I’m willing to sell some Nymex #uranium futures this morning. Feb 2023 @ $180/lb just in case some utilities want to hedge. :)
It’s crazy that my offer is best offer in a no bid nymex market. Would love to build out these futures contracts so we have some more markers. If people collectively bid 400 contracts or more I expect some carry traders would fill.
400 nymex contracts x 250lb equals 100,000 lb

That’s how I got filled back in the summer but it might take a few days still.
Well… sure looks like we could go parabolic now. Who wants to sell #uranium or #uranium stocks when the worlds largest producer hangs out its steel balls and backs a physical #uranium holding company and plans to raise and initial $500mm.
I think Utilities and Fuel Buyers are gonna get the message. The days of bear market contracting are over. Get ready for a #uranium bill that is sky high just like your coal and gas costs. The financial market dwarfs them and the games they’ve been playing

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More from @BambroughKevin

19 Oct
This is a clear sign of pure panic on the market that copper is going to not be available. LME inventories could be drained completely. I think we will soon see the same in Molybdenum and Tin. Etc. Key industries are simply unable to get materials for manufacturing
We printed so much money and also have massive supply chain issues. Today I got a notice from a dealer I bought a snowmobile from (ordered 1 year ago)

Good news your snowmobile has arrived. Bad news is it’s missing parts. Gauges and chips apparently
Read 13 tweets
18 Oct
Curious what people think is a fair price to pay for Nymex Uranium Futures Feb 2023?

They trade with no volume at the moment but I own a bunch. I’ve been debating trying to see if I can create more and build out some contracts so there is actual trading of uranium futures
FYI. I’ve offering some out at $55/lb at times lately and never get hit. Seems cheap to me given spot is at $47-48 but perhaps the lack of liquidity is a turn off?
I’d like to work on creating more contracts and improving liquidity and @quakes99 has suggested to me that doing so would be good for the market. Trouble is that there are basically no bidders and I don’t want to sell what I have unless I can replace them.
Read 6 tweets
17 Oct
LDP. 44%. Next strongest party 12%. They will lead the a coalition government and I expect have the votes to approve the nuclear facility restarts

the-japan-news.com/news/article/0…
Let’s not forget that public opinion has been shaped against nuclear by a community of dreamers that don’t understand basic math. We now have a global power crisis because of the shortsighted leadership. Mainstream media is gonna do a complete 180 now.
Read 6 tweets
15 Oct
Capex inflation will be a killer:

Delays in underground mining as well as some deferred open-pit metal production have caused an increase in estimated incremental funding requirement to $3.6 billion from the $2.4 billion expected in July. mining.com/turquoise-hill…
“Total costs for the move underground is now approaching $8 billion, up from the Rio’s original budget of $5.3 billion set in 2016.”
I promise you many #uranium projects are gonna do this as well but be much more extreme. By the time many of our beloved little uranium companies actually update feasibility studies and update costs 2-3 more times along the road to production we will see capex 2-3x
Read 7 tweets
13 Oct
FYI. I’ve heard from a few people that @RealRickRule said the the easy gains have been had in #uranium and is pushing #gold as the better play.
I’ll let Rick chime in if he wants to discuss things. But I’m pretty sure he told me he was 2-3 years early last uranium cycle and sold mostly out a year before the peak. Probably happy with $65-75/lb
Yes he made a great pass on $pdn but we at Sprott under my recommendation bought in at $0.08 basically at the start of the bull and rode it to $3.50 before selling any and ultimately to $6+ for final shares
Read 14 tweets
11 Oct
Estimates seem to vary considerably. Standord.edu says: Nuclear is by far the best and I wouldn’t argue with them. There is no way and hell we can ramp up solar and wind to replace coal. Especially with out a massive investment in storage.
One of the benefits of deciding to focus entirely on investing for my sell from 1998-2002 then work only buy side at a hedge fund from 2002-2013 then return to just investing for myself 2013-2021 is I’ve been able to spend as much time as I want reading. (And I like reading)
the bulk of the last 24 years I haven’t had to engage in sales meetings, presentation crafting, filings, reports, staffing and or management. Big reason I left and decided to retire is I simply didn’t enjoy dealing with all the “bullshit”. Was always just interested in investing
Read 5 tweets

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