Member Info for MoreThanMe

I think people are waking up to the scale of transitioning to zero-emissions and realize that it will be next to impossible to do it without nuclear.

link: https://www.washingtonexaminer.com/policy/energy/biden-subsidizing-nuclear-plants-energy

On page 5 of their recent presentation, you can see their estimated NAV and how it is calculated. I am sure you could put in the present values of the gbp/usd exchange rate, price of physical uranium and calculate a fairly accurate NAV from that. It would be nice if they more frequently published the NAV value like Geiger Counter though.

link: https://www.yellowcakeplc.com/wp-content/uploads/2021/04/Yellow_Cake_Investor_Presentation_April_2021.pdf

Nice to see copper breaking through the ATH last night. Decreasing the cut off for economic copper grade makes proving up resources that bit easier.

AIM is comical sometimes. Investors love to buy rising stocks, but hate buying stocks when they are at their cheapest and going down and the inverse when it comes to selling.

Nice to see copper making a new decade high and only 1% off the all time high. Almost comical seeing Xtract slowly dropping down knowing that if copper makes the ath, we are all of a sudden going to get popular again.

Copper isn't easily to substitute in a lot of cases, but as a substitute aluminium comes with its own host of problems and is also up 65% of it's March lows, so isn't cheap either. I definitely agree that copper will start to get substituted in some cases with the prices where they are, but the copper price has a way to run yet.

I think a future ASX listing would be a really good idea. The ASX market understands miners a lot better and values them a lot more accurately.

A nice 6.14% up today, only another 161% up till my target of 700p, it will be one hell of a journey!

Fairplay, GCL has a nice diversified basket of stocks and I am sure will do very well over the coming years.

I think given time people will start to see that renewables are not all they are cracked up to be (at least until there is grid scale battery storage), two interesting case studies are Germany and Japan.

Germany has the most expensive electricity of all of the developed countries in the world. I am sure most people wouldn't choose nuclear power as their first choice, but given the choice between +45% higher energy prices vs the EU average, people will start to see the benefits. It also blows my mind that Germany closed the nuclear power plants only to build coal.

Japan had a price spike of LNG/energy prices during a brutal cold storm that hit the country, causing the energy prices to go up exponentially at a time the country most needed it.

And then we have Texas energy price spikes and grid problems.

I think people are happy to be picky and shun nuclear until they get supply disruptions or high prices, then they realise just how important reliable emissions-free baseload is and that is where nuclear excels.

links: https://www.reuters.com/article/germany-energy-audit-idUSL8N2LS2RC
https://www.ft.com/content/7a98f9f3-3195-4f64-ba38-377c2f8ba1f3
https://asia.nikkei.com/Business/Energy/Japan-allows-1st-restarts-of-nuclear-reactors-older-than-40-years

When news flow is slowing down and investors losing interest is one of the best time to buy, because they will all be back and paying higher prices.

Yeah I definitely agree, this is a great company with fantastic fundamentals. I am not currently invested here, but am in other uranium stocks. I want to build a stake here as soon as funds free up.

That is really interesting, I bet they found that embarrassing. I think we are at a stage that nuclear is clearly the best option we have right now for emission free baseload power, but because for some reason it is an unpopular opinion people are hesitant to publicly express their opinions.

I think given time people will start to see that renewables are not all they are cracked up to be (at least until there is grid scale battery storage), but you are right it will take time. But two interesting case studies are Germany and Japan.

Germany has the most expensive electricity of all of the developed countries in the world. I am sure most people wouldn't choose nuclear power as their first choice, but given the choice between +45% higher energy prices vs the EU average, people will start to see the benefits. It also blows my mind that Germany closed the nuclear power plants only to build coal.

Japan had a price spike of LNG/energy prices during a brutal cold storm that hit the country, causing the energy prices to go up exponentially at a time the country most needed it.

And then we have Texas energy price spikes and grid problems.

I think people are happy to be picky and shun nuclear until they get supply disruptions or high prices, then they realise just how important reliable emissions-free baseload is and that is where nuclear excels.

links: https://www.reuters.com/article/germany-energy-audit-idUSL8N2LS2RC
https://www.ft.com/content/7a98f9f3-3195-4f64-ba38-377c2f8ba1f3
https://asia.nikkei.com/Business/Energy/Japan-allows-1st-restarts-of-nuclear-reactors-older-than-40-years

Deserves to be higher today, considering most major uranium companies booked double digit gains yesterday. With the likes of Cameco +10%, Nexgen +13.8%, Paladin +19%, Boss Energy +29%, Bannerman +29.6% putting in stellar gains on the day.

I am guessing spot price moving significantly will be the catalyst to really move Kazatomprom.

Was really surprised to see this open sub 40p today when you consider most major uranium companies booked double digit gains yesterday. With the likes of Cameco +10%, Nexgen +13.8%, Paladin +19%, Boss Energy +29%, Bannerman +29.6% putting in stellar gains on the day.

I know it sounds far-fetched and impossible but when this sector gets moving and utilities start signing long term contracts, the price movement of physical uranium is going to be beautiful to watch. I expect $80+ uranium and YCA trading above 700p.

I think UK investors haven't got a clue what is coming for the uranium market in the next two years. UK investors are sleeping on uranium, but they will wake up to it soon. Most exciting space over the next few years.

Kevin Bambrough conceived of the idea for UPC back in the mid 2000s and he has shared his recent thoughts on the recent updates regarding Sprott managing UPC going forward and the implications for UPC getting listed on the NYSE and being able to do "at the market" capital raisings. His take is fascinating and highlights just how important this recent event is on the uranium market going forward. Truly pivotal moment. I would encourage anyone interested in the space to read the two threads linked below.

Thread 1 - https://threadreaderapp.com/thread/1387526429416509441.html
Thread 2 - https://threadreaderapp.com/thread/1388105079245451268.html

Kevin Bambrough conceived of the idea for UPC back in the mid 2000s and he has shared his recent thoughts on the recent updates regarding Sprott managing UPC going forward and the implications for UPC getting listed on the NYSE and being able to do "at the market" capital raisings. His take is fascinating and highlights just how important this recent event is on the uranium market going forward. Truly pivotal moment. I would encourage anyone interested in the space to read the two threads linked below.

Thread 1 - https://threadreaderapp.com/thread/1387526429416509441.html
Thread 2 - https://threadreaderapp.com/thread/1388105079245451268.html

I will start by saying that I am very bullish uranium and am already heavily invested in the space, but am considering investing a chunk into GCL as I like the basket of stocks it holds and would bring some needed diversification to my current portolio of uranium stocks.

I have been researching the holdings and the one stock that I don't quite understand is the fund's High Power Exploration-Phys at 8.66% of the fund. It is an interesting company, holding some interesting prospects / IP and with Robert Friedland as chair, I can see the potential. However doesn't seem to be very relevant to uranium and I am curious to why it is included in the fund. Is the company's IP used in a lot of uranium exploration? If anyone has any info on this, it would be greatly appreciated as I couldn't figure this one out.