Discover and read the best of Twitter Threads about #Uranium

Most recents (24)

1/? I guess it’s time we discuss the elephant in the #uranium #equity room, decouple. For those that are new, equities generally track the commodity exponentially. Historically, the recent 40-50% increase would have sent equities skyrocketing many % points higher than....
2/? the #uranium commodity itself. This has not been the case for the past couple of years, equities have decoupled and for the most part, have given almost no indication of what actually drives them up or down. It’s pure exhaustion if I’ve ever seen it. Why? My belief is.....
3/? the very things that are setting the next #uranium bull into motion have crippled equities. Mine closures such as McArthur, Cigar, and production cuts from Kaz et al are essential for the supply/demand side of the commodity, but catastrophic for explorers. The exploration....
Read 7 tweets
Replay of today's North Shore Global #Uranium #Mining ETF $URNM Webinar, featuring Mike Alkin's @FootnotesFirst presentation "Price is Everything" is now available.📺 I'll post some of the slides in this thread. Check out the Q&A too. #Nuclear ⚛️ Link: gotostage.com/channel/15c1bb…
Read 7 tweets
A thread on the @N_S_Indices presentation with @FootnotesFirst. #uranium
Mike believes we will see at least a double in uranium spot price from current levels.
Consensus has been consistently wrong and unable to predict recent development within the industry that have lead to price appreciation.
Read 7 tweets
#uranium on my mind today vis-a-vis utility inventories.

A utility holds inventory for two reasons: it’s a bulwark against supply disruption, and a convenient way to dollar cost-average fuel costs when prices are uncertain/volatile. So why, then, *these* inventory levels? (1/8)
Prior to COVID, uranium delivery has been undisrupted for a decade. Unless someone fails to deliver because of COVID, the streak will continue. The same streak continues in conversion, enrichment, and fabrication. So, in short, contracts appear secure to end users. (2/8)
Inventory costs money, too. Forget storage - the cost of money to hold millions in inventory is significant, especially for utilities with past bankruptcies. With prices on a long-term downtrend and supply secure, drawing down inventory is both cash flow and reduced costs. (3/8)
Read 8 tweets
#uranium - All is not well in the spot market! 3 issues:

1. By my numbers, Cameco was 40% of all spot buying in Q1.

2. The headline spot price everyone is getting excited about is the price for delivery at Cameco's converter but the price for delivery at the other major
(1/4)
converters has not moved as much. Price at Converdyn or Orano is US$3.50-4.00/lb lower. Thats highly unusual. I've never seen an arbitrage of more than 25-50c between major converter delivery locations.

3. The forward curve has flattened markedly, ie, the 12 and 24 month
(2/4)
prices are not moving up as quickly as the front month (where Cameco buying is concentrated).

...all this tells me the spot price has ONLY moved over US$30/lb due to Cameco buying. Admirable work by Cameco but they're now in a bind. They need US$40-45/lb+ to restart their
(3/4)
Read 4 tweets
1/3 Next major resistance for #uranium spot lies at 35, which was the base of '14/'15 that broke down leading to a massive -50% decline in U spot during '16. A correction to 31.50ish(29.00) is still possible, which would probably be a once in a lifetime buying opportunity.
2/3 Even though 35 is a major turnover point for #uranium sector, spot price recovery can see a consolidation phase there. This would push most U stocks down due high expectations, leading to more volatile low volume trading environment.
3/3 Basic fundamentals for the sector are pretty much impossible to negate in short term. Deficit is real and plants are being built & planned for growing energy demand of increasing energy-intensive lifestyle. #Uranium spot dropping below 29 would indicate bottoming to continue.
Read 3 tweets
Ok, couple of thoughts on #tankers noise. Here we go:
Bullish thesis:
1) contango for longer. Obviously dead now, no if and but. Dead. If it reappears it'll be a whole new case, for a bunch of different reasons.
2) supply/demand. Nonsense.
Supply is rising, demand is falling that's a reality. No matter how slow supply is rising when demand is peaked and then falling (secular!) this is a bad combination. Wanna proof? #drybulk. Ok, but how about scrapping?
3) first of all. You need rates to fall below OPEC for some
time and kind of a short-term hopeless consensus to kick this cycle, which is not a good position to be in from shareholders perspective. Secondly it'll take time and has to overcome the supply so that the whole tonnage really starts to contract, not just offsets increase.
Read 11 tweets
Saturday morning thoughts:

Noticeably #uranium twitter has become a little more bearish again - the idea of another false start has crept into the minds of new investors

I strongly believe this is NOT another false start & this time it is fundamentally different

Here why 👇
Sustained spot over 30$

Psychologically this is a big hurdle & frankly there was little resistance getting there indicating spot is very thin as we assumed - as RR says fat old rich guys with fond memories of the last bull are waiting - this is their signal & they will be buying
de-stocking occurs - term will rise

Utilities have placed priority on health & safety measures due to Covid - this has once again delayed long term fuel arrangements - de-stocking of historically low inventories continue at a rapid pace - reactors are not shutting down
Read 8 tweets
1/8 $UUUU #Uranium
Notable acquisition of a strategic US uranium project in Utah by ASX-listed $TIN just miles north of Energy Fuel's White Mesa Mill ($TIN +200% overnight). Bullish for UUUU, though buried in the release - i.e., not being picked up by US market/investors.
2/8 "White Mesa Mill, the only conventional, fully permitted operating mill in the US8, located 50km
to the south of the East Canyon Project via major highway adjacent to project"

"US Government recently announced multi-year commitment to support domestic uranium
production"
3/8 "Energy Fuels’ White Mesa mill, the only fully licensed and fully operating conventional uranium/vanadium mill in the United States, is located within trucking distance (50km) of the East Canyon Project along major highway 191. It has historically been the largest producer...
Read 8 tweets
Hi there! Since @pintofscienceAU has to go online this year, I’ve been asked to introduce myself and what I do here instead of at the pub. So... my name’s Jess and I’m a nuclear chemist ☢️👩‍🔬. Grab yourself a beer and get ready for #ThisIsMyScience #AtomsToGalaxies
Did you know that upwards of 96% of ‘nuclear waste’ could potentially be recycled? That’s why I don’t like calling it waste, but prefer ‘used nuclear fuel’. It may have been used once, but we can use it again! #NuclearWaste #recycling #wastemanagement #ThisIsMyScience
Removing just 5 actinide elements from used nuclear fuel would reduce the volume, radiotoxicity & lifetime of the remaining waste from ~130,000 to 270 years! Plus, the actinides can be re-used as fuel. I research new ways to separate actinides from used fuel. #ThisIsMyScience
Read 5 tweets
1) Why are #Uranium #stocks so severely undervalued relative to Spot #U3O8 price?🤔 There are several reasons but biggest by far was decision by Global X Uranium ETF $URA in January 2018 to switch from 100% to only 50% U3O8 stocks! They had to unload over US$200M in U stocks! ..2
2) In January 2018, $URA held over US$400M worth of #uranium stocks. The switch to 50% led to a selling-off of US$200M worth of #stocks into a tiny illiquid sector, driving down share prices of almost every U stock across the board starting in March 2018. But it got worse... /3
3) $URA had been the Sentiment Indicator for #Uranium sector. Where $URA went, #U3O8 #stocks would follow.🐏 As U stock prices plummeted, $URA plummeted, so more investment firms redeemed $URA units, creating a downward spiral🌪️ so by end of 2019 over US$320M in U stocks sold..4
Read 7 tweets
I have some legit questions for people who hate renewables and think they're a waste of time/money/resources/hope. Not looking to start arguments here, I'm looking to understand views
Are you arguing we should put all the money currently spent on renewables (including research, govt subsidies, etc) into research for advanced nuclear? Worth it to put the amount of clean energy in the US on hold for, at minimum, years until we have designs certified AND built?
Or should we try convincing/enticing/forcing utilities to starting build more large reactors with existing design certs NOW, like AP1000s? Or build ESBWRs, APR1400s (neither of which have been built in the US before), also putting the addition of clean energy on hold for years?
Read 10 tweets
Here are some of main points that came out in Cameco's $CCO $CCJ 2020 Q1 Conference Call. The overall theme was that recent transition towards a seller's market in the #uranium space has been accelerated by #COVID19 supply disruptions. Cameco is moving into driver's seat..
2) Cameco is seeing broad-based #uranium demand in the Spot market led by producers like themselves trying to fill delivery contracts. #Nuclear utilities not dominant yet. No month-end price dips in March/April signal tighter market. Material availability is inverse to price...
3) Cameco agrees with Kazatomprom CEO that Carry Trade is declining as Spot #uranium oversupply ends. Huge primary supply deficit eliminates availability of material for carry traders. Result is utilities returning to "classic" long-term contracting as traders cannot deliver LT..
Read 15 tweets
#Nuclear #Energy & the draft 2020 American Energy Innovation Act

1/ A thread for those researching the #uranium space who wish to reconcile the metal's bullish thesis with the BIPARTISAN (emphasis) legislative efforts currently underway in support of nuclear’s long-term future
2/ Firstly, two pro-nuclear Bills became law in ’18 & ’19 – Nuclear Energy Innovation & Capabilities Act; NE Innovation & Modernization Act. Now, numerus other NE Bills (through Committee) were combined into one larger, stimulative, shovel ready, clean energy mega-legislation
3/ Feb 27, 2020: the BIPARTISAN American Energy Innovation Act was introduced, compiling > 50 energy-related Bills to replace/modernize EPACT2005. Passage in the Senate is likely, the House requires more climate mandates. Highlights: bit.ly/2K7blvI #energyinnovation2020
Read 20 tweets
#Uranium

Mark Lambert was found guilty on November 22, 2019 on Foreign Corrupt Practices Act #FCPA bribery, conspiracy & fraud charges. justice.gov/opa/pr/former-…

Lambert was to be sentenced on March 11, 2020 but instead, by agreeing to pay $2M penalty, charges will be dismissed.
A Maryland-based company has agreed to pay the $2M penalty to resolve claims that it bribed a Russian official to win nuclear material transportation contracts. #Uranium

Transport Logistics International Inc. (TLI) will pay the fine as part of a deferred prosecution agreement...
... reached with DOJ. The agreement resolves criminal allegations related to the company’s operations under Mark Lambert, who owns Dragon Distillery in Frederick, & other former TLI executives. dailymail.co.uk/news/article-5…

Lambert still faces charges against him as an individual.
Read 5 tweets
Thread on Kazakhs Production

Kazakh's can now sell their uranium at the spot price to their Swiss marketing subsidiary which can then market it higher aboard or pool inventory to sell at a higher price

No more direct selling into spot market as per Kazakhs transfer pricing laws
ISR Production

“It’s important to keep in mind that ISR production is similar to oil and gas production. It produces a lot when the well is first tapped and then production declines. As the production declines, new wells are drilled to offset the production decline rates."
First is mine exploration and mine development expenditures where Kazak’s have gone from spending $94m a year in 2011 to $18m in 2017. It's hard to imagine an 80% drop in mine exploration and development investment coinciding with increasing production (or even being maintained).
Read 6 tweets
En quelques mots, les qualités de l'#énergie #nucléaire
#Thread ⤵️⤵️⤵️⤵️
C'est - et de très loin - globalement la moins dangereuse,
1/7
L'#énergie #nucléaire est la plus concentrée donc de très loin la moins encombrante au sol (#pollution par artificialisation des surfaces minimale)
2/7
L'#énergie #nucléaire est de très loin l'énergie pilotable qui produit le moins de CO2 par MWh produit (hors hydro, TRES encombrante au sol) ...
3/7
Read 7 tweets
Today's Cameco $CCO Fireside Chat with CEO Tim Gitzel is now available for replay. Highly recommend #uranium investors spend 30 minutes listening to Tim's #U3O8 & #nuclear market analysis & company activities. In this thread I'll provide some highlights. cibcvirtual.com/banff2020/s/37…
Section 232 overhang gone but most #nuclear utilities remain paralyzed waiting for #Trump to act on #NFWG report he now has in hand. Frozen #Uranium sector still not thawed as majority of fuel buyers prefer to wait for clarity. 🥶
Cameco has taken 25M lbs out of #uranium supply since 2016 thru multiple mine closures & #Kazahstan has cut 20% thru 2021, creating a 50M lbs #U3O8 primary supply deficit today. Inventories are being drawn down significantly.
Read 15 tweets
1/ Some of my notes on the "Behind Closed Doors In the Whitehouse" panel at #VRIC20...

Stephen Moore: I do feel confident that Pres Trump will issue some kind of executive order to re-start American #uranium production... I think the deal with come through the Dep of Defence.
2/ Stephen Moore: The only question is when it will happen. Either it will happen soon, or it will happen after the election.

Marin Katusa: I think it will happen after the election.

Stephen Moore: It doesn't make sense for Trump to wait until after the election.
3/ Marin Katusa: I think the number will be between $55 and $65 for a LT supply contract with the Government.

Amir Adnani: The deal that has been purposed is a 1.4 Billion dollar purchase over 10 years.
Read 6 tweets
☢️ The Biggest Nuclear Scandal You’ve Never Heard Of ☢️

Since this was tweeted, the #Obama admin ended the #MegatonsToMegawatts program, disincentivizing #Russia from decommissioning its #nuclear stockpiles, limiting our primary source of imported #uranium.

The company that…
… tweeted this — @USEC_Inc, our only private sector domestic enricher — then went bankrupt after repeated adverse rulings by @BarackObama’s @ENERGY Dept. that prevented them from building new reprocessing/enrichment facilities.

But wait, there’s more…
… here’s the kicker: Dep. Sec. of #Energy Dan #Poneman parachuted from his cushy gov’t career to becoming President & CEO of the company after it emerged from bankruptcy as @Centrus_Energy. Then #Centrus signed a big agreement with #Russia’s state-owned energy giant, #Rosatom
Read 10 tweets
Man we have some juicy stuff coming down the pipe. The #Iran nuclear deal is going to expose an entire state secret & uranium trafficking network run on a secret server by #Hillary & friends. They were working for the #Luciferians to funnel nuclear secrets & bombs to #Iran & #NK
#Obama administration knew about #NorthKorea having miniaturized nukes. #Iran & #NK were black ops intelligence black sites. Using proxy sites to terrorize the world and influence world events. foxnews.com/opinion/obama-…
Here is #SusanRice admitting they are funneling hundreds of billions of dollars into the pockets of terrorists. Hidden in plain sight. Where do you think they got the money to put an $80 million bounty on POTUS? Our tax money. 😡
Read 15 tweets
A soldier lost life and 3 other suspiciously went missing after the Patrolling vehicle was attacked by unknown gunmen in Madaini area of Tehsil Shewa, #MiranShah #NorthWaziristan .

#Kashmir #Waziristan #PakistanArmy
Lance Naik Amjid who was shot lost his life on the spot while other three soldiers namely Naik Murtaza, Naik Ismail and Khassadar Sabir went missing after the firing incident.

The search operation is continuing in #Miranshah #Miramshah.

#Kashmir #neelumvalley #neelamvalley
Road side bomb blast in #Qutabkhel targeting Patrolling vehicle which was travelling on #Bannu - #Miranshah road.

No casualties happened in the blast as the Patrolling vehicle was far from the blast.

#Waziristan #Kashmir #LoC
Read 199 tweets
Why enCore Energy Corp. , is the opportunity with the most asymmetric risk / reward I've seen?

Thread

#uranium
1. Sector: The intrinsic structure of the uranium sector makes it ultra-cyclical. In the previous cycle the price of the mineral multiplied by more than 10x and the companies multiplied by more than 20x and some by more than 50-100x. Ie.
2. Offer/ Demand situation: The current uranium prices doesn't encourage the existence of an offer that covers existing and growing demand, so prices should increase at least 2 to 3 times.
Read 9 tweets
AND THIS, MY FRIENDS, IS WHY ( @realDonaldTrump ) #PresidentTrump IS INTERESTED IN PURCHASING #GREENLAND. *** #URANIUM *** BRILLIANT!! BUSINESS MAN, BAR NONE. ==> Greenland closer to building world’s fifth-largest uranium mine bit.ly/2Huk9Lp #MINING.COM
@realDonaldTrump (2) THIS ARTICLE BREAKS DOWN and EXPLAINS the U.S.'s POTENTIAL INCOME by PURCHASING #GreenlandPurchase #Greenland. ==> govmin.gl/.../Geology_an…
@realDonaldTrump Uranium's atomic number is 92. It has 92 proton's, 92 electrons and 6 valence electrons.

#QAnon's what's that add up to? That's right, "17".

Coincidence? I think, not.
Read 18 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!