$DEV 🇦🇺 #KP
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𝐿𝑒𝑡'𝑠 𝑔𝑒𝑡 𝑣𝑖𝑠𝑢𝑎𝑙, 𝑣𝑖𝑠𝑢𝑎𝑙
𝐼 𝑤𝑎𝑛𝑡 𝑡𝑜 𝑔𝑒𝑡 𝑣𝑖𝑠𝑢𝑎𝑙
𝐿𝑒𝑡'𝑠 𝑔𝑒𝑡 𝑖𝑛𝑡𝑜 𝑣𝑖𝑠𝑢𝑎𝑙
𝐿𝑒𝑡 𝑚𝑒 ℎ𝑒𝑎𝑟 𝑦𝑜𝑢𝑟 𝑜𝑟𝑒𝑏𝑜𝑑𝑦 𝑡𝑎𝑙𝑘, 𝑦𝑜𝑢𝑟 𝑜𝑟𝑒𝑏𝑜𝑑𝑦 𝑡𝑎𝑙𝑘
𝐿𝑒𝑡 𝑚𝑒 ℎ𝑒𝑎𝑟 𝑦𝑜𝑢𝑟 𝑜𝑟𝑒𝑏𝑜𝑑𝑦 𝑡𝑎𝑙𝑘 /2

In 2021, @DevExResources 🇦🇺 introduced the 𝗞𝗣 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁 in an ASX update, noting a significant Radon Track Etch anomaly ranked in the top 1% of all regional data collected. $DEV highlighted this strong signal as a promising indicator in their exploration efforts.

$GLO 🇳🇪 Stephen Roman Interview
1/20

Roman:

The current $40M cash balance will take $GLO into Q1 2025, but more is needed to cover the full Quarter. Much of the equipment, including the largest component, the acid plant, has already been paid for and is arriving at the site. 2/20

Stephen Roman:

"We have had to do some financing to keep the schedule and momentum. Unfortunately, we had to raise at this price with those warrants, but if things materialize over the next three to four months, we’ll have a different story."

$GLO 🇳🇪 𝗦𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
1/25

@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?

$NXE 🇨🇦 The #RSU Mystery
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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.)

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...

$NXE 🇨🇦 Q1 2024 Earnings Call Analysis (Part 2)
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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.

https://x.com/PraiseKek/status/1791184944565211533

/2

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.

$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?

$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...

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.

$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.

#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.

$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.

$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.

$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.

$NXE Financial Shenanigans🚩
Introduction Thread 1/19

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

$SUU 🇨🇦 Financial Shenanigans🚩
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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...

$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...

#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.

#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.

#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.

#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.