Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
posted on another site....
A useful analysis and summary from Moram of JSE’s current assets and prospects, including today’s NSWO completion.
Carlos also includes an updated DCF calculation (using what appear to be conservative assumptions) which value JSE at £1.56. This is without any new acquisitions or Vietnam.
There are analyses of several other energy Cos on the site which may also be of interest.
https://moram.eu/jadestone/
malcy's view...
Whilst this is only the completion of an already announced deal, any chance to remind the market of the company’s ability to do excellent quality, accretive acquisitions should never be missed. As Paul Blakeley says, opportunities like this from IOC’s are meat and drink for the likes of Jadestone and I am hugely confident that there are more where this one came from.
https://media-exp1.licdn.com/dms/document/D4E1FAQFg3RlvLOgOLQ/feedshare-document-pdf-analyzed/0/1665572691377?e=1666828800&v=beta&t=wpVwi-nWmKtemTeOM4vu3jCUH9q-L9GtpEGA035ff44
One view for short-term price upside is due to anticipation that utilities will become more active in the market towards the end of the year. Our conversations with those in the industry have concluded that Q4’22 should be an aggressive quarter of term contracting from utilities, driving total contracted term volumes to and possibly beyond 100m lbs for the year.
Others anticipate that the current broader market environment will soften and see SPUT
return to the market for a strong end to the year. With broader market headwinds calming, SPUT can rejuvenate what has been a comparatively quiet year in uranium purchasing. Both of these outcomes would add further pressure to prices.
https://oceanwall.com/wp-content/uploads/2022/10/Transport-Report.pdf
At the current rate of Chinese procurement of uranium, coupled with their plans to build eight new reactors a year, we could see China sequester 4-5 years of global consumption. With global annual demand for uranium at c.200m lbs/year, that’s potentially 1bn lbs of uranium sequestered from the market.
In addition to the current uranium procurement strategy being executed in China, the government also announced the creation of a strategic uranium stockpile on the Chinese Kazakh border. The Alashankou Uranium Bonded Warehouse is expected to hold 23,000 tons of uranium, equivalent to the annual production of Kazakhstan. While it is estimated that ‘only’ 3,000-4,000 tons are currently being stored at this location, in 2023, this will increase four-fold.
https://www.bne.eu/kazakhstan-offers-europe-chance-to-kick-its-russian-uranium-habit-257334/?source=czech-republic
The uranium producer stated in its mid-year financial statement that it has the confidence to target 2024 uranium output that will be 2000–3000 tU (tonnes of elemental uranium) over the anticipated 2023 level, thanks to mid-term and long-term contracts.
https://www.neimagazine.com/news/industry_news_archive.html
Published continuously since 1956 with more than 60 years of being an independent nuclear technical journal, Nuclear Engineering International covers all aspects of civil nuclear power generation and its related supply chains globally.
Topics covered range from front-end fuel cycle to power plant operations to decontamination & decommissioning. In addition to technical subjects, we also cover market developments, economics, government policy and management issues.
I note that yellowcake is the 7th largest holding in sprotts URNM etf
https://sprottetfs.com/urnm-sprott-uranium-miners-etf/#holdings
Yellow Cake PLC $40,808,754.39 JE00BF50RG45 YCA LN BF50RG4 9,020,363 4.41%
they want an independent gap analysis this time, as jadestone have been here before...Dated march 2021
https://www.upstreamonline.com/safety/oz-offshore-regulator-raises-corrosion-concerns-at-jadestones-montara-field/2-1-981833
Australia’s National Offshore Petroleum Safety & Environmental Management Authority (Nopsema) issued Jadestone with several directions this month following an inspection that ran between October 2020 and February 2021.
It said the inspection was carried out to review corrosion management and to follow up on failures to address deficiencies identified in prior inspections between 2017 and 2019, in regard to inspection, maintenance and repair of corrosion.
Not satisfied
However, inspectors were not satisfied Jadestone’s Safety Management System for Inspection, Maintenance and Repair, specifically with regards to corrosion, was managing the risk of a major accident event occurring to “a level as low as reasonably practicable”.
https://www.youtube.com/watch?v=KISFW3-ZJAU19 Mins 50 secs - Justin Huhn says berkeley energy project in spain unlikely to ever get off the ground, however great deposit though - jurisdictional risk
Fire side pre WNA Symposium video chat hosted by Nick Lawson of Ocean Wall talking to CEO Andre Liebenberg & Justin Garrow.
https://oceanwall.com/uranium-fireside-chat/
https://www.kongiwe.co.za/wp-content/uploads/2022/04/5L23_Draft_IWWMP_12042022_Final_Public_Review_Appendices.pdf
please note the above that is dated april 2022. It is for a pipleline for tailings dump 5L23 which is on the other side of road from Goldplat - if my map reading is correct.. (modder b road)
you will note that on page 14 the proposed pipeline route, has a spur that comes directly from goldplats facility.
DRD Gold will be processing 5L23 and looks like they will be processing goldplats if this is correct.
https://www.energyvoice.com/oilandgas/africa/ep-africa/434596/afentra-trading-angola-trafigura/
If we complete in early October, we would need about $60mn of debt,” McDade explained.
“When we started, we said we wanted a material company. This is the first step of the journey. There’s a pipeline of opportunities out there – and we’re screening some as we speak,” McDade said.
Dated today...
https://www.fnarena.com/index.php/2022/08/02/uranium-week-acting-for-nuclear/
Term Markets
Although utilities have decided to forego participation in the spot uranium market, they remain extremely active in realigning their portfolios to mitigate potential exposure in the event of a Russian-related disruption, TradeTech reports.
These efforts have been primarily focused on addressing enrichment and conversion needs, but the market is now seeing utilities venturing into addressing long term uranium needs as well.
That said, only two transactions were concluded in July for term delivery of approximately 1mlbs U3O8 for delivery beginning this year and extending into 2029. But five off-market transactions that have been under negotiation for several months were finally concluded and account for delivery of over 10mlbs to occur over a range of time periods, with some extending until 2030.
Offers are due this week to supply the US Department of Energy with 1mlbs U3O8 for the planned US strategic uranium reserve.
TradeTech’s mid-term price indicator has dipped to US$51.50/lb at end July, down from US$52.00/lb. The long-term price indicator remains at US$53.00/lb.
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
Bottom right hand corner of page has a link to the daily and historic short position spreadhsheet
this must be about completed now....
The acquisition of the assets from INA is expected to be funded through the same debt and existing available funds as those being utilised for the Sonangol transaction and discussions with the selected debt finance provider are well advanced and will be finalised ahead of re-admission.