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Uranium Trading 3 replies

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Uranium

Quoting BTCmailman
It reminds me of Bitcoin in mid 2020, a time when I was insanely bullish but the market wasn't there yet. I had to keep asking
My Bitcoin Journey. Old charts back in 2018 - 2019. I know what you mean I got stopped out of a great position. I still get pissed about it.

Bought in based on the pullback of last bull at around 4200 then stopped out just before it sky rocketed.
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EUROPEAN ENERGY CRUNCH: French President Emmanuel Macron announces that “we will for the first time in decades relaunch the construction of nuclear reactors in our country”
Quoting squawk
{quote} Since this thread started bull case has only been strengthened by multiples. What wasn't in the case initially when the thread started. - Kazatomprom physical uranium trust - Japan restarts - China 150 new power stations Great post BTC. My top three would be; 1. Meltdown is a definite one that would complicate things 2. I would put a meltdown on China's financial system causing global equities to fall. Think this could cause a substantial pullback but not change the bull case. 3. Would be a war over Taiwan 4. Nuclear waste reproduction Think...
Great points. Definitely never though about your point on recycling Uranium but I can spin that to be bullish too ! Think of the demand if they could make the cleanest energy even better by reducing the waste.

Quoting squawk
{quote} Nice mix across the board. I have learnt in life, It's not always that easy to get positioned in a great bull Bull market. My positions have taken the last 3 years to build. Life is short, need to take the opportunities when presented. Druckenmiller said: "Size, Size, Size, When You Think You’re Right!". That's how he made fortunes. It's a mistake if you are in big winning stocks and you have only a 5% or 10% position. Your biggest winners must be your biggest trades (20-30% or more)! My mix - pretty much all ASX. {image}
Agree 100%, gotta seize the opportunity that's staring us in the face. I love Druck and now you've convinced me to add even more to my positions! Picked up some 92E, POW, TOE and added to my RR & NXE positions.
This is bullish for the rest of the market but not great for the Canadian Uranium stocks in Canadian Basin and could have a big impact. I would say especially explorers the Basion. Will be interesting to see if the ASX stocks and SPRUT get a bump over the coming weeks on this. Personally, though this was always a thread, which was mostly why I invested mainly in Australian Uranium.

No doubt through this is a money grab and prob be sorted out by a bribe.

The only stock I have that I might re-evaluate on this news is 92E.

https://www.newswire.ca/news-release...898283328.html
Quoting BTCmailman
Man it's very clear what the Uranium bull case is, but it's scaring me that the market doesn't see it yet. It reminds me of Bitcoin in mid 2020, a time when I was insanely bullish but the market wasn't there yet. I had to keep asking myself what am I missing, what's the bear case, what does the market see that I don't? So what is the bear case for Uranium from here? What are the risks that we're missing? And what is the downside if the bull case doesn't play out? Risks that I can think of: Nuclear meltdown - this is the most obvious but seems unlikely....
I agree with the risks here. I think one counter-intuitive possibility, which would only negatively impact the physical uranium trust, would be a global all-in call for nuclear power. If nations sprung to transition to nuclear, we could see an influx of supply which could hurt spot prices. Definitely a long-shot and I think gains in miners would clearly outweigh any negative pressure on spot prices if this did happen. Highly doubtful that this type of agreement is even a possibility.

Quoting squawk
{quote} Since this thread started bull case has only been strengthened by multiples. What wasn't in the case initially when the thread started. - Kazatomprom physical uranium trust - Japan restarts - China 150 new power stations
Great points. Has been some seriously bullish news lately supportive of long-term fundamentals.
Quoting yieldjunkie
{quote} I agree with the risks here. I think one counter-intuitive possibility, which would only negatively impact the physical uranium trust, would be a global all-in call for nuclear power. If nations sprung to transition to nuclear, we could see an influx of supply which could hurt spot prices. Definitely a long-shot and I think gains in miners would clearly outweigh any negative pressure on spot prices if this did happen. Highly doubtful that this type of agreement is even a possibility. {quote} Great points. Has been some seriously bullish...
Restarts are inevitable. The good thing about Uranium mining is they cannot turn over quickly and any new mine takes years to get off the ground. They would have a long time to catch up if your case above happened. I think we will start seeing stockpiling soon and restart announcements will prob happen when we start seeing $60 contracts.
Good interview.

Inserted Video
I contacted 92E and their response is below in regards to Clear Water Rene Nation statements 2 days ago.

CRDN are not First Nations in the area in which they operate.

92 Energy does have an engagement and consultation process for the First Nations groups in the areas in which we operate, and have of course been consulting since we commenced operations this year.
I hope this assists.

--
Siobhan Lancaster
Managing Director, 92 Energy Limited
Level 3, 16 Milligan Street, Perth WA 6000
+61 414 626 255
Sure all the producers have treaties in with Clearwater Dene Nation but would be cautious with the small developers/explorers. Not sure of all the leaseholders.

Over the past few years, numerous mining companies have conducted uranium exploration and have proposed extensive development in the heart of CRDN's Traditional Lands. This includes proposals for mines by NexGen Energy Ltd. and Fission Uranium Corp. and exploration activities by Denison Mines Corp., Standard Uranium, Purepoint Uranium, Cameco, UEX Uranium, Orano, Azincourt Energy, and other leaseholders affiliated proponents. The Government of Saskatchewan has granted tenure and issued authorizations for exploratory activities in the absence of meaningful consultation with the CRDN.

Clark adds, "CRDN continues with diplomacy to engage and consult with the companies and Crown in good faith, however, our community has certain limits and they feel that the line has been crossed with so many companies being granted rights to access and develop their ancient and sacred lands. There is no government mechanism in place to assess the cumulative impact of all of this development on our rights, way of life and our people's needs. There is no defensible land use plan in place that determines where this activity should be prohibited, constrained or allowed only under the strictest of CRDN conditions. No Crown agency is dealing with this bigger picture. Crown failure to address this critical matter could result in a challenge to project approvals, substantial delay to the regulatory path, risks to the projects and stranded investment.

CRDN is now working to build on its initial community IRKS report. CRDN General Manager Walter Hainault ends, "we are now preparing for upcoming environmental assessment processes and regulatory hearings. Our People will be front and center and their voices will be heard and all of the issues, concerns and alternatives they bring forward must be addressed
Another big news story today.

https://www.kazatomprom.kz/en/media/...mi_kompaniyami

Kazatomproms's storage facility looks like a China storage facility after this.



Love to know how much they signed the contracts for. 2 weeks ago Kazatomprom was calling for Uranium to be at around $70-$80 to stabilize the market future supply.
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News in, SPUT ATM just been raised from 1.5 billion to 3.5 billion.
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The 2 best times to buy are bottom and pullback in a bull market. Bear in mind Uranium's fair value without any overshoot of pricing is $60 - $70. We are a long way from home yet.
For those looking into equity to trade. Breakdown, Producers, Developers, and Explorers.

These are Bloomberg's current price forecasts.
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Couldn't agree more with this video breakdown. I have some heavy positions on both Deep Yellow and Vimy.

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Path to last Uranium bull market.
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Uranium pullback continues. My personal opinion is that since SPUT is looking to finalize the takeover of URMN on Feb 22nd they have stopped buying. First-quarter expectations are SPUT to takeover URMN and list on NY stock exchange with 2.5 billion in reserve. This year they purchased roughly 35% of annual sales of Uranium which works approx 1.2 - 1.5 Billion dollars.

My portfolio value has dropped by approx 50k over the last few months but still has a strong gain as most of my money has been in on average 2 years. I still don't think this pullback is over yet and many people will be flushed out on deeper pullback.

2022 Uranium market is yet to play out but all is set up for a strong bullish run which may come after a yet deeper pullback.

Just some thoughts heading into the new year.
If true this news could be huge in the scheme of things for the Uranium market.
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Going to let this thread fade here. Just not enough good or experienced traders in FF to contribute.

Will leave anyone who ventures on this thread this table showing the openings of new power stations to come in 2022 - 2023.

The current bulls case is strong which I could outline here but better for anyone who is interested to do some research into the Uranium bull market.

Happy trading all. If you have the interest to follow my Twitter handle is RedMacro
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Quoting squawk
Will leave anyone who ventures on this thread this table showing the openings of new power stations to come in 2022 - 2023. The current bulls case is strong which I could outline here but better for anyone who is interested to do some research into the Uranium bull market.
Love to see it!

Been pretty busy recently but remain bullish uranium for obvious reasons. SRUUF has been floundering a bit right around the middle of its 52-wk range. I'll start adding more if we approach $9.75/sh.

Haven't yet gotten into miners, still too much concentration risk for my time horizon on this. I am, however, comfortable adding more RYCEF around the $1.35 mark.
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GERMAN FINANCE MINISTRY DISCUSSING ROLLING BACK NUCLEAR PHASEOUT
https://twitter.com/energybants/stat...05296299622408

Nuclear seems to be a path of least resistance as it relates to energy independence for the EU.
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