Ocean Wall Ltd Profile picture
Apr 1 12 tweets 10 min read
Thank you to @BloorStreetCap for yesterday's insightful #uranium discussion with some of the pioneers of the industry. A fantastic line up with in depth insight into all aspects of the #uranium sector.

Some of our highlights can be found the the thread below:
1/ “The world is recognising the science of nuclear power, not the false ideology.” – #NexGen CEO

“Price of #equities is screaming buy relative to the #spot price” – @uraniuminsider

“We’re on the cusp of a really really big move here [spot price]” – @UraniumEnergy
2/ #Sprott are seeing growing #institutional and #FO interest in the #uranium space. Very early stages of broad adoption by generalist #investors. Ciampaglia believes we are ‘just starting the second inning of this uranium cycle’.
3/ Last year was about true price inflection, 2022 is about looking for signals from the #term market. Best signal so far from #Cameco – 30m total term contracting in 2021, and 40m in January 2022 alone. Some utilities are ‘self-sanctioning’ and will not purchase #Russian uranium
4/ #DNN CEO, David Cates, highlights that previously low valued assets are starting to look profitable. We have highlighted the potential #M&A opportunities starting to emerge as previously low asset valued companies rise in value with the spot price.
5/ #NexGen described an impressive outlook. CEO, Leigh Curyer, described the company's upcoming #EIS as revolutionary for the sector - a 20k page document that will raise the bar for future submissions.
6/ Andre Liebenberg, CEO, #Yellow Cake Plc: Original shareholder register was 50% UK, 25% North America and balance #APAC. Current shareholder register is 50% North America, 33% UK, balance APAC. #ANU fund will no change the relationship between YCA and #SPUT
7/ #YCA continues to trade at a discount to NAV, Andre does not understand why. Potentially #KAP relationship but those who know the company and the story know this is not really a risk. The board would likely buyback shares if the company continues to trade at a discount
8/ Fantastic interview with Justin Huhm of
@uraniuminsider #ETF flows continue to come into the sector/600m in mandated buying from #ETFs since the start of the year. #URA & #URNM had a combined AUM of $200m in March 2020, now $3bn.
9/ Only ~70 publicly traded #uranium companies amounted to a total of less than $45bn. Reason uranium isn't moving in the same way as 2007 is the broader market is much more choppy. The only thing that has significant implications for spot price is demand flows in #spot market
10/ No #futures market makes prices more stable, events trigger action in the market, not news...
11/ Executive order banning future purchasing of #Russian #uranium will have an impact on the spot market activity. Hopeful of peace in #Ukraine. Prices will correct but only in the short term – #uranium is not part of the wider #commodity boom, it sustainable and here to stay.

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