@AtomicCorp announced that the Credit Committee meeting to review the #DASA funding opportunity has been postponed, much to the disappointment of many. But why? What are the options if this becomes unviable?
2/10
The press release ended up creating more confusion than providing clarity. $GLO is in constant contact with the banks involved, but at the last minute, there were new questions that needed answers? Questions related to what exactly?
Jun 7 • 19 tweets • 6 min read
$NXE 🇨🇦 The #RSU Mystery
/1 🐸
On May 1, I applauded @NexGenEnergy_'s compensation strategy for not adopting RSUs. But everything has changed since then.
This thread will reveal @leighcuryer's sophistic deflection tactic when responding to questions about RSUs.
/2
In the 2023 MIC, $NXE specifically mentioned #RSUs. They considered that RSUs:
1. Can be dilutive 2. The markets might view it negatively 3. Are not tied to stock performance
(Note: RSUs can be granted by issuing new shares or using treasury shares. More on this later on.)
Jun 6 • 24 tweets • 5 min read
CFAs versus Captain Ahab's, a tough choice
Since most people misunderstood the intentions of my earlier post regarding $DNN & $NXE's 🇨🇦 CEO's CFA curriculum and lack of expertise in building and running novel #uranium mines, let me try a bit harder to convey my thoughts.
/1 🐸
/2
The CEO of a junior miner is akin to a ship's captain, responsible for steering the vessel & ensuring the crew works in harmony. They oversee the entire operation, fostering effective communication & collaboration among departments like geology, engineering, and metallurgy...
I had to cut the previous thread short due to technical & time issues, failing to address some final observations & conclusions. Let me first summarize the inconsistencies & contradictions I observed.
Leigh admitted they could have bought #uranium earlier, confident in rising prices, but didn't convincingly explain the delay. Instead, he deflected by claiming their purchase astutely avoided driving up the spot market price, which wasn't even a concern raised by anyone.
May 16 • 22 tweets • 8 min read
$NXE 🇨🇦 Q1 2024 Earnings Call Analysis
1/22 🐸
Why did they purchase #uranium with debt? Did they provide coherent and consistent reasons? Are @NexGenEnergy_'s @leighcuryer & @travmcph as astute as they claimed on the call, or is this management team -at best- incompetent?
2/22
Leigh Curyer mentions during his remarks that the procurement of 2.7 Mlbs of #uranium "now is logical, given our stage of development in approaching final permitting."
Greenfield developers should logically procure supplies when approaching final permits?
May 9 • 25 tweets • 10 min read
$NXE 🇨🇦 Skeletons in the Closet
1/25 🐸
In this thread, I'll share my initial findings on a matter related to @NexGenEnergy_. I'll provide facts, make assumptions, and draw some connections. Please note that I’m not a mining engineer or an environmental regulatory expert. DYOR.
2/25
I've only scratched the surface, so keep that in mind. There's still a lot of material to go through, but I felt compelled to share my preliminary findings because I consider this information material for shareholders.
Let's begin with...
Apr 27 • 14 tweets • 5 min read
Recently, @hkuppy was interviewed by @JackFarley96, discussing his views on #uranium. His strategy: direct exposure to physical uranium, a solid approach.
However, his analysis of the miners relies on flawed assumptions. This thread will present a few counterarguments.
1/14 🐸
2/14
Jack questioned Kuppy about why he avoids investing in #uranium miners. Kuppy's arguments included:
1. They forward-sold most of their pounds at $70lb.
2. The spot price will go straight up and then straight down because there'll be an epic supply glut again.
Apr 24 • 22 tweets • 6 min read
$GLO 🇳🇪 My Risk/Reward Strategy
1/22 🐸
In March 2022, $GLO traded at a -53% jurisdictional discount compared with its 🇺🇸 peer, $UEC. Since the July 2023 Coup, that discount has grown to a -90% discount. Is this justified? Has #Niger become uninvestable? Will $GLO ever recover?
2/22
While $UEC's market cap has doubled, $GLO's market cap has decreased by 55%. To return to its previous jurisdictional discount of -53%, GLO would need to see a 411% increase, assuming UEC and the broader #uranium market do not rise further.
Apr 15 • 13 tweets • 5 min read
#Mali 🇲🇱 @BarrickGold Expropriation?
1/13 🐸
@JfCollinso95293, one of the critical voices that opposes some of my views was so kind to share a news update on Mali and reports signaling the Junta might be considering nationalizing producing gold miners.
Let's dissect this...
2/13
@globeandmail reports that @BarrickGold is facing uncertainty in #Mali 🇲🇱. It cites two reports. One comes from the @ADFmagazine, published by the @USAfricaCommand 🇺🇸, and the other from @TheAfricaReport, run by @DBenYahmed, a French 🇫🇷 incorporated media company.
Apr 14 • 17 tweets • 6 min read
$GLO 🇳🇪 Risk Scenarios Analysis
1/17
The Junta has invited Russian 🇷🇺 military trainers into #Niger. While many expect this to be the end of US 🇺🇸relationships with #Niger, US officials keep repeating that diplomatic discussions are ongoing.
Let's assess the worst outcomes.
2/17
The greatest risk for $GLO 🇳🇪 is unlawful expropriation. Although not impossible, I consider the risk to be low, with no recent precedents in Burkina Faso or Mali. Seizing & developing an asset is challenging; #Niger collecting taxes & royalties tends to be more beneficial.
Apr 2 • 25 tweets • 10 min read
$NXE 🇨🇦 #UGTMF Risk Analysis
1/25 🐸
The Underground Tailings Management Facility is central to @NexGenEnergy_ ESG approach for #uranium production at Arrow. Potential regulatory/technical issues could set the timeline back by years.
Ps: I'm not a mining/environmental expert.
2/25
During the Q3 2023 Earnings Call, @leighcuryer addressed federal regulator queries, labeling the 48 flagged items by CNSC as "fairly immaterial" and assured $NXE could quickly respond.
Let's take a step back before I show why I consider this an underrepresentation of risk.
Mar 10 • 21 tweets • 8 min read
$GLO 🇳🇪 #DFS Update Analysis
1/21
The '24 Study has extended the #Dasa Mine Life from 12 to 23 years, Mineral Reserves have increased by 50% to 73Mlbs U₃O₈, and #uranium production from Dasa has increased by 55% to 68.1Mlbs. But AISC increased by 42% 👀
Let's analyze further.
2/21
If we compare the $GLO 2021 DFS with the 2024 DFS, it becomes obvious that despite the increase in mineable resources by about 50%, the NPV⁸ basically remained the same, while the IRR has dropped significantly. This is in part due to the higher AISC.
A preview of my upcoming deep dive into $NXE's potential financial tricks, technical hurdles, and unique risks. We begin with a low-hanging fruit: Management compensation🚩
The full report will be released in due time...
2/19
Let's properly analyze @NexGenEnergy_'s Executive Compensation Peer Group Benchmarking, like nobody else has done before. It took me mere seconds to detect the shenanigan🚩
Key themes:
1. Why this benchmark is flawed 2. How they veiled it without misrepresenting the facts
Feb 23 • 50 tweets • 19 min read
$SUU 🇨🇦 Financial Shenanigans🚩
/1 🧵
Disclaimer: I have no position (short/long) in @Strathmoreplus. All the information provided has the sole intention of informing current & future shareholders. I have not done a deep dive; I have only focused on selected key issues. DYOR
/2
@Strathmoreplus was originally incorporated on May 8, 2007 under the name “Crazy Horse Resources Inc.”, a Philippines-focused🇵🇭 copper-gold exploration company. Around 2014, Devinder Randhawa took the helm as CEO...
Feb 13 • 18 tweets • 4 min read
$CCJ Q4 2023 Conference Call - 1/18 🧵
Following the latest $CCJ call, a flurry of speculation, defenses, and attacks erupted on #Utwit over the last few days. I feel compelled to express my views in a small thread because conversations on this platform are challenging to have.
2/18
First off, I harbor no animosity towards @cameconews or its executive team. I hold Grant in high regard; he's a very wise and committed individual, breathing #uranium & nuclear power. However, there are some points I'd like to critique...
Feb 11 • 12 tweets • 2 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter Six (6/6): Investment Time-frames
1/12🧵
2/12
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy mineral sector considering a position in #uranium. Feel free to correct any flaws.
Feb 11 • 14 tweets • 3 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter Five (5/6): Cost Implications for End Users
1/14🧵
2/14
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy mineral sector considering a position in #uranium. Feel free to correct any flaws.
Feb 11 • 14 tweets • 3 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter Four (4/6): Liquidity and Pricing Mechanisms
1/14 🧵
2/14
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy mineral sector considering a position in #uranium. Feel free to correct any flaws.
Feb 11 • 15 tweets • 3 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter Three (3/6): The Contractual Nature
1/15 🧵
2/15
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy metals sector considering a position in #uranium. Feel free to correct any flaws.
Feb 11 • 15 tweets • 3 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter Two (2/6): Supply versus Demand Elasticity: Lead Times and Sunk Costs & Exploration and Extraction Difficulty
1/15 🧵
2/15
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy metals sector considering a position in #uranium. Feel free to correct any flaws.
Feb 11 • 14 tweets • 3 min read
#Uranium versus Oil, Gas, and Coal Market Dynamics: A Financially Illiterate Comparative Analysis 🐸
Chapter One (1/6) : Market Sensitivity and End-User Applications
1/14 🧵
2/14
Disclaimer: I am not an authority on anything, let alone the energy markets. The sole intention here is to stimulate further analysis & insights. I think this is vital for those in the energy metals sector considering a position in #uranium. Feel free to correct any flaws.
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