russian death rate starts kicking in strong questions will be asked. The cost of this war is prohibitive eating into his foreign reserves. The Chinese will screw him through the floor with prices. The country will grow more unstable by the day.
If this crisis lasts more than a month Putin will be in real trouble. When Generals get killed at the front things start to change. The younger cadre of senior military will start talking with the older generals. The older ones won't do anything, but they will let the younger guys act.
Every coup occurs when the tier just below the top one rebels from Turkey ,Libya, Greece to Russia. The colonels will be key in this whole excercise if Putin loses them and the Major Generals things start happening. They are the guys in control of the brigades and the armaments. Putin knows this... If they start burying family Putin is in real trouble.
Volt a lot of us are feeling what you are ... Got some money from the pandemic stocks. But the Uk market has massively underperformed for years.
However it could be this is the clearing out process. It is hugely undervalued compared to other markets. If liquidity starts moving in then we could be on the brink of very positive re-rating. We must position accordingly.
Amazing piece of business and diversifies revenues outside of Google. They really are building a top notch business. More revs means more top tech to be developed and more revenues on top. Virtuous circle.
Now some may think this guy is Nigel with another account. Personally I think this is an even greater clown than Nigel.
The little trolls really need to up their game. They embarASS themselves.
We will have some dilution one way or another with a JV or a placing. What matters is the resources. Placing is not a dirty word when you have the resources to back it up.
We do not know how large the tcf of Guercif is yet...19tcf is a figure that you cannot back up. If we have 2 tcf we will all be in clover. Frankly on the license we should surpass that. But best to be conservative. If we can get into MOU-NE quickly and that looks like the plan the re-reting upward on this stock will be explosive.
PG has to get hte drill hitting the ground. He has stated that in every interview. But now it is imperative...
Russia seems to be backing off. That will bring nat gas prices down.
Could be raise. Certainly would not be a bad thing here. It would solidify the price and fill the coffers.
Can buy now at 10.8 but only less than Ā£500. This is being tightly controlled right now.
Showing 10.8p went to buy can't buy. Mm's not giving this price.
Interesting to see where our new trading range will be.
They got a lot more runway to play with now.
I agree Sef that we are certainly not too market correlated. Most of the guys on here are not thinking 5 to 10p one way or other. No doubt Reddit ST holders piled in. Jut of the opinion that Ukraine is not effecting our position negatively.
Interesting how quickly in times of inflation people suddenly realise energy security is a bloody important area and how quickly these regimes suddenly come back into view. Ifeel we are on the cusp of seeing a hell of a lot of this.
The Ukraine situation has not hurt us. In fact the reverse it shows how bloody tenuous our hold of gas supplies are in Europe and how bloody valuable they are from other sources, than the East. I bet PG is getting a much warmer reception in financial circles than he was a year ago.
Nigel your entire time you have been nothing other than rude, aggressive and plain toxic.
Looking at the vile language you have spewed; you give it you get it.
As for a placing if they did it here it would actually solidify the current price zone so I entirely agree with you.
Many posters here have said, if a placing came long term it would be good.
The likelihood is that JV is moving more and more into view. The key is that the resources are drilled...
It is O and G there is risk all the wa. All that matters is you keep it at an acceptable level.
Would be useful for Clarke to release something we are under pressure chart wise.
Hopefully he is quiet as their is large news on the way and needs to remain quiet. Agree revs should be inline with prior guidance.
I they don't try and launch effective PR, for investors, you don't keep those investors.