focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
yep - just got online today - missed the main part of the drop - got more at 1.43... this is updating almost old news, we knew that this was likely to be the outcome from the may announcement.
no one knows anything - volume, trades sizes etc are just churn.
https://twitter.com/SegraCapital/status/1542879028323012609/photo/1
https://sam.gov/opp/09e6cfffb33742888cfcdab4c233662e/view?s=08
The U.S. Government are now officially in the market to purchase I million lbs of U.S mined uranium
this is boredom selling by retail that is driving it lower.
The 1.4m trades are a rollover - likely a T20 trader
Tennyson initiation note may 22..
A combination of modest cash operating costs (~US$6/boe), high realisations (Brent less US$1.85/bbl) and favourable economic terms (42.5% entitlement share) means the produced oil boasts healthy net backs of US$25-29-33/boe at US$80-90-100/bbl Brent prices.
We forecast FY22e production of 1.6 kboepd net to UOG
so, a net back of $25 on 1.6k boepd is $14.6m (£11.9m) pa. We are currently seeing over the $33 net back in the £100 scenario above, extracted from the note.
The company should provide some guidance on its performance for Q2 in mid july or thereabouts.
malcy from end may
https://www.proactiveinvestors.co.uk/companies/news/983677/malcy-s-blog-oil-price-dec-ujo-egdon-rockhopper-arrow-echo-uog-and-finally-983677.html
The shares have also underperformed, down some 50% on a year, maybe just having Egypt for ‘regulation production’ means that any slip-ups are punished and perhaps there might be one more change in the portfolio yet to come, possibly something with exploration upside. Having said that the value of Egypt on its own must be more than the current market cap so whatever happens the shares are probably too cheap.
https://www.geoexpro.com/articles/2022/04/energy-opportunity-offshore-jamaica
a discovery of the mean 406 MMboe resources at Colibri would still be commercial with an oil price as low as US$30/bbl. At US$60/bbl, the mean Colibri resource potential is estimated to be capable of generating a >30% IRR and an NPV10 of US$2.5 billion.
United is offering a material interest and operatorship to suitably qualified parties in the licence in return for a commitment to fund a well to test the Colibri Prospect before January 2026, which would fulfil the obligations for the second exploration period of the Licence. A 2021 study by OPC estimates this well is likely to cost around US$30 million based on current rig rates.
courtesy of a poster on another board...
Numerco's spot price closed up today at $46.84. And for the first time in a few weeks, SPUT raised money on its ATM, indicating it traded more than 1% above NAV. It only raised ~$7.5m, but a step in the right direction.
SPUT Tracker:
https://docs.google.com/spreadsheets/d/1cH_2BM6T48FJDP8ShHBL9IRGFbR99ChH_SPSAWRGvt0/edit#gid=532762655
Yellow Cake (YCA) - Uranium Investment Thesis Has Got Stronger
21 May 2022
https://www.youtube.com/watch?v=UY9n8o5CYyg
it was an off book P Actx trade reported through echo.
p - protected porftolio
actx agency cross.
I believe it means that an agency has sold the shares from someone who held through them, to someone else, who is also a client of the same agency - probably two people that knew each other.
The transaction was then reported to the exchange as an off book trade.
spot price of $60 gives us about £5 a share NAV. Reversal will be seen as soon as the market settles and flows in to SPUT resume, taking it back above +1% NAV, where they raise more cash and soak up more spot volume
https://www.fnarena.com/index.php/2022/05/17/uranium-week-a-tale-of-two-markets/
More than 1mlbs of uranium was contracted in the mid-term delivery window by a variety of parties last week, TradeTech reports. The consultant’s mid-term price indicator remains at a stubborn premium over spot at US$61.00/lb. The long-term indicator remains at US$52.00/lb.
https://edition.cnn.com/2022/05/08/politics/us-russia-sanctions-media-companies-consulting-services/index.html
In addition to the export ban on Russian industrial services, the US also sanctioned Promtekhnologiya LLC, which makes weapons, including rifles used by Russian forces in Ukraine. The Nuclear Regulatory Commission will also no longer permit the export of uranium, plutonium or other nuclear-related products.