Member Info for SGD27

7050/7125

I'll raise you 6950/7100 :-)

Is this the start of another significant rise?

Mid-price back up to 70.

6950/7050

Another interesting interview by TriangleInvestor, who seems to have access to genuinely knowledgeable people. This time it's Bram Vanderelst of Curzon Uranium, which has links to the Zuri fund. He explains recent spot price movements by observing how physical uranium market players are similar in their behaviour to retail equity investors!

https://www.youtube.com/watch?v=NURBMZgrKIw

Just out:

https://www.yellowcakeplc.com/wp-content/uploads/2023/10/Yellow-Cake-Investor-Presentation_October.pdf

Interview with HANetf co-founder and co-CEO Hector McNeil :

https://www.proactiveinvestors.co.uk/companies/news/1029649/return-of-russian-uranium-wouldn-t-collapse-prices-hanetf-1029649.html

Just came across this from last week :

https://www.investorschronicle.co.uk/ideas/2023/10/12/this-uranium-company-will-keep-on-glowing/

(Try getting there via google if you hit the subscription barrier.)

Https://www.fnarena.com/index.php/2023/10/10/uranium-week-pullback/

"And so it came to pass."

Https://masterinvestor.co.uk/evil-diaries/evil-diaries-costly-reading/

"As readers know I am addicted to asset situations, particularly tangible assets. One that popped up last week was Arix Bioscience (ARIX), now 120p to buy. There is an astonishing 90p a share in cash with the rest made up of listed and unlisted investments worth, seemingly, 90p+ a share. Further, the directors have declared that they will do something about this absurd state of affairs. I would take them at their word and squirrel a few away."

6875/7025 (was 6900/7100)

I thought the pullback was done, but maybe not...

6900/7100

...and now 7000/7200.

Https://www.fnarena.com/index.php/2023/10/03/uranium-week-russia-scare/

"While the positive medium-long term story remains intact for listed uranium producers and soon-to-be producers, market analysts are beginning to feel the spot price, which has risen 52% year on year and 30% in the last three months, may be due for a blow-off top.

Any overdue pullback would be seen, however, as an opportunity."

Looking very prescient! Numerco down to 7100/7250.

Https://seekingalpha.com/article/4638734-yellow-cake-way-to-play-uranium-bull-market-discount-to-net-asset-value

Https://www.youtube.com/watch?v=jkCvqU0eEfA

An interesting interview with Askar Batyrbayev, who until recently was CCO of Kazatomprom and is now on the Advisory Board for the new PFYN fund. He was giving away very little detail other than that it will probably be more wide-ranging than just U3O8 stacking and should be up and running by the end of the year.

More here:

https://www.pfyn.co/pfyn-capital-trident

PS Regarding the spot price, he says "with the right environment we might see 80 by the end of the year".

Hi DrPatience,

Watching the video, I didn't think the wind-down option was a foregone conclusion. But assuming it happens, I think you'd also have to allow some discount on the listed portfolio. It will be interesting to see what happens to those SPs on the day a wind-down decision is made. So I'm guessing 150p as a round number.

If that does happen then one possible strategy I have in mind would be to use some of the wind-down proceeds to buy the now artificially deflated shares in those companies!

The video of the presentation, including Q&A, is here :

https://www.youtube.com/watch?v=Uiep29cj9_8

Numerco 7150/7300

Yes, very strong opening. NXE up ~6% as I type

https://www.google.com/finance/quote/NXE:NYSE

Just noting that SPUT have added another 159,979 lbs U (was 61,845,847, now 62,005,826)

https://sprott.com/investment-strategies/physical-commodity-funds/uranium/

Https://www.proactiveinvestors.co.uk/companies/news/1028017/yellow-cake-nets-103m-in-oversubscribed-aim-offering-1028017.html