Thread by @contrarian8888

#Uranium, $PDN $PALAF. Ive been giving it a lot of thought on the next stages of the Uranium moves. So clearly the move up in equities vs a spot px that has been languishing has caused many of the older hands some consternation. I think partly this has been caused by a huge

Outperformance in energy equities causing a need to reallocate funds from funds that are short/underweight energy coupled with a ESG problem. See below that according to JPM there may be $22bln that needs to flow into energy. As such money is flowing into many deals given

Nuclear is perceived as ESG compliant. Now this is +ve and i would think its only a matter of time before the uranium holding cos URPTF, Yellowcake which are now trading at premiums to NAV issue equity and soak up some of the spot driving prices higher. I believe this will

Cause the next leg up in the uranium equities esp with $22bn needing to chase/close Energy U/W by end March. 2 other observations. @AlexMiningGuy tweeted that many marginal projects are trying to get funding with subpar IRR’s.

https://twitter.com/alexminingguy/status/1362555510168317955

This brings me to $PDN. I encourage you all to listen to Ian Purdy’s interview.

https://twitter.com/contrarian8888/status/1362250477870620675?s=21

https://twitter.com/contrarian8888/status/1362250477870620675

Why? Because the big money is going to be made on minimal dilution. Ian talks about the new projects he will fund with cash flows post Langer Heinrich. Most of these Mickey Mouse junior cos are diluting you TODAY for new projects. If $PDN can get operational with just $80m (given

$1bn in inflation adjusted $s ($600m book cost) has been spent by old shareholders for LH) you are not spending that $, and when the massive cash flows come through PDN can invest them in the other 320m lbs of Uranium assets with minimal dilution the operational gearing on your

$ is massive. Yes $pdn has been one of the best performing stocks and there is a huge temptation to find the next $PDN. My advice listen to the video and listen carefully to how the story is going to play out. $PDN is going to be one of the biggest monster winners In the U cycle

And dont be the idiot who sold apple after it doubled at $2. Ill say it again the fact that an idiotic crypto currency like dogecoin has a mkt cap 20x that of $PDN lets me realise just how much more room there is as some of the above catalysts- energy flows, U holding cos

Soaking up spot, $PDN restarting, retiring debt, and then discussing actively financing come of the new projects. We’re just at the start of the long road to owning your own