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Kevin Bambrough

Mar 24 • 8 tweets • 3 min read

https://twitter.com/badcharts1/status/1492690443770998789

#gold the metal millennials say their generation doesn’t care about…

But, us Gen Z’ers also know they are a broke ass generation and experience extreme FOMO. They also pile into crap like $gme

It’s not a matter of if but when they greed buy gold.

https://twitter.com/badcharts1/status/1492690443770998789

Nearly everyone in my generation swore off #gold and #silver as relics in the late 90’s and piled into the future.. #tech stocks and #internet related businesses #dot-coms

Nearly everyone got their assess handed to them and destroyed a good chunk of their early savings

Savings that could have compounded greatly for them and worth a fortune 25 years latter had it been prudently invested in counter cyclical quality companies at the right time. But, contrarian investors performance, by definition, can only be achieved by a few.

The masses/herds make the waves and cycles. True contrarians enjoy surfing them for both profit and sport

The tsunami of cash that’s been created in just the last couple years is enough to make a 4-5x rise in #gold and #silver

$gdxj and $silj will undoubtedly help many contrarians retire as the massive chase both equities and physical.

There are immense quantities of fiat wealth are seeking inflation protection, are concerned about counter party risk. The amount of new global currencies that have come into circulation is beyond insane. We are in throws of peak central bank irresponsibility.

The boomer leaders should have been put out to pasture a couple of decades ago but these old ego maniacs cling to power and have been making devastatingly horrible decisions.

The wests misguided energy and monetary policies combined with war and poverty is sparking a powder keg of inflation and chaos that lead to immense human suffering.

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More from @BambroughKevin

Kevin Bambrough

@BambroughKevin

Mar 26

I often get asked what my opinion on Trudeau is. I don’t think he’s any more corrupt than our typical leader. He’s just not that sharp… Like most Canadians I’m skeptics about any politicians improving my life. I prefer to focus on working hard and controlling my destiny

Happy to pay my taxes and I think I’m very fortunate to live in a relatively free country with out fear of repression. I can call our leaders out and nearly every name on the book and not be tossed out a window in the night. For that I’m grateful because I think they all stink

I don’t ever care to vote for a leader. I would prefer to vote for a great administrator that truly seeks to implement the will of the people. More voting on issues with referendums and less picking between three shitty candidates that never have the majority support

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Kevin Bambrough

@BambroughKevin

Mar 25

My gut say Aussie uranium investors are spooked of getting slapped by more capital raises. $bmn trading near deal price of 22c. Who’s next to raise? Call me.. I might be interested in playing

Last commodity cycle I was at sprott and we owned 10-20% of companies we liked. So they would always call us and restrict us and discuss capital raising. We would give our support. Offer lead order and took down prorata so never diluted. Nice position to be in.

This cycle I often own fuck all of these companies. Max a just over a percent for most. I rarely get a call and but get a bit nervous and feel the need to take profits after large runs. Knowing the rally killing capital raising are likely coming and ya walk up to halted stocks…

Read 11 tweets

Kevin Bambrough

@BambroughKevin

Mar 20

Assessing / estimating #uranium demand isn’t about looking at the current spot market. When I talk about demand exploding, I’m looking at restarts, life extensions and new builds.

When we see announcements that Belgium or Finland are adding 10-20 yrs of life to their reactors

That instantly creates a large and unexpected jump in future demand. The #nuclear industry moves very slowly. The decision to extend life to reactors were not in the WNA supply demand forecasts that were already long term bullish. They are now wildly bullish…

But these utilities will still make purchases in steps. Official extension approvals must be papered, budgeting and financing sorted and approved. And the first effort to seek out future fuel supplies will be talking with fuel buyers who will put out RFP’s to mining companies

Read 26 tweets

Kevin Bambrough

@BambroughKevin

Mar 19

Another major extension for a couple #nuclear reactors. Instead of 5yrs, 8yrs for these two it will be yrs each. So, was 13yrs x 500k lbs, now 56years x 500k lbs of #uranium ~21.5 mln lbs of added demand. Just like that… world-nuclear-news.org/Articles/Fortu…

Restarts, extensions and new builds will just keep coming. With these Finnish reactors having been planned to shut down in a relatively short time they will likely have little to no surplus fuel beyond the expected life. Given the 2 yr fabrication cycle and obvious concerns…

About availability of conversion, enrichment and fabrication capacity due to Russian sanctions and Geo risk, aggressive #uranium contracting will need to occur quickly to make sure supplies are available and in the fuel cycle asap

Read 9 tweets

Kevin Bambrough

@BambroughKevin

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