Lots of people asking me what do we do? Come on! Connect the dots. $cco $ccj clearly isn’t positioning for the uranium price going higher. So… sell Cameco and buy $u.un with the proceeds.
Just like Cameco fucked up by not getting aggressive in spot and wrote a butch dog shit contracts in q1 q1 and won’t admit it. All you people that loaded into $cco $ccj have made a mistake cause they are gonna work against a price rise in uranium and not deliver big returns
The sooner you admit the contract book they carry and the contracting policy they have is horrible the better. Cut your loss or take your profit. Buy $u.un and stay long a basket of stocks.
I wish $urnm would toss them out of the etf and buy more $u.un

I would if I was running it. Be bold. Take a stand. I like uranium companies that believe in higher uranium prices and plan for it.

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More from @BambroughKevin

18 Sep
If some uranium producers want to play games and offer below market prices only for utilities then imho they have picked a side. You think you can control the market and outsmart the financial guys? Well guess again.
You have basically declared war against the financial community that wants to enjoy a strong uranium bull market. You’re so out of your league it’s comical. You can’t control this market and it’s gonna run over you like a freight train.
You foolishly think that offering a few lbs of uranium below market for 2025 will be effect the market for more than an afternoon your even stupider than I thought.

It’s a piss in the ocean of capital that’s coming into nuclear power. Lol
Read 7 tweets
18 Sep
The biggest problem at Cameco is the same problem they had in 2003-2007 and that’s ego. Gerry Grandey thought he could control the uranium market. 0% chance of the price going to $50/lb he explained with glee as he told us how he could ramp up production and satisfy the industry
They take a view that price spikes are bad for them in the long run cause then other mines get financed and inevitably there will be over supply and low prices to follow. Fair enough. There’s a cycle in all commodities. But let’s call it what it is. They are timid & conservative
They think they this is the responsible approach and will create stability. But, to people who look at all the risks and understand it’s essential to not try to control your commodity market but instead change with the swings we view Cameco in a different light
Read 30 tweets
17 Sep
I wonder if the @Official_WSB crowd got around to reading this and thinking about it over the last few days?
Just consider:
$80 column 4 yr avg ~$58
$140 column 4 yr avg ~$65

$60 spot move and they pick up and extra $7

Wow! How exciting to be a $cco shareholder in a #uranium bull market!
Now continuing on with my early thoughts on this subject, what happens to their cashflow if we have a spike to $140 or higher?

If they need to buy spot #uranium in the market to deliver into contracts they they would lose ~$53/lb on those purchases!
Read 24 tweets
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.” 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
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

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