Discover and read the best of Twitter Threads about #UraniumSqueeze
Most recents (10)
#uranium is gonna rip just like #molybdenum has.. right to that all time highs. The break out and challenge the inflation adjusted high. The only question is when and what the trigger will be. Perhaps the sanctions coming this week will be the spark.
With the EU and USA both looking to sanction Rosatom things could get interesting. Could lead to aggressive stockpiling as well as captial flows from big fund managers. The sector is so frigging tiny it won’t take much to explode the price higher. People were shocked by sput
Well in this environment it’s possible to see $1bln of flows in a week attempting to buy physical uranium. Or $5bln trying to enter the space. Just look at the swing in market cap in a stock like $tsla alone. It’s an insane world full of maniacs. #uraniumsqueeze is coming
The primary narrative is that SPUT has catalysed the speed, and brought forward the timing, at which spot prices will rise.
Many #uranium investors expected to see a quick run up in spot prices following the introduction of SPUT. Many, including myself, were looking for a quick win. We had the playbook of 2007. That was caused by a flood. Now the fundamentals are many more times bullish. Why so cheap?
Offers getting thin and spread widening as the market place is watching SPUT stack significant cash.
Utilities have been doing the buying and taking the price higher now as they MUST to get pounds. But more importantly. They MUST to incentivize production
Utilities have been doing the buying and taking the price higher now as they MUST to get pounds. But more importantly. They MUST to incentivize production
More and more utilities and fuel buyers are now coming to market as many have put off purchases for far too long. Their tepidness of the past two years has had them mostly out of the spot market which many foolishly are still dependent on.
Now they are starting to discovery that they have significant competition not just from SPUT or YCA but other utilities. Quality producers have little long term lbs available to supply the market in 10 year term.
“The signatures of these industrial co-operation agreements clearly demonstrate the growing interest of many countries in nuclear energy and our ambition to secure robust partnerships with local supply chains for EPR projects worldwide” utilities-me.com/news/nesma-par…
Huge news very powerful model and extremely important for the #uranium world.
“As a matter of example, the significant involvement of the British supply chain for the Hinkley Point C EPR project is a tangible result of our long-term strategy with the local industry,” he noted.
Working with local builders is so key..
Working with local builders is so key..
Short sellers of $u.un are naked with the atm off.
The $u.un short sellers are playing a very dangerous game. Atm is locked and loaded large generalist funds and pension funds want to play. Shorting #uranium at these prices has to be one of the dumbest trades of all time
$sput $u.un will likely have some nice block trades lined up when the Atm is turned back on. Top #uranium traders say lbs will be hard to source under $55/lb. I’m expecting a fast move up to above $55/lb.
“Gitzel said approximately 1000 people were affected by the shutdown.
He explained that once satisfactory purchase contracts are in place for McArthur River uranium, it may take one-year to 18-months to restart production.” mbcradio.com/2020/12/no-imm…
He explained that once satisfactory purchase contracts are in place for McArthur River uranium, it may take one-year to 18-months to restart production.” mbcradio.com/2020/12/no-imm…
I ain’t afraid of the Mcarthur River restart as far as uranium price goes for the next 2 years.
You can bet when Cameco laid off 1000 people 4-5 years ago they would have kept the best and offered older employees early retirement
You can bet when Cameco laid off 1000 people 4-5 years ago they would have kept the best and offered older employees early retirement
Point being it will be more difficult than the market thinks to hire 1000 work in a market where skilled mining labour is hard to come by globally. Hire and train then commission. It’s also not a ‘simple’ mining project
Everyone should consider this tweet and what horse shit this is from $cco $ccj is stuck in a bear market mindset and once again missed the turn to the bull market.
My prediction is that $cco $ccj is going to have to burn huge sums buying spot to feed contracts they must deliver into. They will end up rushing the restart of Mcarthur River out of desperation and dig themselves out of a contracting hole by offering utilities longer term deals
This happens all the time at in bull markets companies extend poor contracts and just make things worse. End up giving up huge profits.
I prefer investing in companies that are lead by execs that have the vision to see that the market has changed from bear to bull
I prefer investing in companies that are lead by execs that have the vision to see that the market has changed from bear to bull
$u.un has had a decent take off since the ATM started but everyone invested in the space should appreciate that it’s just the start. The new players that are coming to the theme/trade are first focused on buying calls in miners and a basket of junior #uranium miners
The larger hedge funds will undoubtedly want to get max exposure in miners/explorers first. For multi billion dollar funds and large family offices it’s difficult to get enough money into the space. Once positioned in the general #uranium stocks they will get aggressive w/$u.un
I know there are funds moving into the space with the fire power to fund $u.un to eat up all the avail spot #uranium that will be for sale between $40 and $180. But know the plan for most is buy the stocks first then help squeeze the uranium price.
More thoughts on the @Official_WSB crowd jumping on the uranium trade…
Wallstreetbets’ laid out the obvious uranium bull market story well on Reddit a couple days ago. 10mm followers and you can see in the market they are now taking action.
#uranium #memestocks #uraniumsqueeze
Wallstreetbets’ laid out the obvious uranium bull market story well on Reddit a couple days ago. 10mm followers and you can see in the market they are now taking action.
#uranium #memestocks #uraniumsqueeze
It’s such a compelling theme and imho has the greatest certianty of working out fantastic of any commodity bull I’ve ever seen or read about in history. Why?
Cause it’s a super tight commodity that takes years to materially expand supply. Utilities will be $500/lb plus if they have to and the total market size is just so tiny it’s crazy. The world richest 100 people see there net worth’s fluctuate more than the entire sector daily
So, here is my thoughts on why today’s news of Sprott taking over management of Uranium Participation Corp will light this market on fire and ultimately help drive the price of #uranium much higher and faster than most realize.
As a bit of history, I’m the guy who actually conceived of uranium participation corp back in the mid 2000’s (over a sushi lunch) in the year leading up to that lunch I had aggressively pitched Eric Sprott on going big in uranium stocks and predicted a move from $11/lb to $140/lb
I had got the $140/lb simply as the inflation adjusted price from the 70’s uranium bull market and over that year we had bought 20% of most uranium juniors and a decent chunk of Cameco. We also invested in a few privates and helped some shell companies acquire uranium assets
