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As along term bull of this and been in for 4 years todays price action is impressively bad. Biggest loss on the street across the ETFs other than a few of the tech stocks. The implication is a lot of weak hands joined this trade in last few months based on the whole AI thesis rather than the core sustainable energy thesis we started on. We now have some pretty substantial resistance levels failing again and Sprott and YCA sitting on major support. Depressingly I sense more losses ahead until the utilities get off the sidelines and volume comes back to the underlying. However currently they are feeling pretty smug as they are "right" not to have bought as price continues to sag. we all know they cant actual buy a meaningful quantity, but they can hold out 3-6 months. I have some dry powder having taken some profits last year, but not going to rush in here.

So it seems their concern is the data centre draws too much power and that means less or more expensive power for the consumer. Just argues in favour of increasing generating capacity. particularly SMRs that not on the grid and dedicated to a specifc user. 3 mile island is currently not supplying anyone so you cant use the same rationale.

Business inside looks way off at $82.50 vs YCA $80.25

Thanks

Has Numerco price page been put behind a paywall as requires a login?

Can someone remind me is sprott NAV based of last night close i.e. $82.25? So if they were 0.38% below and share price is up 0.4% they are issuing new shares andraising money even if spot price was $85? Or does it adjust ofr the current spot price? Thanks

so thisiia bit rough and ready as were quite a lot of erro lines, but thanks andmillys for the data. i filtered out all the records that were for 4pm so both markets were open

over all time the differential has ranged -9.1% to 13.2% in favour of sput avg 5%. in 2024 its 0.6% - 13.2% avg 7.5%. i'm an excel guy so no idea how to share this!!! so at the 4.7% on 19th its not that interesting, but maybe slightly in favour of sput.

what i am thinking is being long both in varying ratios rather than reducing my long. i can buy the canadian listed sput as well as yca. something like diso**** current 37% of the 2024 range so own 37% yca and 63% sput. i need to have a bit more of think about it.

the correlation betwen the yca price and discount diff is 62% which means yca goes up and discount i.e it underperforms. however correlation in 2024 is -15% means yca has started to outperform on way up. this might be because sput is already trading near premium and yca has been in dogs house.

does this work https://docs.google.com/spreadsheets/d/e/2pacx-1vrulyonune0iik1txxjpttr-arvc2nfc1tn2mcg17keld3xjmzw946tos0n2ugjh7ssr7b_y55cig-p/pub?output=xlsx

any of you guys been tracing the spread in diso**** bewteen yca and sprott? seems yca closed around 45 disocount so they are about 4% apart. that seems about the closest the diso**** has been. i own zero sprott so 100% of my physcal is in yca. just wondering if worh rebalancing as feel this discount differnce has been as wide as 10%

First premum close in a very long time. 200,000 lb bought yesterday $53mio cash

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

Now the spot moves!!!

This sodesnt sound significantly different than the news on 12/1 that started this run? Woudl you read it as more negative as no real reaction.

Maybe its a geographic issue of sulphic acid is Kazakhstan? Are there differnet qualities for mining vs agriculture?

Yesterday SPUT paid $101 for 100,000

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

Wasnt paying attention yesterday when SPUT bought 100,000lb. My calculation is they paid $105.05

Merryn joined BBG about 9 months ago from Money Week I think to appeal to more retail than professional investors hence the tone of her piece.

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