Thread by @BambroughKevin

Friday uranium thoughts into the close… not surprisingly. Buy more $u.un as a sure bet.

Chatted with several attendees from this weeks nuclear conference.

The take aways are significant.

I’m hearing that the utilities/ fuel buyers are still pissed, even more so.

Interestingly, after being on a buyers strike as they hoped the price jump would be short lived they are now actively seeking to contract. Willing to pay this price for years.

Feeling is that there will be willingness to contract with floors and escalators now.

For the first time since the start of the bull. People who said there was endless inventories available for spot now feel it’s drying up and lbs are very hard to source.

Former bears are now thinking we will soon break to new highs of $50lb and will certainly run to $55 quickly. (Which was my Christmas target from the summer)

Utilities now understand sput nyse will come as well as atm RE-up’s

I’ve also been given the impression that the utilities and fuel buyers are very slow at getting uranium mining info and digesting it. #uranium traders are just starting to look at the CRDN situation and the thought of even a year or two delay is obviously very dramatic

Over the next week or two you can be sure the utilities and fuel buyers will both be trying to digest the possibility of even a year or two delay for $nxe arrow deposit. 25-50mln lbs coming out of the supply forecasters models is hugely significant for the uranium market

I’ve reached out to JFK Law and the CRDN. Hope to be able to chat that with them and get a better sense of the magnitude of the problem and possible solutions.

Some people on Twitter clearly have a hate on for indigenous people.

Anyone who comments about extortion or makes racists or derogatory comments will be blocked. I’m done with you deplorable fukwitts. Ya, used the D word. Now go look it up in the dictionary if it upsets your and realize it’s an accurate and proper use of the word.

Racists are deplorable! Yes it’s that simple.

Now the people that are all upset about the CRDN don’t understand the law and the rights they have under the treaties they signed.

The province of Saskatchewan is powerless.

The Supreme Court of Canada is the arbiter.

I don’t understand why would spend huge dollars developing a resource and mine plan with out settling an iron clad deal with the FN band that has land use agreements through to production and reclaim action. At least a solid framework. For me that is step 1 before drilling.

Critics of the CRDN don’t understand who’s land this is? Perhaps try to imagine if you were a farmer or ranger and owned a huge quantity of land. And all of a sudden the state or province granted someone access to your land. They found a deposit of uranium what would you do?

In the USA on private lands often times the surface rights and the mineral / oil and gas rights are owned by different people.

Land owners in Pennsylvania don’t have to let coal companies mine underneath them. Taking out a 6ft seem disturbs the surface even when 400-600ft down

The mining companies all negotiate permission to mine under a property before they mine. They sort this out many years ahead as a first step before permitting.

It’s amazing to me the hypocrisy of some people when they believe in less government and private property rights

But they don’t like the FN people exerting their property rights even they have the longest standing property rights of any individual or group.

Again, ask yourself what you would do if your were the CRDN?

I would first say no mines, no way. Then wait. 1 year? 2 years?

Let’s see what happens to the market cap of the stocks effected? Let’s see what happens to the price of uranium? Let’s see how the rising price of uranium effects the npv of the arrow mine for example.

Then look at the gap between npv and market cap and negotiate a fair deal

Looking at the JFK law group website and the experience and expertise I think that’s what’s coming.

Savy lawyers know this playbook. I’m not the bad guy here. I’m just telling you what I think is gonna happen after talking to lawyers I know and reading the available public inf

The market hasn’t priced all this in. Get longer $u.un and out of $cco and into $kap

@Convertbond take note of this thread

Finally comment. For the first time I’ve heard long time traders in uranium use the $100/lb number in convo.

The idea that it’s going to go there is slowly creeping into everyone’s consciousness. As a contrarian, I will wait until everyone is talking about the all time highs

It may well break and exceed this highs but I will be exiting around about the all time highs when they come. On an inflation adjusted basis. $180-200/lb

At that time expect me to go quite until I’ve completed all my sales. I’m fine to share my entry points but not exits

The thing is with racists, they hate being called de·plor·a·ble far more than being called racist. Cause they hate the dictionary even more than they hate minorities. Racists are the dumbest of the dumb.