Member Info for snooz

Today General Meeting notice includes: "The Company also expects to complete the purchase of US$43 million worth of U3O8 from Kazatomprom (subject to contract) by June 2022."
So, assuming YCA have checked that's still true and not just copy & pasted from the last update - KAP are still working to plan.

I'm a bit surprised YCA have not put anything out to reassure/inform investors where they store their U3O8 assets.

Some more updates:
https://news.obozrevatel.com/abroad/voennyie-rf-vzyali-stranu-pod-kontrol-a-zaderzhannyih-uzhe-pochti-6-tyisyach-chto-proishodit-v-kazahstane-9-yanvarya.htm

What news channels are there in Kazakstan who are 'up'? - https://www.inform.kz/en is down.

Was just gonna check https://www.kazatomprom.kz for their latest, but that's offline.
Surely no-one is expecting this to open below where it closed (361 on Friday) it's only a question of how high it'll open and go over the week.

> I'll hold back on panic-buying 'til I hear about the transport infrastructure failing / links being blockaded or specific attacks against mining facilities.
I watched a bunch of videos this evening of various happenings.... I'm quite likely to change my mind by Monday morning open and I'll have a FOMO feeling as what's happening there looks awful.

What's everyone else thinking?

And if you thought what Reuters reported Cameco as sayin seemed a bit weird (why would cameco try to keep the price low & can they really turn the supply on immediately?), check this: https://www.cameco.com/media/news/camecos-commentary-on-the-ongoing-situation-in-kazakhstan

Looking at a map of where the protests are (the capital city I guess) vs where the mines and ports are... it's a big country. I'll hold back on panic-buying 'til I hear about the transport infrastructure failing / links being blockaded or specific attacks against mining facilities.

I do sympathise with the people - my energy supplier just jacked up my monthly direct debit from £88 to £135.5 .

Have updated http://tinyurl.com/YCA-U3O8 so it pulls from Twitter via Nitter, which handles the javascript.

Hi andmillsy.
Recovered just fine - a few paracetamol to clear the headache and the rest was just a cold - me recommending Omicron is my sense-of-humour way of saying I didn't have it as bad as so many other people have. I'll avoid talking more about it as it can stir up strong opinions.

Feeding other rates into the spreadsheet, I'd love to... but... I've got a list of URLs I tried, but failed, to get scraping on the sheet itself - I think because of javascript dynamically building those pages.
If you've got any other URLs for U3O8 I could try and use them - especially for Numerco or some other source of the CME data.

I did bail out fully today (at an average of 362.7p) after nearly getting out yesterday before getting back in a bit again.
I didn't notice the big change that happen this afternoon in the spot price... I guess that's the protest/insurrection in Kazakstan driving that? If it's not - then it should be.
With a spot of $46/lb we're at only a 4% premium... even though the NAV has reduced I'll have psychological issues of buying higher than where I sold today though... I've left a bid in the LSE order book overnight near the NAV - maybe I'll be lucky in the opening auction.

The only thing I see in the news about the matter since Christmas: https://www.express.co.uk/news/science/1542690/ursula-von-der-leyen-emmanuel-macron-eu-green-taxonomy-nuclear-energy

I think I'll hold off getting any more until it's back below NAV. I'm generally liking a strategy of accumulating it when below NAV (and wishing for a buyback when I max out) and decumulating when above (plan to hold none of it when it gets to 10% premium based on the last share issuance).
Current NAV estimates for some U308 price levels:
$40/lb 312.8p
$41/lb 320.4p
$42/lb 328.0p
$43/lb 335.6p
$44/lb 343.2p

Hope you all had a good Christmas - I got some of that Omicron which, if forced to take from a choice of strains, I thoroughly recommend.

Well, can't argue with that! That's the clearest tax guidance I've seen in a long while.

>dividend for tax purposes
I'd have thought this demerger would be a about following the "How share reorganisations are dealt with for Capital Gains Tax purposes" tax rules: https://www.gov.uk/government/publications/share-reorganisations-company-takeovers-and-capital-gains-tax-hs285-self-assessment-helpsheet/hs285-share-reorganisations-company-takeovers-and-capital-gains-tax-2018 rather than treating them like a dividend.

That said: I'm not expert, this is not tax advice, I don't know if my thinking is right and I am very happy that I hold mine in an ISA so I don't have to know.

'89 must have been referring to this I reckon: https://www.world-nuclear-news.org/Articles/Ten-EU-nations-call-for-nuclear-s-inclusion-in-tax & Assessment of nuclear energy @ https://ec.europa.eu/info/business-economy-euro/banking-and-finance/sustainable-finance/eu-taxonomy-sustainable-activities_en

Just tried with my broker, biggest size I can get is 1000 for which:
Bid=76.7700 GBX Offer=79.3200GBX which is disappointingly wide. The spread for half the size is the same.
What's sitting in my book is "Depositary Interests Representing Aclara Resources Inc".
I would be interested to know if ppl see tighter prices at a particular time of day.

San Miguel just has a lot of tick-boxes to tick I guess.

> "the Taxonomy decision might of been made by then"
the what decision?

>Today 04:46
>State permit decision extension - deadline pushed

BTW - to verify the permit status oneself rather than accept the word of someone who's been staggering around his home at 4:30am trying to find the gadget that lets out a short but ear-piecing wail every ten-ish mins (turned out to be a low battery warning in a CO2 detector) - docs can be seen at https://dnrweblink.state.co.us/drms/search.aspx , search for P2021008 (or P2021009 or P2021010) to confirm.
GLA.

State permit decision extension - deadline pushed
another 3 months.

42's head-and-shoulders would be on a ~6month chart - I reckon, Repression, you're looking at a fortnight ?
The more obvious 'pattern' I reckon (albeit on that's not predictive) is that YCA follows the price of Uranium, as one would expect with a U3O8 pure-play, but varies from that (with a premium/discount of +/-10% or more) according to general market sentiment.
I started the day with some orders in very similar to you, Repression, sold some at 330 today as you did at 329 - similar but different in a key way: I'll be buying again if it approaches 309 (so long as U3O8 is above, say, $40/lb) rather than having a stop there!

I know I'm banging the same drum over and over (or whatever the phrase is that I getting wrong)... but this is >11% below NAV (assuming 45$/lb) and the company has nearly $30m on the balance sheet in cash. Where's the buyback?

We've heard multiple times over the past few months that news on these permits would be available in just two weeks.
Just a week to go now, https://dnrweb.state.co.us/DNR/Mining/operatordb2/report-Prospect.asp?search=PermitPendingApplication . Anyone expecting anything other than another deadline extension?

Thanks DownToTheBone, so:
>Why are some of the boxes blue and some red?
red=BlackRock, blue=Credit Suisse
>"Change Amount" is over what period?
I guess as "trend" is based on 8 quarters, the "Change amount" is over the last quarter.
>Can we have a similar picture of sells (so we can look at the net flow from the micros to the smalls)?
https://www.morningstar.com/stocks/xlon/yca/ownership on the sells pages I don't see any micro fund, so I guess they are so relatively small or non-existant they can be ignored.

I'm still half-expecting a buy-back even though the discount narrowed from over 11% to ~8%.

I had an order at exactly today's high (340) that didn't get filled - shame.

If I had a twitter account, I'd be asking the poster:
Why are some of the boxes blue and some red?
"Change Amount" is over what period?
Can we have a similar picture of sells (so we can look at the net flow from the micros to the smalls)?