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4 Dec, 3 tweets, 7 min read
#Uranium Alert!๐Ÿ”” For 1st time in months, Uranium space was hot topic today in a Wall Street chat group of over 450 institutional portfolio managers & very bullish on $CCJ & $U.๐Ÿ‚ "If the mad-mob trading FCEL and other #ESG names gets a hold of uranium... Watch out." โคด๏ธ๐Ÿ‘‡ 1/3...
2/3 The January Bull Case for #Uranium... is the U sector about to explode?๐Ÿ’ฃ๐Ÿš€ ๐Ÿ‘‡ #U3O8 #mining #stocks #nuclear #CarbonFree #EnergyTransition #NetZero #ESG #SupplyDeficit #NuclearWave ๐ŸŒŠ๐Ÿ„
3/3 #Uranium: "A commodity that hasn't moved right as the world wakes up to inflation with an actual clean energy angle to it. This could well be THE trade for 2021, IMO. I know it's been slow to develop, but it just looks better than ever."๐Ÿ‚ #mining #stocks #nuclear #ESG ๐ŸŒŠ๐Ÿ„

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More from @quakes99

John Quakes Profile picture
1 Oct
#Uranium Market Update in a nutshell๐Ÿฅœ #U3O8 continues to be a best performing commodity of 2020, up 25% YTD, up 69% from its bottom in November 2016.๐Ÿ‚๐Ÿ“ˆ #Nuclear power growth remains robust โš›๏ธ๐Ÿ—๏ธโ†—๏ธ Demand at 182M lbs/yr & rising, Supply deficit ~60M lbs, -317M lbs by 2026โ›๏ธโฌ๐Ÿ—œ๏ธ
#Uranium has strong #bullish outlook ๐Ÿ‚๐Ÿ”ฎ #Nuclear utility contracting has been below normal for past 8 yrs. Re-stocking cycle overdue with growing uncovered demand & delayed Long-term contracting since 2012.โŒ›๏ธ
With such strong #Uranium supply/demand fundamentals, why is #U3O8 market rebalance taking so long? ๐Ÿค” Trade Issues, Russian Suspension Agreement, #COVID19 have sidelined #nuclear utilities BUT trade issues nearing resolution, utilities getting back to work, #China going all-in๐Ÿ—๏ธ
Read 6 tweets
John Quakes Profile picture
12 Sep
Yee-Haw!๐Ÿค  Breaking #Uranium News!๐Ÿ“ฐ US Commerce & #Russia's Rosatom have initialed a Draft Amendment to the Russia Suspension Agreement setting out new provisions, limits & terms of extension.๐Ÿ“œ Commerce soliciting comments by 28 September. Download here:
app.box.com/s/a2jclok4se78โ€ฆ Image
11 September 2020 - Initial Draft Amendment to Russian Suspension Agreement - Pages 1 to 4 of 8... #Uranium #mining #nuclear #USA #Russia
app.box.com/s/a2jclok4se78โ€ฆ ImageImageImageImage
11 September 2020 - Initialed Draft Amendment to Russian Suspension Agreement - Pages 5 to 8 of 8. #Uranium #mining #nuclear #USA #Russia
app.box.com/s/a2jclok4se78โ€ฆ ImageImageImageImage
Read 4 tweets
John Quakes Profile picture
27 Aug
Kazatomprom 1H20 Financial Results ๐Ÿ’ฐ World's largest #Uranium producer has released its Financial & Operations Review for H1 2020 & held a 1-hour Conference Call with Q&A. ๐Ÿ’ป Market responding positively with trading Up a tad near 52-week high๐Ÿ‘ kazatomprom.kz/en/media/view/โ€ฆ Image
#Kazakhstan's #Uranium production was down -3% in first 6 months of 2020, down -7% attributable to , as #COVID19 slowdown to be primarily felt in H2 as per previous 2020 Guidance. CAPEX down -38% vs H1 2019 due to #COVID19 suspensions.โ›๏ธโ†˜๏ธ Details: kazatomprom.kz/storage/2e/ofrโ€ฆ Image
Here are some Slides from Kazatomprom 's Conference Call. Excellent presentation with detailed coverage of ISR #Uranium production timelines, impact of #COVID19. ๐Ÿ˜ทโ›๏ธโ†˜๏ธ As of today, workers now back on site beginning drilling & wellfield operations after 4-month halt. ImageImageImageImage
Read 8 tweets
John Quakes Profile picture
16 Aug
1) With many #Uranium Explorers now actively drilling in #Canada's #AthabascaBasin, perhaps it's timeโณ for a thread on how to interpret drill data coming soon ๐Ÿ”œ in news releases.๐Ÿ“ฐ Misunderstanding data can lead to premature exit... selling๐Ÿฆฌ when you shoulda been buying๐Ÿ›๏ธ Image
2) #Uranium explorers drill rock core samples looking for signs of #U3O8 bearing ore.๐Ÿง Rarely do they ever hit high-grade on first few attempts.๐Ÿ˜Ÿ Geologists first look for visual signs in the core samples.. here's description from pre-discovery 2013 drilling at Arrow (Rook 1): ImageImageImage
3) Visual inspection of core samples is just 1 of many steps taken to see if they found #uranium. Presence of radioactivity is best indicator so all cores are scanned with an instrument called a Hand-held Scintillometer to produce "Scint" CPS tables for cores from each hole.๐ŸŒก๏ธ ImageImageImageImage
Read 10 tweets
John Quakes Profile picture
9 Aug
#Uranium sector has entered unprecedented times.๐Ÿฆ– Once overflowing warehouses of #U3O8 supply now running low at #Nuclear utilities, secondary suppliers & producers.๐ŸŒต #COVID19 halted half world's production for 5+ mths, forcing 2 largest miners to buy lbs to fill contracts๐Ÿ›’๐Ÿ˜Ÿ Image
What market doesn't yet realize is #Kazakhstan's ISR #Uranium #mining operates like an agricultural cycle, with #U3O8 harvested 4-9 months after wellfield plantings.๐ŸŒฑ This year, due to #COVID19, has missed their prime Spring/Summer planting season= major 2021 harvest dropโคต๏ธ Image
#Kazakhstan's #Uranium miners have never missed their prime April-September wellfield installations season before.๐Ÿ˜ฒ They estimate 4000tU (10.4M lbs) #U3O8 2020 harvest lost & can't yet quantify 2021 losses. Past history suggests it may take 2+ years to ramp back up by 4000tUโ›๏ธ๐ŸŒ Image
Read 4 tweets
John Quakes Profile picture
29 Jul
Very long Conference Call today & huge volume of interest. Upshot is Cigar Lake will restart in September if they can get workers & #COVID19 allows. They remind investors that none of Cigar's #Uranium production goes to Spot market, all goes to fill existing contracts.
If Cigar Lake can be restarted safely, 1st 2 weeks Sept for maintenance, production ramp up starting mid-Sept. $CCO 2020 Guidance 5.3M lbs #U3O8. Still heavy Spot #uranium buying required in H2 & will begin buying for 2021 needs too. McArthur/Key remaining offline indefinitely.
Cameco $CCO remains heavily reliant on market purchases to meet delivery commitments in 2020/2021. Cigar Lake restart lbs already committed to contracts, adding no supply to Spot market. Inkai lbs from #Kazakhstan remains an unknown. At least 20M lbs #COVID19 global supply drop.
Read 7 tweets

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