Napalm
@Napalm_1_
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Expressing my own opinion based on my own long & profound DD in U3O8 the last 10y. Investing since2009. My tweets aren’t financial advice.DYODD before investing
Joined August 2021
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Pinned Tweet
#uranium
spotmarket is very small market bc most of uranium deliveries go through LT contracts! Today utilities signing LT contracts with deliveries starting in 2025 & beyond.
Spotmarket for utilities & enrichers is mainly for adjustments in U3O8 needs
(1/8)
$YCA $FTSE $U.UN
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Hi everyone,
My detailed report (30 pages): “An important pivotal point has been reached. And the Uranium spotmarket is about to become much more tight”
See 30 pictures = 30 pages over a couple tweets.
$U.UN $YCA $URA $URNM $HURA $GCL
#uranium
(1/6)
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So let me get that straight: “the uranium spot buying vs spot selling in 2023” (4 pages/4 pictures)
Well, ok than.
#Uranium
price $U.UN $U.U $SRUUF $YCA 🚀
(1/2)
$URA $URNM $HURA $GCL
#commodities
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Hi,
A new long post “The shift from underfeeding to overfeeding in 2022 = almost 3x bigger than Cigar Lake mine floods in 2006” + Kazakhstan + China (in 2tweets)
=> it’s inevitable, the
#uranium
price is going much higher in near futur
=> $U.UN $YCA $URNM $URA 🚀
Part1
(1/2)
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The
#uranium
spotmarket jumped by more than 2USD/lb today on a purchase of only 100,000lb…
So tight, so tight… 😉
Help $PDN $EU $URG $PEN $LOT $GLO … Help! Your pounds are urgently needed.
#commodities
#SPUT
@Sprott
#Uranium
Trust $U.U $U.UN
#nuclear
#GreenEnergy
+1.18% premium to NAV
100k pounds purchased!!!!!!!
825.1k trusts issued = $14.2m raised!
$59.7m in cash!!!
Lock & Load!!!!!!
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Cameco just now: Panic hitting enrichment right now & But the impact of this on UF6 and U3O8 has still to come” 😉
#uranium
$U.UN $YCA
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This is magnificent.
By raising money without buying
#uranium
U3O8,
#SPUT
is actually creating a floor ~64.50USD/lb
15.69M USD raised at ~63USD/lb => 250k lb
8.24M USD at ~65USD/lb => 127k lb
9.27M USD at ~65.5USD/lb => 141k lb
While…
(1/3)
$URA $URNM $URNJ $U.UN ⬆️
#SPUT
@Sprott
#Uranium
Trust $U.U $U.UN
#nuclear
#GreenEnergy
+0.24% premium to NAV
No pounds purchased
571.9k trusts issued = $9.4m raised
$43.4m in cash!
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@Alshap
@Schwarzenegger
You are missing the point. Arnold tried to explain how many soldiers and people are manipulated by desinformation, like his father was during WWII.
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$U.UN only bought 100,000lb of
#uranium
today !!
Like Mike Alkin confirmed a good month ago: There isn’t any uranium available, maybe a couple 100,000lb for delivery in April, that’s all.
Me: The secondary supply that was used to compensate the annual deficit, is now depleted.
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Hi everyone,
A detailed overview of Global Atomic - Global Atomic ( $GLO $GLATF ) is my Paladin of this contracting cycle
$URNM $URA
#uranium
Note: I will try to post this with an attachment too
10
23
133
1) Next week new
#uranium
purchase budgets of US utilities will be released
With all latest announcements (big prod cuts, uranium supply warnings, Putin’s threat, UxC confirms Inventory X now depleted,…), those budgets will be significantly bigger than previous ones imo
1/2
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And up up she goes…
Simple math:
Total amount uranium needed for short term delivery > total amount uranium available for short term delivery, while uranium demand is price inelastic
80+ USD/lb
#uranium
price incoming
$URA $URNM $U.UN $UROY
#commodities
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I don’t know if
#uranium
investors realize this,but the fin market today (SPUT,soon followed by non-🇺🇸utilities & producers short uranium) is creating a beautiful runway for a big leg up in upcoming high season (buying by🇺🇸utilities with new budgets,bigger than previous budgets)
#SPUT
@Sprott
#Uranium
Trust $U.U $U.UN
#nuclear
#GreenEnergy
+0.03% premium to NAV
200k lbs gobbled
1,280k trusts issued = $28.8m raised
$35.5m in cash!
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Growing
#uranium
supply deficit gets bigger & bigger:
1) Dasa delayed till early2026
2) Phoenix delayed till 2027
3) LOT delayed till early2026
4) PEN delayed till end2024
5) big cuts in🇰🇿 prod for 2024,2025 & beyond
6) URG& PDN producing less in2024
7) more☢️ restarts
8) now👇
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John
@Sprott
: “We have had conversations with over 250 institutions in 2months.Many of them are generalist funds looking for new ideas.” vs total market cap of entire
#uranium
sector only ~40 (or 50) billion USD😉
While the situation became so precarious that…👇
$URA $U.UN 🚀
A good, clear and telling conversation with John. Uranium is about to light up.
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Translated: $UUUU will in total supply ~300klb to the market in2024 & stockpile
#uranium
ore from 3 mines (total ~ 1.2Mlb/y by end2024) to be ramped up in2024 for mill processing starting in2025
With underfeeding gone,1 1000Mwe reactor consumes ~500klb/y
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After 12days of work, I finally finished my long report (31 pages) about the pivotal moment between the annual primary supply deficit & the decreasing
#uranium
stockpiles of the past (they are gone, btw)
The conclusion is 🤯🥳
I will post it a 1st time tomorrow
But first 😴
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I’m preparing a detailed overview of Global Atomic ( $GLO $GLATF ) and it reconfirmes the fact that GLO share price is too cheap and significantly cheaper than less advanced developers at the moment. Here a small preview (let’s compare oranges with oranges!)
#uranium
$URNM
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“The two largest producers are sold out until 2027; some utilities are thought to be short for 2024”
2 largest producers: $KAP (~23% of 🌎production), $CCJ (~12%) => 35% sold out until 2027!
Orano (11%) has problems to get their
#uranium
out of 🇳🇪&🇰🇿,while
(1/3)
$U.UN $URA ⬆️
UxC President Jonathan Hinze spoke to
@TheEconomist
about the recent rise in
#uranium
prices and incentive prices for new uranium mines to support the growth of
#nuclear
power.
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Did
#uranium
sector solve the >40Mlb deficit today? NO
Will they 12months from now? NO, technically (ISR prod 2024 is based on input of product in wells 9 - 12 months earlier!,…) & mathematically (not enough near term prod in pipeline +Z (Next tweets)) impossible!
(1/3)
$URA
Note:175Mlb is NOT total
#uranium
(U3O8) demand2024,it’s actually much higher
175Mlb is the estimated total U3O8 consumption2024 (without 1st reactor cores)
Total U3O8 demand=Total U3O8 consumption+🇨🇳strategic U3O8 inventory build out+U3O8 restocking by utilities
(4/4)
$U.UN
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259,980lb instead of 300,000lb. That’s the second time this month
#SPUT
was scraping the bottom of the barrel!
Not much
#uranium
available through spotmarket at today’s low uranium prices.
Like Per Lander said in November👇
$U.UN $YCA $URNM $URA $PDN $PEN $LOT $DYL …
#SPUT
@Sprott
#Uranium
Trust $U.U $U.UN
#nuclear
#GreenEnergy
+1.17% premium to NAV
259.98k lbs purchased!!
569.1k trusts issued = $7.3m raised
$48.7m in cash!!! Lock & load!!!!!
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Against
a) U3O8 deficit (excl b,c,d): ~38Mlb in2024.Also huge deficit after
b) Restocking: 20% of ~175Mlb/y =35Mlb
New demand from licence extensions (c) & fin players & new U3O8 funds (d)
BIG difference between 2018-2022 & today!👇
100+ USD/lb
#uranium
coming
(5/5)
$U.UN ⬆️
Global primary deficit in2018-2022,utilities/UxC:“We are fine”
Global primary deficit in 2H2023,utilities/UxC:“Houston,we have problem”
Difference?
The commercial available
#uranium
stockpile created in2011-2017,that filled the gap in2018-2022,now depleted
#commodities
(1/2)
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Guys, you are missing something much bigger than the fact that 67.3Mlb
#uranium
over 2024-2036 is indeed huge!!
For all the doubters about overfeeding actually happening (+ add licence extensions in future), look at my comparison👇
It’s🤯 $U.UN $YCA $URNM $URA $GCL 🚀
(1/3)
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Total shorted vs average daily volume
$PDN 41M shares shorted vs ~2.6M shares traded daily
$BOE 55M shares shorted vs ~2.8M shares traded daily
$DYL 95M shares shorted vs ~5.4M shares traded daily
$LOT 154M shares shorted vs ~8.4M shares traded daily
Short squeeze
#uranium
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Denison Mines $DNN $DML plays their 2.5Mlb physical
#uranium
stockpile very well 👏
So wait a minute
$DNN 95% share in Phoenix =>DNN share in Initial Capital Cost for Phoenix represents ~340M USD (419.4M CAD +67.4M CAD)
DNN 2.5 Mlb
#uranium
at 80USD/lb =200M USD (100USD/lb => 250M USD)
55M USD cash for Phoenix
(200M+55M)/340M = already 75% financed!
(1/2)
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1 memo to put above your🛌/💻:
“The secondary supply that was used to compensate🌎annual primary
#uranium
deficit in2018-2023 is now DEPLETED, while uranium demand is price INELASTIC!
Now that primary deficit can only be solved by new production”
Good luck with that
$U.UN 🚀
$KAP & JV Partners (CCJ/Orano/Uranium1/CGN/…) just ⬇️the primary
#uranium
supply2024 by 9.3Mlb!
That’s a 6.5%⬇️ of🌎production for2024, while:
- there already was big🌎annual deficit
- secondary supply used to compensate the primary deficit in2018-1H2023 is now depleted
(1/3)
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People: “Look! Energy Fuels $UUUU sold 180k lb
#uranium
at 58.18USD/lb so they can mine uranium profitably at 58USD/lb”
Me: “NO, look better. They need much higher uranium sell price than 58USD/lb to mine uranium profitably. Today they don’t mine uranium!”
(1/4)
$URNM $URA
Energy Fuels Announces Q3-2023 Results, Including Net Income, Continued Significant Increase in Working Capital, Profitable Uranium Sales, and Continued Progress on Development of Uranium Mines and Rare Earth Separation Capabilities $EFR.TO $UUUU
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Fuel buyers are doing everything they can to avoid direct
#uranium
spot purchase, bc they know that the spotmarket became so tight that a couple 100klb would push uranium spotprice significantly higher now 😉
U3O8 needs for ST delivery > U3O8 available for ST delivery
$U.UN 🚀
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Owner of bit of uranium: “On second thought I’m not going to sell my
#uranium
at today’s uranium price. Other utilities will offer me much more dollars per pound for my uranium in the near future, because uranium demand is price inelastic”
Good luck utilities
$U.UN $URA $URNM
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Each time the sector goes⬇️, investors start to doubt…
🛑looking at daily share price fluctuations. Look at sectorial facts!
Did CCJ/KAP/Orano⬆️ previously estimated
#uranium
production for2024? No,they⬇️ it
Did GLOBAL commercial available uranium inventory⬆️ in2023?
(1/10)
$KAP & JV Partners (CCJ/Orano/Uranium1/CGN/…) just ⬇️the primary
#uranium
supply2024 by 9.3Mlb!
That’s a 6.5%⬇️ of🌎production for2024, while:
- there already was big🌎annual deficit
- secondary supply used to compensate the primary deficit in2018-1H2023 is now depleted
(1/3)
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There is no way out of it!
The upward pressure in
#uranium
spot market will continue for a long time!
Why?
Bc the secondary supply used to solve the primary deficit is depleted!
Now primary deficit can only be solved with big new uranium production
Good luck with that
(1/2)
Where are we in terms of LT contracting compared to the previous
#uranium
cycle? 2005 was the first year of the previous cycle in which the annual consumption + inventory build-up by the uts (254Mlb in total) was contracted. It is worth noting, and to give just one example,
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While tourists are executing their 10-30% profit on
#uranium
etf positions,the spotmarket is in situation of:
The highest bidder will get remaining lbs of uranium, others will be left without
Ready for 80+ USD/lb in Q4?
Bc the 2011-2017 stockpiles are gone
$UROY $U.UN $URNM
Hi everyone,
My detailed report (30 pages): “An important pivotal point has been reached. And the Uranium spotmarket is about to become much more tight”
See 30 pictures = 30 pages over a couple tweets.
$U.UN $YCA $URA $URNM $HURA $GCL
#uranium
(1/6)
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Spot now:
The highest bidder will get remaining lbs of
#uranium
,others will be left without
& it’s getting worse for utilities (Orano🇳🇪?,🇰🇿U3O8 to🇨🇳🇷🇺,CNNC📣,more spotbuying by fin players)
Ready for 80+USD/lb in Q4?
Bc 2011-2017 stockpiles are gone👇
(1/3)
$U.UN $URNM $URA
Hi everyone,
My detailed report (30 pages): “An important pivotal point has been reached. And the Uranium spotmarket is about to become much more tight”
See 30 pictures = 30 pages over a couple tweets.
$U.UN $YCA $URA $URNM $HURA $GCL
#uranium
(1/6)
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In 2024 Western utilities will beg for the
#uranium
stockpile of $DNN (2.3Mlb), $UROY (~1.5Mlb), $UEC (~1Mlb available in2024)
Those 3 companies + few small producers adding uranium prod in 2024 will be able to sell at very high price!
$EU ~200klb vs 1.3Mlb (0.8+0.5) in 2024
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📣 After CCJ/KAP/Orano (big uranium producers!!) being short
#uranium
bc their clients ask more uranium than they produce
Now Rosatom (parent of Uranium One) is also looking to buy uranium from others🤯🚀
All major producers are uranium buyers!
$U.UN $URA $URNM
#commodities
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Who can partially help in2024/2025 with ADDITIONAL
#uranium
production?
- CCJ/KAP/Orano? NO,future production already fully booked.
- Arrow & Triple R? NO,production start in 2029 at earliest.
- $PDN? Yes,couple 100k lb 2024/2025 production left to buy
(1/3)
$URNM $URA $U.UN
Simple math:
The
#uranium
spotsupply ⬇️significantly for different reasons (a),while the needed uranium for short term delivery ⬆️significantly (b), while not all uranium needs for 2024/2025 (reactor fueling 2026/2028) are covered today,while…
(1/7)
$U.UN $URA
#commodities
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For those waiting on the sideline
$GLO 🥳
60% bank financing about to be approved in October2024!
40% = ~197M USD of which already 120M USD has been invested
=> ~77M USD remains to be financed
And now comes the fun part (see next post)
1/3
#uranium
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I spend 1.5day preparing detailed overview about👇, starting with production,loss of japanese consumption from 2011/2013 till end2022 & structural deficit since early2018
Conclusion: We are close to pivotal point of significant
#uranium
price discovery
Will post in coming days
@uraniuminsider
It’s true
Not driven by SPUT anymore,but by pivotal point in dynamic between annual structural deficit &⬇️stockpiles from2011-2017
Close to pivotal point of significant uranium price discovery
SPUT is only bonus now
Let all utilities flex-up their existing supply contracts😉
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Step-by-step we are getting there! Soon SPUT will be accessible for a larger group of investors. Patience will be well rewarded.
#uranium
$URNM $URA $HURA
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Facts=facts.There can be many reasons for US utility
#uranium
inventory being at 16months of consumption on average &EU utility inventories at 2y of consumption.They are too low &they can’t run reactors without it,no room to consume more inventory—>EUP & UF6 restocking now!(1/7)
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Sometimes people ask me if I’m not afraid for my positions in the
#uranium
sector if a nuclear war would happen.
My answer: No, because with a nuclear war I would be dead. And when I’m dead, I don’t care about the valuation of my portfolio anymore.
Cheers
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ASX listed
#uranium
producers ( , ,...) & developers( , , , ,...)have some serious catch up to do compared to peers on TSX & US exchange
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And it keeps going higher!
And the high season in the
#uranium
sector didn’t even start yet!
$U.UN $YCA $URA $URNM $UROY
EDF:What are investors talking about? We just flexed up our Orano & KAP
#uranium
supply by 15% through our existing supply contracts
DUK:Yes,we did the same with CCJ & KAP
Constellation:We did the same
KHNP:We also
…
CCJ/Orano/KAP:😬
Me:🥳
$U.UN $YCA $URA ⬆️
#commodities
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4 important points regarding Global Atomic $GLO:
1) GLO will produce ~4.5Mlb/y starting end2024, but they build their
#uranium
mine in such a way that they will be able to double production if customers pay the right price (=> potential significant FCF increase)
(1/4)
$URNM
6
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I just added to my SPUT $U.UN position.
#uranium
I sold somethings non-uranium to do this move.
I invest based on fundamentals and this sell off is just silly.
Cheers
$URNM $URA $HURA
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By raising money,
#SPUT
actually created a floor ~104USD/lb
Only 43M USD needed to buy 400k lb at current
#uranium
price
While:
-KAP just warned that ALL major U3O8 producers will probably produce significantly less in2024/2025 than hoped
(1/4)
$URA $URNM $URNJ $YCA $U.UN ⬆️
#SPUT
@Sprott
#Uranium
Trust $U.U $U.UN
#nuclear
#GreenEnergy
-6.14% discount to NAV
No pounds purchased
No trusts issued = no $ raised
$62.2m in cash!
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Gone gone, secondary supply is gone
While everyone wants to buy
#uranium
asap! Producers,Utilities & investors
Only the highest bidder will get the remaining lbs,the others will be left without
$YCA trading at 14% discount
$U.UN also at discount
#commodities
#FTSE
$GCL $URA
0
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Put into perspective:Impact shift from underfeeding to overfeeding is > 2 times that big as impact Cigar Lake mine flood in 2006👇
+Bonus 1: add 10Mlb/y demand due to many U-turns in 2H2022
+Bonus 2: 4 to 5Mlb
#uranium
prod loss in 2023 in Kazakhstan
$YCA $U.UN $SRUUF $URNM $URA
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#uranium
spotmarket is so tight😉👇
Even when we reach 90 USD/lb, small uranium mines in care-&-maintenance will not start producing overnight.
Why?
1) It takes time to restart
2) There is a Labour shortage!!
3) Once you hired new employees, you need to train them 1st
$U.UN
So word around the uranium campfire is that the 100Lbs U3O8 SPUT bought last friday, was for jan 24 delivery.
John Ciampaglia have before said they preferred immediate delivery, but also normally in a 3 months window.
This could mean nothing, or it could mean a lot 🤷♂️
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Imo, Deep Yellow $DYL $DYLLF is significantly undervalued compared to less advanced peers.
John Borshoff and his team already did it with the Langer Heinrich deposit (a mine today) 30km from Tumas with quite similar geology and type of deposit mineralization!!
(1/4)
#uranium
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#Uranium
⬆️ because there just isn’t enough available for short term delivery to satisfy everyone.
$URNM $URA $URNJ $U.UN $UROY
0
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Utility: Dear producers could you restart your (small) production to sell us your
#uranium
at 70USD/lb? We can’t find enough through spot.
Producers: First, we need ~90USD/lb to make an acceptable profit, labour & material cost went up >15%
(1/2)
$U.UN $YCA $URA
#commodities
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Wauuw!
Now extrapolate that to the other Kazakhstan JV, & boom, you have got yourself a huge wave of future
#uranium
spotbuying
+ less uranium available for spotselling due to the fact that 100% of Uranium One (~12Mlb/y prod in normal times) comes from? Yes indeed, Kazakhstan
BOOM! Here comes the
#uranium
production miss in Kazakhstan: Ortalyk was expected to produce 1.28Mlb in 4Q2023 but only reached 79.7% of the production target, 1.02Mlb
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Utilities starting to see they are in a pickle:
“Phosphate tails,seawater extraction, increased production from polymetallic mines & several more were all discussed.”🤣
Many years ago we talked about 200+USD/lb needed for seawater extraction. Add inflation now
(1/2)
#uranium
At the ENS conference it became clear that end-users are also focusing on other sources of
#uranium
supply, as they appear to recognize that primary supply may not be able to meet demand.
Phosphate tails, seawater extraction, increased production from polymetallic mines and
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Heard that
#uranium
sector is in a structural deficit that can’t be solved at current
#commodity
price & can’t be solved any time soon,but you know nothing about the companies & can only invest in 1 to 2 positions,difficult to diversify your exposure to the sector
(1/6)
$URNM
1
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Yes yes,
#uranium
restocking by utilities out of fear to not be able to secure enough uranium in coming months and years is coming in full force, while uranium demand is price inelastic.
(1/2)
$U.UN $YCA $URA $URNM $URNJ
6,000 seconds with everyone's favorite Utwit,
@MalcolmRaw99915
.
I wish I could sum it up in here, but I just can't.
Guess you'll have to watch the whole thing.
Here's a teaser tho:
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Now that the market is closed, I really recommend to listen to this very bullish conference call.
In the Q&A after the presentation they were explicitly saying that there is panic at enrichment level, but that this panic didn’t even impact the conversion &
#U3O8
yet 😉
#uranium
#Cameco
's 2022 Q1 conference call audio recording and webcast replay are now available at $CCO.TO, $CCJ
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While:
-CCJ/KAP fully booked until2027
-Orano has issues
-GLO:possible 6 to 12 month prod delay (from early2025 to possibly early2026)
-URG:possible prod delays
-PEN delayed prod until end2024 & is already well booked by🇺🇸&🇪🇺utilities
-You aren’t the only 1 looking for
#uranium
0
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In August2023 I showed with 30pp report that the
#uranium
inventory created in2011-2017 (inventory X) used to compensate annual primary deficit since early2018 was now (2023) (close to be) depleted
Surprise. During high season that followed uranium spotprice went⬆️
(1/3)
$U.UN
Hi everyone,
My detailed report (30 pages): “An important pivotal point has been reached. And the Uranium spotmarket is about to become much more tight”
See 30 pictures = 30 pages over a couple tweets.
$U.UN $YCA $URA $URNM $HURA $GCL
#uranium
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Up up goes
#uranium
price based on fundamentals & simple math
There isn’t enough uranium available for short term delivery to satisfy all uranium demand for short term delivery
In such unsolvable situation, 150USD/lb isn’t that high & far away
#commodities
$U.UN $URA $URNM
Utilities will become anxious of purchase behavior of other utilities & try to frontrun each other
#uranium
(U3O8) restocking by utilities out of fear to not be able to secure enough U3O8 in coming years coming,while U3O8 demand is price inelastic
=>U3O8 price⬆️
$U.UN
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It’s like a moving tanker (
#uranium
demand) still tied to the dock (spotmarket & spotprice) with a rope (inventory X). The moving tanker can’t be stopped & will eventually take the dock (spotmarket & spotprice) with it, bc the rope (inventory X) is coming to its end!
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$U.UN
With all major
#uranium
producers + couple small producers ALL producing significantly less lbs in2H2024/2025 than all lbs delivery commitments towards their clients in2H2024/2025,while:
(1) inventory X being mathematically depleted now
(2) U1 having less to sell in spot
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Utility:Dear producers could you restart your production to sell us your
#uranium
at 50USD/lb so that we can overfeed?
Producer:I need 75USD/lb to make a profit, labour & material cost went up 15%
Utility: Please, it’s urgent.
Producer: NO, this isn’t charity.
-> $U.UN $SRUUF 🚀
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Hi,
My detailed overview of Global Atomic - Global Atomic ( $GLO $GLATF ) is my Paladin of this contracting cycle
$URNM $URA
#uranium
in another format (9 pictures)
Note: while doing an update on other projects/companies I noticed that Orano can really use ore from DASA
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And up goes
#uranium
price
Soon uranium at 80+USD/lb
Simple math:
Total amount uranium needed for short term delivery > Total amount uranium available for short term delivery,while uranium demand is price inelastic
& this imbalance can’t be solved in few months time
$U.UN
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WE HAVE A BREAK OUT IN URANIUM SPOTPRICE,while SPUT trading at discount over NAV today
There are just so many stakeholders (utilities,producers,physical uranium funds,fin players,convertors,…) looking for
#uranium
for short term (12months) delivery
=> $U.UN $URA $URNM 🚀
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It’s going to be wild indeed!
Many investors and utilities will be surprised by the tightness of the
#uranium
spotmarket in 2024 (and will remain seriously tight in 2025)
The next six months are going to be the most exciting ever for
#uranium
💥
I am talking both macro and company related!
You can quote me on that.
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1) Reopening of borders & airspace just announced👇
2) In past $GLO made sure to purchase material domestically or close to🇳🇪 as much as possible for different reasons
3) GLO just got a new shipment of mining equipment👇
= No interruption of mine construction
#uranium
🇳🇪 just announced the partial reopening of airspace & the reopening of borders with Tchad,Libya, Algeria,Mali,Burkina Faso (meaning Western, Northern & Eastern border of 🇳🇪)
=> No possible future construction interruption at DASA $GLO due to material not able to cross borders
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Temporary troubles in the country, I’m making preparations to be able to buy some more $GLO
In less than 2 years from now, Global Atomic GLO will produce and sell
#uranium
Cheers
$URA $URNM
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& the high season didn’t even start yet!
High season starts in October when the new🇺🇸utility budgets for fuel purchases start to run
Today🇺🇸represents ~25% of world
#uranium
consumption
while🇨🇳&🇮🇳☢️fleet is growing fast
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$URA $URNM $URNJ $HURA $U.UN $UROY
#commodities
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We waited for that moment since early 2018.
But yes, according to my calculations the pivotal point has been reached!
And the high season in the
#uranium
sector didn’t even start yet!
$U.UN $YCA $URA $URNM
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Don’t underestimate the impact of the crowd investing 1% (+ hedge funds) of their portfolio in a small sector market cap through a $URA $URNM $URNJ $HURA position, bc they heard that “apparently there is a
#uranium
supply problem”
We know that there is a global supply problem
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More &more
#uranium
production delays & reduced uranium production forecasts
vs
More &more operational license extensions of existing reactors, unexpectedly increasing uranium demand for coming months/years
While:
- secondary supply is gone
- uranium demand is price inelastic
Friend flagged this Friday. Looks like Rosatom is now expecting first
#uranium
production from Priargunsky No. 6 in 2028 (in their words "ambitious"). I believe WNA and consultant models have first production in 2026 so a 2 year delay vs. consensus...
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That’s 100k lb
#uranium
not available for purchase anymore
Funny thing is:
1) Mike Alkin saying ~2 months ago that at that time at that price there wasn’t any uranium available in spot, maybe couple 100k lb for delivery in April…
2) KAP warning since then
It’s going to be fun
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My more detailed overview on enCore Energy $EU
1) Rosita Extension started small
#uranium
production in November 2023 & production start at Alta Mesa in June 2024 = revenue = cash inflow!
Steadily increasing production to 3 Mlb/y by end 2026
2) 70M in cash
3) No debt!
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The Alta Mesa ISR mine sell by $UUUU to $EU isn’t a zero sum game. This time it’s very positive for both!
UUUU adds a substantial value on their books & get lot of cash they will use to finance the expansion of their REE process &
#uranium
production restart
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$URNM
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1 of many tenders in market looking for supply contract
And this RFP is not even from🇺🇸or🇪🇺utility!
This RFP is result of the turnaround in S2 2022 in🇰🇷 in favor of☢️power
But $KAP & $CCJ are already sold out until 2027,Orano has
#uranium
prod problems & uncertainties
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Up up goes the
#uranium
price, based on fundamentals.
There isn’t enough uranium available that isn’t allocated to an utility yet to satisfy all demand for short term delivery.
Uranium restocking by utilities is going to be fun
$U.UN $URA $URNM $HURA $UROY
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All global
#uranium
supply & demand models available today are based on a situation of underfeeding. In reality Western underfeeding is gone since ~9 months now & preparations for overfeeding in coming years are underway:
1) conversion increase👇
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$U.UN $SRUUF $URNM $URA
Western
#uranium
conversion on an expansion drive.
-ConverDyn restarts in 2023
-Port Hope increase in production in 2024
-Continued ramp up of Philippe Coste plant to 2024
Will lead to overfeeding and significantly higher uranium demand
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Fyi. 100,000lb is less than 3 months of
#uranium
consumption of just 1GW reactor!
There are currently 436 reactors in the world and 60 new reactors in construction as we speak.
And 🇨🇳 builds reactors on time & close to budget!
$URA $URNM $HURA $URNJ
#commodities
The
#uranium
spotmarket jumped by more than 2USD/lb today on a purchase of only 100,000lb…
So tight, so tight… 😉
Help $PDN $EU $URG $PEN $LOT $GLO … Help! Your pounds are urgently needed.
#commodities
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Global Atomic $GLO is great company with:
- great team
- signing contracts with clients
- very low AISC
- highest grade
#uranium
deposit (DASA) in Africa
- production for decades to start in2025
- already revenue from Zinc JV
- CEO big shareholder
- talking about paying dividend
Global Atomic has signed its third off-take agreement for the sale of uranium from its Dasa Mine, bringing total contracted volume to date close to 1.5 million pounds of
#uranium
per annum over Dasa’s initial five years of operation. ⚛️ $GLO $GLATF
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Boom! It’s official, $URA etf is adding $FUU in their holding in coming days!🥳
#uranium
$URNM $FCU $NXE
If URA etf integrates Fission 3.0 $FUU in their holdings end January 2023 it would result in an add & significant upward pressure on Fission 3.0 stock
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$URA $URNM $FCU $NXE $PTU
#uranium
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People thinking about shorting the
#uranium
sector will soon be taken by surprise by the fast growing structural unsolvable uranium shortage in the spotmarket
I thank the shorters in advance for all their uranium company share purchases they will do in the near future 🙂
Besides “all” western utilities flexing up their LT contracts (pushing producers to buy in spot),now this!
All major
#uranium
producers will significantly⬆️spotbuying
In such unsolvable situation,150USD/lb isn’t that high & far away
#commodities
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$U.UN $URA $URNM $URNJ
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Mega Uranium $MGA conservative Net Asset Value Friday November 17th,2023 after closing of stockmarket: 0.5154 CAD/sh
MGA share price: 0.395 CAD/sh
I used a zero value for the warrant positions & for the Maureen Property
#uranium
$NXE $URC $CUR $LUR
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