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Message
re: Uranium>Silver
Posted on 9/18/21 at 6:41 pm to Drizzt
Posted on 9/18/21 at 6:41 pm to Drizzt
quote:
So the general consensus that uranium is a long term play. What’s the time line or exit point people are looking at though?
Those are great questions but the answers really depend on everything specific to the individual investor's situation.
If you have a small part of your portfolio invested, can tolerate big volatility, and/or are not putting money at risk that you need to live on pay the kid's tuition? Then I would wait to take profits because I am guessing Sprott will continue to push up spot prices and none of the big contracts are starting to be signed. We also have potential increases in demand from Japan and Germany on the table in the next 12 months.
If you need to protect yourself absolutely take profits to protect yourself. If someone were thinking about getting into the market that's also an option but I would only put in a little bit of the investment in at a time. Things could continue to run or drop by 50% unpredictably
3
Posted on 9/18/21 at 8:54 pm to molsusports
Thanks. Not a major part of my portfolio. I’ll enjoy the ride and see what happens.
Posted on 9/19/21 at 11:53 am to Drizzt
quote:
hat’s the time line or exit point people are looking at though?
Getting close for me. I was in calls and they are now ITM because it ran so quickly. I think a gap fill to the upside and I'll sell the rest. No way this run is sustainable in the short term. There's always something else to trade.
Posted on 9/20/21 at 4:25 am to molsusports
It'll likely be a blood bath this week. Hold onto your balls. This Evergrande mess is going to drag the whole market down this week until the CCP bails them out. Freak China.
Posted on 9/20/21 at 1:34 pm to molsusports
Today's a great day to get into UUUU. I just bought more
Posted on 9/20/21 at 3:27 pm to ArmydawgMD
$12 SRUUF buy order executed. Maybe I just don't understand the Trust but I keep buying when there's a big discount to NAV. Over NAV they can issue units and buy more U increasing the price. Hopefully NYSE listing in the next 6 months.
Posted on 9/21/21 at 1:10 pm to LSUregit
quote:
by LSUregit
$12 SRUUF buy order executed. Maybe I just don't understand the Trust but I keep buying when there's a big discount to NAV. Over NAV they can issue units and buy more U increasing the price. Hopefully NYSE listing in the next 6 months
To hear Rick Rule tell the story? He doesn't expect bigger valuations with the SPUT u.un until they uplist onto the NYSE. I don't know what that means although I can obviously see being on the NYSE will open it up to more investors (and volatility I assume)
Posted on 9/21/21 at 4:55 pm to molsusports
Another story I just ran across today
LINK
Interesting, although it doesn't match the number of reactors China is building or have the short term boost of Japan and Germany restarting their reactors
ETA a video link. This guy is pushing his sales letters but gives what I perceive to be sound general thoughts on the sector. This video is about the Uranium sector investment options
LINK
LINK
quote:
VIENNA, September 20. /TASS/. Russia will increase the number of nuclear power units at most of its operational nuclear power plants, Alexey Likhachev, head of the Russian nuclear corporation Rosatom told reporters on Monday. He is heading the Russian delegation at the 65th IAEA General Conference in Vienna, Austria.
"As for most of the existing plants, we will decide on expansion of the existing units," he said.
"We will be gradually decommissioning Soviet units built in the 1970s. They will be replaced by about 15 units by 2035. Our task is to build them on the existing sites, to expand the existing plants with new units. All of them will be generations 3+, with a capacity of 1,200 MW," Likhachev said
Interesting, although it doesn't match the number of reactors China is building or have the short term boost of Japan and Germany restarting their reactors
ETA a video link. This guy is pushing his sales letters but gives what I perceive to be sound general thoughts on the sector. This video is about the Uranium sector investment options
LINK
This post was edited on 9/21/21 at 6:51 pm
Posted on 9/22/21 at 7:51 am to molsusports
Awesome thanks for posting. Obviously Justin has a lot riding on a uranium bull market with his subscription service but the guy knows his shite. Definitely subscribing to that YouTube channel
Posted on 9/29/21 at 4:00 pm to TDFreak
Posted on 9/29/21 at 11:24 pm to Tiger0527
quote:
Uranium>Silver
Especially with silver getting punched in the face lately, nice call.
Posted on 10/6/21 at 8:38 am to Jag_Warrior
Bump for discussion. What do you guys think about current state of the uranium trade?
I’m in UUUU and wondering if I should add to my position at these lower levels than my current avg cost.
I’m in UUUU and wondering if I should add to my position at these lower levels than my current avg cost.
Posted on 10/6/21 at 9:13 am to DabosDynasty
As bullish as ever from my continued research. Plus, October is the turning month of uranium seasonality historically.
Posted on 10/6/21 at 9:47 am to itsbigmikey
quote:
October is the turning month of uranium seasonality historically
That is my understanding. Utilities typically investigate the availability of supply and may be signing new contracts.
This doesn't necessarily mean immediate changes in valuations publicly because only a few companies can really promise to deliver within the next 24 months and the terms of the contracts are almost never disclosed
But yes, I think the supply fundamentals (a significant deficit of supply compared to global demand) will have to increase the values of the companies that can credibly claim to produce significant Uranium in the near future.
Posted on 10/6/21 at 1:20 pm to itsbigmikey
Thanks for the info
Posted on 10/6/21 at 2:09 pm to DabosDynasty
You guys probably already know but a recent Uranium Market Minute (Episode 14) touched on the Japanese restarting more reactors with the changing administration. That will obviously also increase global demand and remove any residual spot Uranium they might otherwise potentially sell.
Germany is also in the midst of an energy crisis (that their recent anti nuclear approach has worsened). If politicians were rational and cared about either cheaper energy or reducing coal use they would turn their nuclear programs back on - but who knows what they decide.
ETA a link to a Uranium discussion from today.
LINK
Good general information from some of the bigger companies in the industry
Germany is also in the midst of an energy crisis (that their recent anti nuclear approach has worsened). If politicians were rational and cared about either cheaper energy or reducing coal use they would turn their nuclear programs back on - but who knows what they decide.
ETA a link to a Uranium discussion from today.
LINK
Good general information from some of the bigger companies in the industry
This post was edited on 10/6/21 at 6:19 pm
Posted on 10/7/21 at 5:06 am to molsusports
I agree with everything said above. We're in the best season for the uranium space. I don't expect for it to move sideways for very long. I think sprott came out a little too fast in September. Now alot of traders who need cash are selling and pushing it down. Some producers probably sold in the spot market for cash too with the price up.
Just a hunch, but there might be a few hedge funds who don't know shite about the uranium space buying at peaks and now getting hit with losses. They could deploy more cash soon.
The thesis has only gotten better. We've got 1-2 years of this. The uranium space is really boring until it's not.
Just a hunch, but there might be a few hedge funds who don't know shite about the uranium space buying at peaks and now getting hit with losses. They could deploy more cash soon.
The thesis has only gotten better. We've got 1-2 years of this. The uranium space is really boring until it's not.
Posted on 10/7/21 at 7:28 am to Jmart0527
To add on, it's pretty much the consensus in the uranium investing community that this is an insanely volatile investment that takes patience and confidence in how this will play out. I highly suggest the 10-15 minute videos that the Uranium Insider produces on Youtube (molsusports posted about these originally. There are 15 episodes now.)
Sprott buying 10,000,000 lbs moved the spot price up by about 60%... For reference uranium demand is ~185,000,000 lbs annually. To think that Sprott purchasing this much uranium can move the price by this much should show just how weak the supply really is. Trying not to give myself too many confirmation biases, but I'm having trouble poking holes in this investment.
Sprott buying 10,000,000 lbs moved the spot price up by about 60%... For reference uranium demand is ~185,000,000 lbs annually. To think that Sprott purchasing this much uranium can move the price by this much should show just how weak the supply really is. Trying not to give myself too many confirmation biases, but I'm having trouble poking holes in this investment.
Posted on 10/8/21 at 8:18 pm to itsbigmikey
quote:
Japan is set to fire up its nuclear power plants as it looks to expand its renewable energy offering amid a push to slash its emissions, its new industry minister has said today.
The efforts are a bid to cut 46 per cent of its carbon output from 2013 levels by 2030, while the country has also pledged to be carbon neutral by 2050.
“I would like to promote the maximum adoption of renewable energy, thorough energy conservation and the restart of nuclear power plants with the highest priority on safety,” newly appointed economy, trade and industry minister, Koichi Hagiuda, told his first news conference.
Hagiuda also said his department aims to win cabinet approval of a new energy plan before the end of the month – ahead of the UN’s flagship climate conference on November 1.
LINK
Posted on 10/12/21 at 6:57 pm to DabosDynasty
16% move in UUUU today. I shouldn’t have sat on my hands down in the low to mid $6.
Started searching for a catalyst and this is all I found:
Fortune Article
Started searching for a catalyst and this is all I found:
quote:
Calling it a “battle for independence and the best quality of life,” he said billions would go to creating Europe’s first low-carbon airplane, opening green-hydrogen factories, and producing French-built semiconductors and millions of electric vehicles—all by 2030. Without speed, he said, “we have already lost.”
That puts Macron in good company among European Union leaders, who have approved a giant €750 billion spending package to kick-start green industries.
But in one key decision, Macron stands alone in Europe: He doubled down on nuclear power.
Macron said France would invest €1 billion in creating new-generation mini modular reactors, known as SMRs, which are cheaper to build than conventional nuclear plants and regarded as safer than the 58 reactors France already has in place.
quote:
But Macron is also eyeing the prospect of a big new export: SMR nuclear reactors. He said the country would aim to begin marketing the mini reactors to countries looking for new low-carbon energy sources, as they try to meet their net-zero climate targets. “We started developing SMRs later than the United States,” Renaud Crassous, who heads mobile nuclear reactor development for the French energy giant EDF, told the conservative Le Figaro newspaper on Tuesday. “But we are not late, since we hope to launch marketing from 2030.”
Fortune Article
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