Member Info for snooz

Any profit is just from the change in value of the U3O8 they hold. And they would have to sell some of it to realise the $$$ to pay out a dividend.

I do think a sale of 100m lbs once in a while to do a share buyback when the discount is large would be a good thing. But the board (Andreas) is quite adamant that his biggest shareholders don't want him to sell any.

> scam or market manipulation

I think I'm usually the cynical one! :)

YCA is moving with the ebb and flow of hundreds of people buying and selling each day.

The underlying asset is moving based on a very illiquid order book, perhaps only a few people buying and selling in any week.

They are going to be moving with a reasonably high correlation, but not perfect of course.

Also, while YCA will issue shares & buy U3O8 when trading at a premium, it doesn't have much of a mechanism to address a discount. It can do small share buybacks, but the board is very unwilling to sell and of it's assets to fund a buyback. And this results in YCA being stuck with a near permanent discount.

Cameco month-end numbers:

Short-term (UxC and TradeTech average) $69.28/lb

Long-term (TradeTech only?) $81.00/lb

Tariff regulations include Rules of Origin / Substantial Transformation / Country of Export vs. Country of Origin to block people avoiding tariffs by just shipping via a third country.

It'll make what's in Canada worth less, and everywhere else worth more.

Simple as that I'd expect.

I picked up a good chunk at under 470 yesterday. FWIW, I think the efficiency of deep seek is being misrepresented (cost of one training round Vs whole development), and I suspect they have used a lot more illegally exported Nvidia chips then they are willing to admit to. And while this is a gross generalisation: I never see anything innovative come from China anyways. Wouldn't surprise me if we start hearing that they have stolen OpenAI's methods and not just built on open source.

Nice that the "275p" offer is actually turning out to happen rather than moves making it worth significantly less - am regretting exiting at (...scrolls down to check...) 253.5808p

https://tinyurl.com/DLG-Convergence

Https://www.ft.com/content/8182ae01-c512-451d-b9a6-64023cac7467

Enriched that is. Demand, and thus price, for U3O8 appears (to me) to be capped by the rate it can be converted.

I don't think I am exaggerating when I say this is the most bullish news so far this year!

https://www.mining.com/cameco-surprised-by-kazakh-foulup-suspending-inkai-jv-output/

> The only live price is see is the one on yellowcake plc home page - that is scraped off Numerco

At the risk of being pedantically nerdy.... technically the one on the yellowcake plc website is the Numerco mid price supplied from Kitco rather than "scraped".

One could reference cells from this: https://tinyurl.com/YCA-U3O8 which has prices from Investing.com, Cameco (month-end Short-term & Long-term), Focus Economics, Market Insider & Numerco (mid). It uses the median of those values, excluding any that are outside one standard deviation from the mean

Https://numerco.com/NSet/aCNSet.html serves a 404? It does in the UK at least. Does it work for you?

Am just noticing today that the Exchange Market Size of YCA was reduced from 5000 to 3000. That's updated quarterly - so must have happened in October.

Just wanna say: it's a very "thin" market. Only the smallest of trades possible at the quoted prices (Bid: 165.00 Ask: 170.00).

"Don't count your chickens" and all that. Big swings very possible... let's hope they are upward.

GLA & Merry Christmas.

I thought I was going to be a holder, but my TP order filled this morning @ 253.5808p. My idea was to slowly ramp up the limit on it toward the takeover value as time goes on, but that strat only lasted a day.

I'll go spend it on some more YCA as I'm one them uranium thesis believers.

Amanda wants to give Adam Winslow his notice period for Christmas.

"Aviva has until December 25, 2024, to make a firm offer under UK takeover rules. So I don't think anyone is expecting them to wait until NY." - there's a good chance I've just embarassed myself and am wrong. Can someone cite the actual date pls!

Aviva has until December 25, 2024, to make a firm offer under UK takeover rules. So I don't think anyone is expecting them to wait until NY.

>Where are you getting the Numerco price,

Specifically: https://x.com/search?q=spot%20(from%3Auranium_price)

Https://x.com/uranium_price posts a relatively up-to-date price from Numerco.

A few prices sources are scraped onto this google sheet: https://tinyurl.com/YCA-U3O8

If the formal offer on the day is nearer to the rejected 250p (informal) than to the 275p, because of the AV SP movement... I can't see the DLG board accepting it.

Do we think the formal offer will an improvement over the last informal one?