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Copper price looking very perky today on US infrastructure news, with a possible wedge break after a 10 week consolidation period. Chart linked below.

link: https://imgur.com/a/pq8pEZN

Great price action today, nice to see some market recognition of how ridiculously undervalued the company is down at these levels. Looking at the chart, it looks like we are potentially breaking out of a 4 month descending wedge that starting in March.

graph: https://imgur.com/a/UIkAMHO

And I don't think people yet comprehend how much the grid needs to expand in the future if transportation is going to transition from getting its energy from petrol/diesel to getting its energy from the grid, at the same time that there is plans to start phasing out fossil fuels from grid energy production.

Something has to budge here and nuclear is the perfect reliable baseload energy source that energy grids around the world need to fill this void.

Impressive how quickly YCA has rose after the recent capital raising at £2.50. Definitely shows that there is real appetite for investing in physical uranium and that all shares that are getting issued by YCA to buy more uranium are finding sticky hands. And this is not surprising, uranium has been through a brutal brutal bear market and is now re-rating with a promising chance of becoming a hot new ESG investment.

If people are serious about reducing carbon emissions and improving air quality, nuclear will play a massive part in future energy generation.

If Sprott's ATM listing goes ahead, it will be able to issue shares easily when the price is trading marginally above NAV, which should mean that the premium to NAV of UPC/SPUT will be a lot lower and YCA will likely follow suit and trade very close to NAV. This will be very good for big insitutional investors that will not want to enter at a huge premium to NAV and thus encourage a lot more capital to come into the space.

The way I see it is YCA's loss of premium to NAV will be worthy sacrifice for the creation of an ATM physical uranium trust that will provide a vehicle for big insitutional players to enter the space. SPUT is going to be a gamechanger in Q4. The uranium equities market is so small and the uranium physical market is even smaller, when big money comes into the physical uranium space it will be like trying to funnel the Congo river through a garden hose.

Fantastic news, YCA, junior miners, Cameco, UPC, Hedgefunds and HNW's all lining up to buy physical uranium. It won't be long before the price of physical uranium really gets going. Q4 this year should be really interesting.

Hard to say if the news that prompted the sell off yesterday will be a brief blip or initiate a short-term pullback. The uranium equities which have rallied strongly recently, such as Cameco, Nexgen and others were ready for a short -term pullback and this news was enough to trigger it. It is also important to remember that the uranium miners have increased substantially in the last 6 months, whereas physical uranium (YCA & TSX:U) has yet to take off in the same way, so it is far less vulnerable to any pullbacks IMO.

It does seem that the story was over exaggerated and a tad sensationalised by CNN. The reactor is still running and hasn't been shut down, an indication that all is fully under control and they will manage the reactor until the next refuelling point and that the most likely cause was cracked fuel rods, which is a somewhat common problem that nuclear plants have to deal with. If this was a more serious issue, they would have taken steps to begin shutting down the reactor.

Here is a useful Twitter thread with some good information behind the recent events:
link: https://twitter.com/energybants/status/1404476721076781060

Great entry point from here, with a mcap of £34m, fully funded for a huge drilling program this summer and fantastic prospects of Bushranger and other assets. Personally down 42% on this with an average entry of 7p, so I am very jealous of those picking up shares at these prices. Looking forward to getting more results back from Bushranger and seeing the second drill program get started. Hopefully we get the additional IP survey lines soon.

Fantastic news that shareholders approved the motions today. Might enable Yellow Cake to purchase more physical uranium prior to the SPUT vehicle launching later this year.

In other news, a New York hedge fund Anchorage Capital Group LLC has amassed a holding of a few million pounds of uranium as well as positions in uranium equities.

All getting very exciting here, Q4 this year should get very interesting.

link: https://www.wsj.com/articles/hedge-fund-behind-amazon-mgm-deal-amasses-big-bet-on-uranium-11623324178?mod=markets_lead_pos4&utm_content=169369447&utm_medium=social&utm_source=twitter&hss_channel=tw-1234518714176954368

Fantastic new video from Justin Huhn from Uranium Insider and Jake Ducey detailing some of the intricacies of the Sprott Physical Uranium Trust and the implications for both the sector and the uranium price. It is really interesting to hear that SPUT purchases of uranium will be short dated, so they will be buying the uranium available for delivery in the next 30-60 days, not accepting delivery for multiple months down the line like many of the juniors that brought physical uranium recently have been forced to do because of the lack of available uranium for delivery in the near future. It will get really interesting when SPUT goes live later in the year and potentially lists on the NYSE.

link: https://www.youtube.com/watch?v=Qt3q0_NoAcQ

For a bullish article, it is strange that the Fool underplays the previous uranium bull market. Some of the 2003-2007 returns were many multiples of 20x, Cameco, the industry leader went up 1300%. Take for example:
- Cameco (NYSE:CCJ) - 2003-2007: +1300%/13x
- Denison Mines (TSX:DML) - 2003-2007: +5200%/52x
- Bannerman Resources (ASX:BMN) – 2005-2007: +6800%/68x
- Forsys metals (TSX:FSY) - 2003-2007: +11200%/112x
- Paladin Energy (ASX:PDN) - 2003-2007: +95600%/956x

The market caps of the uranium companies started from a higher base this time, so not doubt there will be less multiples. However an interesting difference between the previous uranium bull market and this one is the recent development of the Sprott Physical Uranium Trust enabling "at the market" offerings. This will result in more frequent issuance of shares and more frequent spot market purchases, which ensures there will be a consistent bid in the uranium spot market. This physical uranium trading vehicle has the potential to move the spot market in a much faster manor than the previous Uranium participation corp vehicle that would need to wait for the stock to be trading at a significant premium to NAV before it was worthwhile to raise capital, due to the broker expenses of raising capital this way. So with UPCs previous vehicle it would maybe raise capital a few times in a year, the SPUT would be able to raise capital through ATM offerings 10/20+ times a year, depending on appetite.

The other difference worth noting is that UPC was only listed in Canada in the previous bull market, cutting off some of the American capital that would have invested in physical uranium. The NYSE is 13x larger than the TSX and is the biggest capital market in the world. Having SPUT listing on the NYSE will be a game changer and we will see vastly more capital flowing into physical uranium. There is also the other benefit of having SPUT tradable on RobinHood.

The risk to reward setup for physical uranium through YCA or TSX:U may not have the potential upside some of the miners, however it is definitely one of the most attractive investments on a risk to return basis there is on the market right now IMO, DYOR.

Also nice to see YCA put in a new high today as well as Uranium Participation Corp also putting in a new high and breaking through that CAD$6.00 level. URNM/URA/HURA all breaking out substantially. Looking very good for uranium and we have Sprott Physical Uranium Trust to look forward to later in the year. UK investors will wake up to uranium at some point and they will flock to GCL.

I would recommend scouring the AEE forum on Hotcopper, there are some knowledgable posters on there that have been in the stock a long time and have a good understanding of the current situation. My understanding is that the company will have to satisfy all requirements set out by the ASX before it is allowed to trade again, so dotting the i's and crossing the t's. My bet would be on July.

link: https://hotcopper.com.au/asx/aee/?keywords=AEE

Previous highest close was 276.50 on the 1st of April, a close above that today would be a good signal.

Fantastic discussion with lots of great info. Always a big fan of listening to Brandon Munro, he is definitely one of the rising stars in the uranium industry and understands the industry inside out.

Very interesting @4:45 to hear Brandon talking about big industry rumours about uranium purchases, I would love to be a fly on the wall in some of the Perth offices right now!!

Solid day for YCA today, something has lit a fire under the SP this week and we may see the highest close yet today, if the SP holds up today.

It will be interesting to see the additional IP survey lines to the SE, that Jeremy said "would get done in the next month or so". It might give us an indication of how far the IP anomaly extends in that SE direction from Racecourse.

link @19:20 mins: https://www.youtube.com/watch?v=GBSaqFttIyY&t=1160s

Very interesting to see such bipartisan support for uranium over in the USA with measures introduced yesterday to boost existing nuclear plants via a tax reform bill. Many of the calculations for future uranium demand is assuming that a lot of these US nuclear reactors are coming offline in the coming years, but if they are getting 20 year extensions, that is a lot more uranium added to the demand side. The importance of reliable zero-emission baseload power is starting to be understood around the world and there is only one major energy source that fills this void and that is nuclear. Exciting 5 years ahead for the industry.

link: https://www.reuters.com/business/energy/us-senators-set-introduce-nuclear-power-credit-energy-tax-reform-bill-2021-05-26/?taid=60aed7a634e77e00018ac17c&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

It is odd looking at the recent decline, because not a lot has changed apart from the price action. I think there are too many people in the markets chasing price action, not company fundamentals. And if the recent price decline has been enough to force capitulation of this hot money then we might be better off going forward. Very exciting potential here, looking forward to watching unfold over the next year.

Why is the stock market the only place that people don't want to buy something when it is on sale, but rush into when it is getting more expensive.

1 trade with a value of £31.82 as well!

To give an idea of the scale that the IP survey displays, on Monday I took the time to to measure, map and plot out the areas of red and yellow and make an interpretation of how each survey line could link up. Bear in mind, this is purely 2d, not taking into account depth.

IP survey plotted link: https://imgur.com/a/EtEDieT