Member Info for MoreThanMe

Absolutely nuts move and next to no interest on the lse forum. I don't think people here know what could potentially be around the corner for the physical uranium market. It is going to get very interesting.

US #Nuclear fuel brokers 'Uranium Markets' are reporting a +$7.50 +18.5% spike in Spot #U3O8 to US$48.00/lb Up-pointing double triangleRocketLast quarter moon with face with Sellers now asking a minimum of $50/lb.

YCA's chart is looking excellent today after the recent pull-back in the uranium sector and I wouldn't be surprised to see a move on up this week and fundamentally there have been plenty of catalysts in the news to warrant a move to the upside.

chart: https://imgur.com/a/IpxmtBx

I don't think that technicals are that important and I personally prefer fundaments. But technicals are a piece of the puzzle and definitely play a part. It is also important to separate short term technicals from longer term technicals, which I think are a lot more insightful.

With Xtract's graph in 2021, the technicals do tell us that the long drawn-out downwards slide this share had from 8p all the way down to 3p will have shaken out any investor that had not built up a strong conviction. With hot money removed and the fundamentals of the company's assets dramatically improving, it points to a strong likely hood of a sizeable move up in the share price over the coming months.

Log chart of the share price is looking really good after a long consolidation period over the summer months.

link: https://imgur.com/a/u1hzGNa

There is a strong likelihood they have a few more 2m+ buy orders they are looking to fill and want to fill them at the best possible price they can get, before there is too much interest in the company.

Last Friday, the price didn't get above 5p until 10AM, having started the day at 4.7p. With the 2.3m shares traded at 8:42, above both the bid and ask at the time, there is a high likelihood that was a buy and a sizeable buy at that.

On the of-chance it wasn't a buy, why wasn't the price held back, as it climbed very quickly to a high of 5.3p at 1pm. All indicators suggest this is a buy and with the strong price action and potential, it is not surprising that bigger entities are starting to build positions.

One aspect that shouldn't be discounted is the copper price rising further in the next 12-24 months as Racecourse is further proved up. Many see the copper price close to the ATHs and think that is it and copper won't rally any higher. But from the lows of 2001 to the highs of 2006, coper rose circa 470%. From the 2020 lows, we are only 100% up in the copper price and there is the potential copper could have a lot further to run, giving a potentially better sale price for Racecourse in the future.

I am not for one moment expecting this or including this in my price predictions, as I prefer to be conservative in my assumptions. But nevertheless a higher copper price could be the cherry on top, if the stars align here.

Copper as a commodity is also changing to a degree as the electrification of everything gathers steam. Not only do we have the electrification of emerging economies, but we have the ongoing electrification of transport, with more copper used in cars and charging infrastructure, as well as more copper intensive forms on energy generation (solar and wind farms). I think many governments around the world are beginning to comprehend the scale of the copper they will need to deliver on promises made to the electorate regarding the zero-emission future.

Very interesting thread by Kevin Bambrough recently that highlights that the US OTC listing of SPUT (SRUUF), is a likely contributor to the substantial pull-back in physical uranium prices.

For the initial launch of SPUT, the trust was actively traded on the US OTC as SRUUF and on the TSX as U.UN/U.U and the volume was circa equal between the OTC and TSX. However a few weeks into the launch of SPUT, the OTC listing buy side was restricted due to a change in the OTC rules and a missing KID document. This lead to the OTC only permitting investors to sell their shares and they were prevented to buy shares. With a strong imbalance the arbs would absorb the OTC selling and sell the shares onto the TSX, thus driving down the price and reducing the amount of shares that SPUT would be able to issue.

I think there is a lot of logic in this, because effectively the US market was open and able to buy SPUT shares for only a few weeks, before being cut off and only allowed to sell and not permitted to buy, thus removing a major source of capital inflows to SPUT.

The good news, is that a lot of these US holders that might have wanted to sell probably have done so already, so the outflows from the US investors should be a lot lower than what we have experienced recently. Also it highlights how much capital is ready to flow into the trust when the US listing opens.

It is definitely frustrating seeing SPUT slip so much recently after running up so aggressively, but the macro couldn't be stronger and the outlook for the sector is only strengthening.

link to twitter thread: https://twitter.com/BambroughKevin/status/1446236609934921738

Word must be starting to spread, because we are at daily average volume within the first 2 hours of trading.

From the interview with Zak: "The big anomaly is probably as big as Racecourse itself"

link: https://www. vox markets .co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources-8c4cd35

Need to login to Vox Markets prior to viewing the latest Traders Cafe with Collin Bird. Here is the link:

link: https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources-8c4cd35

The XTR chart looks primed. A break of 4.5/4.p could see a nice little run, combined with some good news on BR assay results, Manica news and more updates on Eureka to look forward to.

Important to emphasis that this article was on the front page.

Here is a link to the front page of the Sunday Times today:
link: https://twitter.com/MoreThanMe10/status/1442233334218723332/photo/1

Another fantastic article today highlighting that the current energy crisis with soaring natural gas and low wind levels showing the advantages of nuclear that have been overlooked for years.

"Ministers are understood to have adopted a “change of focus” towards nuclear power, which the prime minister sees as essential to the government achieving its 2050 net zero targets as well as his levelling-up agenda."

Link: https://www.thetimes.co.uk/article/energy-panic-ushers-in-new-nuclear-age-s3qprxzkv

One thing to really look forward to is the next URA rebalancing of the ETF. Because of a fluke circumstance, on the last URA rebalancing, UPC was removed from the URA ETF, so currently URA doesn't hold any SPUT shares. However when it next rebalances, it will have to buy 5-10% of it's AUM for a stake in SPUT. I am personally expecting fireworks when this happens, especially when you consider that many will try to front run this.

Brandon Munro explains this better than I can in his recent interview at 16:15
link: https://youtu.be/kdebMTuzetk?t=975

UK in talks with Westinghouse over new nuclear power plant in Wales - The Times
link - https://www.reuters.com/world/uk/uk-talks-with-westinghouse-over-new-nuclear-power-plant-wales-times-2021-09-24/?utm_source=reddit.com

From the article:

The government said nuclear had a key role to play in reducing Britain's reliance in fossil fuels and exposure to volatile gas prices.

The recent spike in gas prices combined with a fall in renewable generation due to low wind speeds had underlined the need for more nuclear capacity, The Times said, citing a government source.

"If our current situation shows anything it is that we need more stable home grown, low carbon generation in the UK," the source told the newspaper. "This is an important project that we’re very keen to try and get off the ground."

Volatility works both ways and if you want to to be on this roller-coaster, you have to ride the drops as well as the ups. I think many of the recent new investors into the space didn't look at the historic graphs of PDN, FSY, CCJ ect. and comprehend just how volatile this sector can be. But those without conviction, who haven't done extensive research will likely get flushed out within this current pull-back/consolidation. Wouldn't be surprised to see the sector pull-back a little lower, but the trend is clear and more obvious to many with the spot price having moved so aggressively in the last month. Expecting this pull-back and future ones to be much shorter in duration as pull-backs from here on out will likely be brought into more aggressively.

Seeing through this volatility I am expecting $60 by the end of the year and wouldn't be surprised by $65/70 spot price by year end.

Yeah I am expecting less volatility in SPUT, but I think there is going to be huge volatility in the physical uranium spot market before year end. Wouldn't be surprised by $65/70 spot price by year end.

After a tedious and extended period of consolidation, XTR's chart is starting to look nicely primed for a good run. Really wouldn't be surprised by a quick run into the 5p range soon.