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Jmart0527
LSU Fan
Member since Jan 2018
56 posts
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re: Uranium>Silver
Sure, I guess there's a risk of that, but it could easily be argued against. The biggest fear or bear to Nuclear energy is another natural disaster like Fukushima.

Here's a link that will answer some of your questions. Sachem Cove (Mike Alkin) is a great guy to follow and listen too. Some of his videos are old, but remain relevant.

LINK

There's several Nuclear plants being built and being developed. The thing is supply of uranium is not close to meeting what is planned. These mines and producers need time to ramp up now to meet future demand. We're not even close to being able to meet demand

If spot doesn't go up in the next few months there will be a sell off which would be a great time to buy. The longer that spot doesn't go up and LTC's aren't signed @$50-$60+ the more violent this upswing will be.

There's some major players that are safe in this industry that I think will 10x. There's juniors that will go 20x-30x-40x. Hard to predict. My portfolio is diverse with a few safe players. I.E. UUUU, CCJ, and DNN. A few higher risk like STTDF, GOVIEX, LBHRF. I'm not giving investment advice. I'm just giving some facts and examples so that you can start your conviction process.



Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
Rolling power outages throughout the South just add to our thesis that Nuclear energy is the future. Sky rocketing electric and utility bills. If only they had more Nuclear!

Adding to that look at Japan, Germany, and Cali. There's probably more. In Germany they shut down reactors to go renewable. Emissions and electricity cost are at their highest. They're actually importing Nuclear from France.....

This is fun. It's an opportunity to see the tide turning before everyone else. If you're in, just sit tight and wait for the market to realize what we already know has to happen.


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20
LSUregit
LSU Fan
Member since Dec 2013
1500 posts

re: Uranium>Silver
So I've been riding this Uranium train. When do we jump off or is it just the second inning of its bull run?


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
My position is 2-3 years. You're exactly right we're going into the second inning. I wouldn't be surprised to see some profit taking and dips, but it's so early. My opinion is that this will be one of the greatest wealth building opportunities in a long time, but it's a volatile market so your conviction will be tested.

We are still in a supply deficit and I suspect this year prices will go up which will be a major catalyst for the industry. To this point most of the catalyst in my thesis have not happened. COVID and this weather event are speeding things up.

If you own Denison or Energy Fuels pucker up. They've made a hard run as of late and I suspect a pull back. Not to the prices they were at, but shorties are trying to pump and dump for quick profits.



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10
Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
If you don't have Standard Uranium (STTDF) they're worth a look. It's a high risk/high reward play, but I really like their team. They should have their first drill reports out in a month. Their project location is located next to Nexgen, Fission, and Cameco.

If they hit arrow. I think they'll make a run similar to the likes of Isoenergy. This is a speculative play, but possible 10-20 bagger with the current hype in the market.


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10
Draconian Sanctions
LSU Fan
Markey's bar
Member since Oct 2008
77433 posts

re: Uranium>Silver
UEC up to 3.5, thinking about getting out as I’ve doubled my money but FOMO is a bitch & if it goes to $5 or better I’ll hate myself.
This post was edited on 4/5 at 11:15 am


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
Short-term. You'll likely see a small healthy correction, but we're still very early. It's tough when you're up, but if 1% of the worlds ESG capital flows into uranium then that would require that 1% owning 100% of every single uranium company at 3x today's market cap.

That's ignoring every other catalyst currently happening in the industry. PEN bought another 450K #'s off the spot market yesterday. I believe that's the 4th company in the past month to pick up #'s in the spot market with plans to fulfill future contracts.....






itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
Are you still adding or are you loaded and holding? I jumped in and started some positions a few months ago due to your post (thank you) and have just been holding tight.


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
I'm loaded at the moment. I depleted my cash reserves a couple weeks ago on some dips. I could be wrong, but I feel pretty confident that this will get crazy moving forward. I wouldn't hesitate to add at current prices if you see some good entry points.

One company to watch in the next month is Standard Uranium (STTDF). I really like their team and property. They just completed the warrior drill and should have results by May. They've already announced to increase their summer drilling program by 10x. If the results are good it will fly in this current environment.


itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
Awesome I'll do some research on them. I'm going to set aside some more funds to add on dips on my current positions. I may start a position on STTDF and when we get a dip load up if I like what I see. Keep us up to speed, this sector looks more and more promising!


itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
Anybody buying long calls? Bought some $CCJ and $UUUU for 2023 expiry.


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
Not me, but get ready. Uranium is about to get really bullish.


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30
Hayekian serf
Member since Dec 2020
957 posts

re: Uranium>Silver
Why not a uranium ETF?


itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
quote:

Not me, but get ready. Uranium is about to get really bullish.

Yeah this whole Sprott/UPC thing seems like a big deal. I'm loading the boat on the next dip. Any other gems you're seeing out there?


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
The sprott deal is huge. Spot market should become much more liquid and reflective of real time uranium prices when it goes through.

UEX was a good underperformer until this morning that I was watching. DNN came in and made a bigger offer on JCU so there goes that opportunity.

Standard Uranium should be releasing their drill reports in the next couple of weeks. I'm really excited about that. I think it'll be good and the timing couldn't be better!


itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
I need to call Schwab and see if they will let me buy Standard Uranium. What brokerage do you use?


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
Fidelity


itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
I'm going to call and check. Any opinions on Vimy Resources (VMRSF) or Bannerman Resources (BNNLF)?

I read this Seeking Alpha Article and may start a position in one or both.


Jmart0527
LSU Fan
Member since Jan 2018
56 posts
 Online 

re: Uranium>Silver
I don't own either one of those. There's better companies out there with better resources. Just my opinion

With that being said those two are probably still undervalued. I hear a lot about Bannerman. It's been around for awhile and performed well in the last bull market. It will be a buyout target for China as well as the African Uranium companies. I.e. Global atomic and Goviex. China needs to be aggressive to meet their future demand.


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10
itsbigmikey
LSU Fan
NASHVILLE
Member since Aug 2018
218 posts

re: Uranium>Silver
Bumping this thread. Looks like momentum is picking back up this week in the uranium sector. The next few years looks to be an investing opportunity of a lifetime. Now that the Sprott Physical Uranium Trust (SRUUF) is active, it looks like it's time to get this ball rolling.

Crux Investor:
quote:

SPUT (SRUUF) will now be able to utilize ATM raising, which means it won’t need to trade up to a 10% NAV premium to justify the discount/fee impost of raising from professional money. Just like an ETF, SPUT will be able to raise quickly, cheaply and frequently – adding accretive pounds on even slight premiums. Uranium purchases can be executed as close to real time as possible in small frequent transactions, minimizing spread and avoiding front-running traders. It also means both institutional and retail investors will be able to drive the purchasing of physical uranium.


Basically as people buy shares of SRUUF it will allow Sprott to buy more lbs of U which will be yet another driver in the price of uranium. The catalysts seem to be in place to make this bull cycle one to remember.



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