Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
You are quite right ands i think there is plenty of it around. I go back to whne i first invested 4 years ago. The current $75 /lb woudl have been about the target back then so even on the original thesis i can't say it has overshot. In those 4 years a lot has changed for nuclear on the deamnd side while the supply side has not moved much. On that basis a target of somethnig north of $100 as a sustainable price seems realsitic. Will we get some big squeeze in next 2 years who knows, but seems the risks are all on that side. So I'm struggling to see as in bubble territory. Also it hasn't made it onto the main stream news and all my friends arent telling me about it. Those are also signs.
We al lknow this stuff, but more broadening of the story https://www.youtube.com/watch?v=3xANjHoIrZI
Just arrived on holiday and can see shRes prices significantly down but spot seems unmoved. I cant find anything from Cameco, but did they announce good production figures or somerhing. Wondering about topping up.cheers
According to the SPUT tracker that bought another 100,000 yesterdya at $105. That's assuming a runrate $104k a day managemnt fees. Interesting that the offer is improving even thoguh they probably have another 200,000 to buy
Not sure this is open to read but opinion piece on bloomberg which is first time Ive seen on here in broad investment column. Doesnt say anything we dont know, but good to track the growing "media adoption" phase.https://www.bloomberg.com/opinion/articles/2024-01-19/personal-wealth-uranium-prices-keep-going-up-but-many-still-want-it
Didnt even flicker!
https://www.lse.co.uk/news/berenberg-raises-target-price-on-yellow-cake-187tkam4fvnptuc.html?utm_source=alerts&utm_medium=email&utm_campaign=2024-01-18&utm_term=news
Isnt the 1H 24 new material that they would have ot raise money to exercise the option? So if it didnt happen no fund raising no materila nothing changes? However they have a right to exercise so KAZ has ot buy spot to fulfill. Isnt the exercsieprice lined ot the spot price anyway. Maybe I misunderstood the natre of the option.
Am I being dim here.
Cash previous day 18.179mio. Captial rasie 56.165 = 74.344 take away ~0.1mio running cost and balcne on 12/1 of 62.931 imples 11.313 or $113 per lb spent? Figures all from SPROTT tracker. I must have something wrong as seems a very high price. This calcuation has bene fine previously.
i wouldnt get too excited. yca is disconnected from spot and expect diso**** to widen out to 20% as we go up. 5% move spot = 2% move in yca. in some ways a slow grind is good, but does show everyone is already long
Price action is really rubbish. all the uranum assets feel like they are being dragged screaming high and struggle to hold on to their gains. feels liek a market where everyone is already long, but generally strong conviction so they aren't selling, but limited new buyers.
Shoudl be interesting in the mdia if we get bove $100 on spot. I've started buy some of the miner ETF and URC as feels like the spot is way ahead of the industry price wise. At some point the trade may be to sell the spot and buy the miners if theyt continue to lag. While spot just inches up each day it shows no sign of overextending. If it suddenly spike 20% that's a warning.