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Kevin Bambrough Profile picture
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Mar 9 • 4 tweets • 1 min read
$56.50 trades
Bid ask 57.50/58
Sellers going to disappear
$58/lb trades #uranium ripping now

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More from @BambroughKevin

Kevin Bambrough Profile picture
Mar 10
Take note: Fuel buyers have been warned for years. We flat out told them this would happen. That they need to just be reasonable and fund 1st world #uranium mining production. That they should prepare for a bull market and new nuclear builds, extensions and restarts.
We told them that they should rely on Kazakhstan so much and certainly not Russia. But they put small dollars ahead of national security and for that matter global security.

We started finding SPUT $u.un $sruuf to buy #uranium because we could see this coming.
But they refused to buy. I’ve heard how angry some are and stubborn. Thinking they can wait out investors and somehow the price would come back down.

Even the worlds second largest producer argued in conference calls that we wouldn’t get a spike in pricing
Read 7 tweets
Kevin Bambrough Profile picture
Mar 9
⁦@alejocardot⁩ is an amazing forensic accountant. When few could see the blow up of major Canadian debt funds coming, he could. Sadly billions to be lost… the cowards that promoted this crap are running for cover I hear. opmglobal.com/opmwire/globe-…
I imagine @ninepoint execs looking in the mirror and practicing the phrase ‘I do not recall’

Ya know why Alex found you? It’s not me that tipped him off like you are paranoidly suggesting to people… it was cause he googled ‘fund manager never had a loss’
Someone should be contacting @alejocardot to make a documentary film about how he fled his country because uncovering corruption meant he might be killed.
Read 13 tweets
Kevin Bambrough Profile picture
Mar 8
Let me get this straight…USA banning Russia energy commodities but seems to be indicating they still want the #uranium

Japanese and Europeans talking of restarts, life extensions and new nuclear builds. Talking about wanting to get off Russia gas.. limit imports asap
So the entire western world is basically admitting they want/need Russian #uranium and enrichment services.

You don’t have to be a rocket scientist to imagine what Putins next move will be. Since the value off all Russian uranium exports to USA is likely sub $1bln per year…
Based on contracts and typical supply levels… I think it’s fairly obvious Putin will say no #uranium

They amount of money Russia makes per day off of oil gas and coal is more per day than they make in a year off #uranium

I also believe Kazakhstan exports will come into play.
Read 5 tweets
Kevin Bambrough Profile picture
Mar 8
@goldseek Probably around $500/lb. 10x. Must remember that we are talking about US$2bln worth or #uranium at todays price. Even 5x or $250/lb it’s only $10b. Some fucking nickel company has got ~$12bln in loses in the futures market at the moment…
@goldseek $500/lb adds a few cents per kWh. It’s seriously fucking irrelevant. Germany dealing with spot electricity prices of $350 euros per MWh. The world doesn’t give a shit about #uranium prices. That’s why they will go north of $200/lb on this cycle.
@goldseek Someone can double check the math here’s..

350 euros per mwh is about 38c a kWh

#uranium price change of $25/lb change (say from $25 to $50 per lb U3O8) takes the fuel cost up 0.12C per kWh

$100/lb move up is 0.5c
$200/lb move up in uranium is will be 1c per kWh
Read 12 tweets
Kevin Bambrough Profile picture
Mar 8
BREAKING: Biden announces USA banning all imports of Russian oil and ‘energy’
Imho all exports from Russia will be banned before this crisis peaks. We should not buy or sell a single thing from them. Maximum pressure is needed

Europeans talk of turning down the thermostats in homes 1 degree. Give me a fucking break… is that the best you can do?
Starting point should be 5 degrees.. put on a fucking sweater and a couple blankets on your bed.

Innocent Ukrainians are suffering with little food, no electricity and are burning wood to melt snow for water in major cities.
Read 4 tweets
Kevin Bambrough Profile picture
Mar 8
One thing to watch for is Sput to start to really run because I predict Sprott will be forced to slow the ATM.

Availability to line up accreative #uranium purchases will become increasingly more difficult and they can’t issue shares if they can’t buy #uranium below NAV
I expect utilities and likely a major #uranium producer must now get very aggressive in the #uranium market. Talk is growing of Russia being cut off or choosing to cut off #uranium shipments. Especially to the USA.
Also with plans being made to extend the life by many reactors for 10yrs plus and restart reactors is going to cause large and immediate purchases of #uranium in this environment we could see $200/lb uranium in a matter of months if not weeks
Read 4 tweets

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