Share this page!

John Quakes Profile picture
Twitter logo
5 Jun, 4 tweets, 3 min read
#Uranium: Was 2020 The Turning Point?!↪️⚛️⛏️ Canaccord Genuity Uranium Analyst Katie Lachapelle provides her take on what she sees as the turning point in the Uranium Market.🚀 Excellent!🤠🐂 #mining #stocks #investing #Nuclear #Energy #NetZero #ESG 🌞🏄‍♂️

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with John Quakes

John Quakes Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @quakes99

John Quakes Profile picture
22 May
Q: Are #Uranium #stocks overvalued vs Spot #U3O8 price?🤔 A: No. Global X ETF $URA used to track lock-step with Spot U but decoupled in 2018 after $URA changed from 100% to 50% U stocks.⤵️ Now, $URA has recovered to match the >70% rise in Spot U since November 2016 bottom⤴️ .../2 Image
2) You see.. in early 2018 Global X #Uranium ETF $URA held >US$400M AUM 100% in U #stocks, but changed its Index to just 50% U stocks.😡 $URA then dumped >$200M worth of U stocks into tiny U sector,⤵️ decoupling $URA from tracking U Spot price.🔀 Investors exited U space🐻 .../3 Image
3) But, in August 2020 Global X #Uranium ETF $URA increased its weighting of U #stocks from 50% to 75%, buying large volumes of U stocks🚛 which pushed up share prices↗️ and produced a Bullish market signal.🐂🛒 Investment firms began piling back into $URA & U stocks again⤴️.../4 Image
Read 4 tweets
John Quakes Profile picture
16 May
If you're new to #Uranium & #mining #stocks in general👼 then I hope this thread will help you to understand why this mined commodity⛏️ used for #nuclear reactor fuel⚛️🌞 is famous for delivering extraordinary life-changing returns when it enters, as it is now, a boom cycle🚀...2
2/ #Uranium is a cyclical commodity🔃 that goes through boom & bust cycles based on supply vs demand imbalances⚖️ magnified to extremes by supply security fears😨 as there is no available substitute fuel for #nuclear reactors & production is concentrated in so few countries .../3
3/ Like other commodities, #Uranium rises in value when supply is scarce🏜️ which in turn triggers more production to meet demand⛏️ but because its the most regulated mined metal📚 subject to the greatest environmental scrutiny,🧐 bringing new mines online is costly & slow🐌 .../4
Read 11 tweets
John Quakes Profile picture
25 Feb
"I'm bullish" said Treva Klingbiel, President of leading #Nuclear fuel consultants TradeTech, who gave a very bullish #Uranium Market update at today's PI Financial Uranium Day webinar.👨‍💻 I'll try to cover her main points in this thread (apologies if I get anything wrong) .../2
2/ Bottom line: New #Uranium mines needed, especially in back half of this decade after idled mines restarted. #U3O8 price tailwinds are depleted reserves, lack of investment, increasingly restricted supply, mounting uncertainty over timely arrival & cost of new mined supply../3
3/ #Uranium Price headwinds are reduced #nuclear demand from potential early reactor retirements, lower costs for (re)emerging mines, stalled utility buying due to market uncertainties, competition from other energy sources. Utility concerns continue to delay procurement .../4
Read 12 tweets
John Quakes Profile picture
7 Feb
1) With many #Uranium Explorers now actively drilling in #Canada's #AthabascaBasin⛏️ perhaps it's time⏳ for a thread on how to interpret drill data coming soon🔜 in news releases.📰 Misunderstanding data can lead to premature exit... selling when ya shoulda been buying.🛒 🥴
2) #Uranium explorers drill rock core samples looking for signs of #U3O8 bearing ore.🧐 Rarely do they ever hit high-grade on first few attempts.😟 Geologists first look for visual signs in the core samples... here's description from pre-discovery 2013 drilling at Arrow (Rook 1):
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.🌡️
Read 11 tweets
John Quakes Profile picture
28 Jan
Excellent TD #Uranium presentation by Grant Isaac of Cameco $CCO $CCJ today (replay coming). Here are some points:
- Cigar remains down, no restart date yet or estimate on rate of production recovery after it restarts
- SWU/Conversion robust⤴️ & expect U price to follow↗️
.../2
2/ - On-market term contracting not there yet but Off-market pipeline is back to pre-Fukushima levels
- Substantial uncovered demand with #nuclear utilities so far purchasing just 20% of needs. Delayed contracting will lead to more rapid price rise when contracting heats up
.../3
3/ - Cameco is not looking to increase their contracting beyond current 20M lbs/yr over next 5 years as that would force them to buy more Spot market material = Strategic patience
- 2020 global production down to 120M lbs & 2021 supply risk (COVID) greater than demand risk
.../4
Read 6 tweets
John Quakes Profile picture
1 Oct 20
#Uranium Market Update in a nutshell🥜 #U3O8 continues to be a best performing commodity of 2020, up 25% YTD, up 69% from its bottom in November 2016.🐂📈 #Nuclear power growth remains robust ⚛️🏗️↗️ Demand at 182M lbs/yr & rising, Supply deficit ~60M lbs, -317M lbs by 2026⛏️⏬🗜️
#Uranium has strong #bullish outlook 🐂🔮 #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.⌛️
With such strong #Uranium supply/demand fundamentals, why is #U3O8 market rebalance taking so long? 🤔 Trade Issues, Russian Suspension Agreement, #COVID19 have sidelined #nuclear utilities BUT trade issues nearing resolution, utilities getting back to work, #China going all-in🏗️
Read 6 tweets

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/month or $30/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!

Follow Us on Twitter!

Like this author's thread?

Get emails when @quakes99 has new unrolls!

Check out other threads from @quakes99!

Read all threads by @quakes99

:(