Member Info for masplin

Sprott have redesigned their webpage and i cannot find the usual daily NAV figures anywhere. APUT tracker is also broken. Anyone work out where they moved the data to? Seems odd to take it off the front page.

Very wise. Anything around $67 equivalent is a pretty solid floor. much less risky the uranium equities at this point.

I cant work out if this thing is actually using YCA/Sprott as an input? maybe using some average discount to imput a spot. Just shot up . Might be a dangerous circular indicator

On that basis they have the authority to spend the $75mio extra they raise at $75 buying back the shares. seems a complete no brainer to me. i know they want to accumulate physical, but at this discount its fantastic for the NAV.

Closing in on $65 just getting ridiculous. Shut my eyes and buy some more 14% discount to $76.50 being indicated on https://price.uranium.io/en

So no official buy back program but they have bought back previously when shares more than 10% discount. Given they have $75mio of liquidity and discount is now 12% this seems a really obvious thing to do?

This form 2022

Yellow Cake, a specialist company operating in the uranium sector with a view

to holding physical uranium for the long term, is pleased to announce that

following the purchase of ordinary shares on 6 May 2022, the Company's share

buyback programme ("the Programme"), as announced on 4 April 2022, has been

completed.

Under the Programme, between 4 April and 6 May 2022, the Company has

repurchased in aggregate 566,833 ordinary shares of £0.01 pence each in the

Company ("Ordinary Shares") for a total consideration of US$3 million, at a

volume weighted average price of 415.4 pence per share and a volume weighted

average discount to net asset value of 10.4%.

The Company has 187,740,730 ordinary shares of £0.01 each in issue, of which

4,636,331 ordinary shares are held in treasury. Therefore, the total number of

ordinary shares carrying voting rights is 183,104,339.

Does anyone know if YCA has any authority to buy back its shares/ They just issued $75mio at $75 spot and can buy them back at ~$68.50. Seems a no brainer and better than buying physical at $78. I'm adding here as downside is limited due to carry trade. 11% ish discount

A lot of it related to OKLO. This was a reasonable company that has just exploded in value pumped up by the reddit idiots. URA one of the biggest ETFs, ended up having 20% in this whereas it used to be a mining ETF. So everything just got pumped up way over done for where the price of uranium was. This is just all the hot money exiting. I'm a bit surprised the reaction in YCA, but there are no buyers of spot except YCA (they should be on the bid around here with there extra $75mio) as Sprott is all done. So guess there was some hot money in YCA as well. I think URA and NUCL can both continue lower to wash out the idiots, so for time being I'm 90% in spot (YCA and sprott) and 10% equities as best risk reward. I'd say 10-20% down side on the equities and 5% on YCA. Just normal gyrations of an illiquid market. To be fair to Justin at Uranium insider they called this perfectly.

Nice thanks. Is this what Uranium.io is displaying?

Ok so they is an RNS if they actually deploy any of their extra cash. Thanks

Seems to have bene pretty good following the price and much more timely that the YCA website update which is often hours out

Sorry to be clearer I mean the extra $75mio they raise to make spot purchases. Affects their NAV depending where they buy and what price is. The option is simple and i model it as delivered as if it isnt all hell breaks loose.

Is there any mechanism for us to know if YCA has started buying physical with their excess cash they raised or is it super opaque? Wondering how we keep on top of the true NAV.

Until now it seems any nuclear comme tary as been restricted to what I would call professional financial media e.g Bloomberg. Moneyweek is a UK magazine for the sophisticated private investor that collates stories from the financial press. First time it's made from the cover.

Personally I think we are at the start of the major adoption phase where we see a whole new set of investors coming into the market. However worth keeping an eye on new fund launches and more main stream press, as usually the sign of things reaching a peak. I think that some way off, so for now I see this positive for funds flow.

I think the massage is broadly accurate but easily manipulated!!!

I looked at this when it was first launched and seems to have no volume. Given Sprott continues to raise money around $82 it seems unlikely they are not on the bid at 81.5. They have $70mio as of last night so even with $50mio cash buffer can buy 250,000. Yca can buy 600,000 but they did raise at $75. Hard to know without knowing their sources. Maybe we get a surprise this afternoon or someone manipulating the reporting with no actual tradeable volume (think more likely). Worth watching g so good spot.

Sorry first paragrpah

US nuclear utilities face possible uranium shortages over the next decade, the Energy Information Administration warned, underscoring supply chain challenges in the world’s biggest atomic-power market.

We all know this but IEA wade in on supply deficit on Bloomberg

the Energy Information Administration warned, underscoring supply chain challenges in the world’s biggest atomic-power market.

Utilities signed fewer contracts for delivery last year as uranium prices surged, a report by the US agency said. High costs are pushing them to delay decisions to cover future fuel requirements, even though less than a tenth of the uranium delivered to US reactors is typically bought on spot markets.

The uranium supply gap is expected to widen over the next decade to a combined 184 million pounds — equivalent to more than three years of consumption. In the absence of long-term supply deals, the EIA report suggests more utilities may need to forge shorter-term arrangements to keep reactors operating.

In the brazilian jungle catching up on developments. Has anyone worked out what yca cash position will be assuming the uranium is delivered after costs etc. Just to get a real handle on the discount. I dont know how yca will handle the NAV published from now until delivery. I think we can all agree it's best to trade this on the assumption of delivery, as if they didn't things would explode!

Does the ATM only operate on the CAD units as that is always right on NAV just the USD units trading at a premium. Spot closed $77.50 on YCA so lets assume $78 offer. Why wouldn't they issue units at 1% above NAV (which was set off $77.35) ??? Seems odd