Share this page!

Kevin Bambrough Profile picture
Twitter logo
20 Sep, 5 tweets, 1 min read
I don’t have a Bloomberg anymore. Can someone do a chart of $cco $ccj vs spot uranium 2003-2007. Looking for relative performance of Cameco vs spot when it went #uranium when from $11 - 140/lb

This is when we started buying u stocks, uranium and $cco last cycle. Thanks!
Try to pick start date when uranium was $11/lb and end date $140/lb

Could also show relative performance of cco vs uranium this cycle from March 2020 lows.
As I look at the chart of cco from the March lows it did 5x. Cause it was down 50 percent when uranium was flat through March. Not a fair comparison I’d like to see the chart from Jan 2020 until now. Uranium vs cco. And then also compare that to last cycle.
Point being that bad contracting hurts and limits the performance relative to spot uranium
Eyeballing the charts

Ccj 9-10 to 22.5 = 2.5x

Uranium 24-25 to 50-51 = 2x

Dog shit return given the move in the commodity price if you ask me

• • •

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!

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 @BambroughKevin

Kevin Bambrough Profile picture
21 Sep
Another question I think needs to be asked of all uranium producers is: have you offered lbs forsale in the uranium market stating that the lbs are only available to be purchased by Utilities?
There is definitely a producer that has done this and since the uranium market is not regulated they can get away with it for now. But, I think it’s important for investors to try to figure out who is playing games in the #uranium market.
In any other market this would be considered illegal manipulation as it creates a bifurcated market and has the potential to artificially inflate the spot market or influence to suppress it when below market dumping occurs in outer years.
Read 5 tweets
Kevin Bambrough Profile picture
20 Sep
Again, here’s an example of how an uncontracted emerging uranium producer performs in a uranium bull market. Note it peaked with the uranium price. Smoked it in performance from the early days but kept pace still in the rounding top (thx Ross Clark) Image
Here’s $cco again not benefiting much as soon as the price of uranium really started to run. Its contract book was a drag on it last time as it will be this time. Conclusion. Sell $cco and ride $u.un if you believe in uranium bull thesis. Image
Stock wise long uncontracted emerging producers and quality exploration cco’s with real assets that will be take out targets.

Will be nibbling now thru wed. Hard to pick the bottom but urnm I’m the $70’s looks good. Doubt it touches the summer highs ~$71
Read 4 tweets
Kevin Bambrough Profile picture
19 Sep
$cco $ccj largest shareholder is T Rowe Price. ~20%

troweprice.com/content/dam/tr…
“We believe each activism campaign represents a unique set of conditions that have combined to create an inflection point for the company”
“…involved. We have a responsibility as engaged, active investors to assess each situation on its own merits.”

Happy to chat T Rowe Price! DM me
Read 4 tweets
Kevin Bambrough Profile picture
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
Kevin Bambrough Profile picture
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
Kevin Bambrough Profile picture
18 Sep
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.
Read 4 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 @BambroughKevin has new unrolls!

Check out other threads from @BambroughKevin!

Read all threads by @BambroughKevin

:(