This is a very constructive day as after the big 2 up days we had sput is doing volume at a healthy premium. Given its drop and premium shrink my bet is many took profits in the morning on mining stocks
But the resilience is a sign of strong new buyers. The diamond hands are coming in and taking stock away from longer term holders that have made incredible gains already. Can’t blame some for taking what’s already been life changing gains.
But it’s the action like that that shakes out the original bull riders. The patterns change and we are now in that more steep wide mouth column and it’s time to consider the use of semi log charts to look for new extremes to be hit
$palaf $pdn gets added to the ASX 300 Friday. Interested to see how the next few days trading goes.
Personally I’ve been long $pdn $palaf since the start of the bull. I trimmed a little to add $lot $el8 and make a leveraged physical uranium bet. The ASX 200 addition come as well next quarter or two.
Shares that will be bought over the next few days by ASX 300 funds will not be sold for probably 20 years assuming the nuclear revolution proceeds as planned. Same for the future ASX 200 fund buying.
I also believe in a commodity bull market continuing and the ASX 200 and 300 will likely be the recipient of large inflows from around the world going forward so more $pdn $palaf shares bought.
I like catalyst investing and we have these additions plus eventual mine restart coming ahead. With the uranium price moving higher I’m happy to sit back and watch these index funds try to buy other peoples shares.
There may be a pop and a bit of sell the news. But I believe it will be digested quickly and the market will look ahead to the future index fund additions and Paladin returning to production and cashflow in a spiking spot market.

• • •

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

Keep Current with Kevin Bambrough

Kevin Bambrough 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!


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 @BambroughKevin

16 Sep
“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.”…
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
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
Read 13 tweets
16 Sep
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
Read 8 tweets
15 Sep
Hello Fuel Buyers, are you starting to understand what’s gonna happen in the coming months?

When spot Uranium jumps $3.50 to $49/lb it actually attracts more money to the sector. More money in $urnm and more money to $u.un
The investment community looking for ‘squeeze plays’ doesn’t get sticker shock, they get excited. The $3.50 jump is just confirmation that people like me will be proven correct and the price will run and break the all time highs. $180/lb inflation adjusted
The $3.50/lb price jump is confirmation that the financial community has the utilities caught in a squeeze.

Would be sellers of uranium will continue to lift offers and fear selling in this environment.
Read 6 tweets
15 Sep
As I see $pdn crossing $1 and being added to the ASX 300 feel a great sense of accomplishment cause this time I nailed the bull market in Uranium on my own. I don’t have to argue with co-workers about who made the uranium call this cycle as people try to take credit for my work
Also the gains are mine, I don’t have to stress for months and wait for ‘the big guy’ to get around to calling me into his office to ‘have the bonus talk’. I don’t have to plead my case and wait for others to decide what bonus I deserve for making the clients money
I don’t have to make my rounds and have one on ones with a bunch of partners in the firm and argue with them to try to get my fair share of the fees I generated. So much bullshit I’m so glad to not have to deal with anymore. :)
Read 5 tweets
14 Sep
Well, I’m long 1mm+ shares of $mno.v now

Chatted with @METhompson72 about the project in the summer and have been picking away ever since. I find I’m waking up in the morning with the latest drill results stuck in my mind and feeling the urge to get a bigger position.
Huge Brazilian land package with the last two rounds of drill results being some of the best holes I’ve seen in my entire life. The value / grades of the copper holes make it an excellent huge copper play with amazing economics regardless of the copper price
The value / gold grades over huge widths would make it an excellent stand alone gold mine as well. With both high grade gold and copper it simply blows my mind and I find it surfacing in my dreams. This is a $5/sh company in the making even if the gold and copper price stays flat
Read 18 tweets
13 Sep
Fuel buyers / utilities. I know your getting angry and emotional but you brought this on yourselves. You can sit on your hands and tell each other that you’re gonna wait this #uranium spike out and refuse to buy but your just gonna look even more stupid the longer you wait.
You guys bankrupted the #uranium mining industry to chose to not contract at fair prices and secure your future needs.

Now you are angry cause you didn’t see this coming and your fragile egos are preventing you from admitting your were wrong.
You guys are on the wrong side of what the financial world is a suicide short. We know you will pay up and must buy uranium. We are prepared to buy hold and wait as long as it takes for you to crack. There’s a date on each of your calendars when we know you will have no choice
Read 10 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!