I picked up few of the popular Uranium stocks and threw a couple grand in back in September of 21

None of them have done particularly great

I own;

SRUUF -The Sprott physical trust which is like PSLV but for Uranium -Pretty much Even
FCUUF -Fission Uranium Corp -Down 10%
DNN -Dension Mines Corp -Down 2%

You bought during the Sprott fomo, the absolute worst time. I had fomo too and was adding to my positions at the time and made a couple of less than stellar moves. To raise cash, I sold some of my Great Bear for about $10 that sold to Kinross for $22 bucks on Dec 8th.

I did, however keep buying all through the dip that followed and I’m doing quite well now but I started buying in Nov ‘20. Hodl because I think we’re just getting started. I am still a buyer at these prices. I have a lot of cash from the GBR/Kinross deal that I keep funneling into U stocks.

I'm diamond hands, def not selling!

uranium conference 3.0 is on now

John Campaglia said were are only in the second inning.

ETA: For anyone interested but "TLDW" watch at least the first guest, John Campaglia, from Sprott.

Gee I frickin hope so ....I'm basically at break even right now with the gains in some and losses in others.

I was watching this live, and for some reason google searched uranium and saw that there was also a live Senate hearing about critical minerals including uranium was going on. At the same time!
After hearing Sprot, I tuned to that and it was way more...  impactful.

You can see it here. Senate hearing on domestic critical mineral supply chain

ETA: I'm long CCJ and UUUU.

Spot U price reaches a new 52 week high. SRUUF made it's new 52 week high today as well. Miners are still on sale. Many, if not most of, the miners are below prices they were at last November when spot U was much lower.

Spot #uranium 6050/6200 USc/Lb #U3O8 (Delivery at ALL , Chg +113c, +1.84%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) April 6, 2022

Aaaand the North Shore Global Uranium Mining trust ETF is now officially the "Sprott uranium Miners ETF" and will list on the NYSE, I believe under new name, same ticker, on April 25th.

This is big. Sprott has a huge client list with deep pockets that were just waiting for this to happen. Sprott taking over and moving to NYSE opens this up to a lot of funds that wanted to, but could not participate before. Now Sprott owns the ETF and the mechanism to drive prices higher. Remember, SRUUF the physical uranium trust, only purchases uranium, there is NO MECHANISM TO SELL. Once they buy it, it goes into storage forever. If the price of uranium goes down, the trust will just trade at a discount to NAV. If it goes up more than 1% premium to NAV, they buy more uranium. When they buy uranium, that drives the price up which drives up the price of the stocks in their ETF. They buy more stocks for the ETF which drives up the price etc etc it is its own, positive feedback loop.

Thank you for making this happen! $URNM pic.twitter.com/LwhtLfQ9NW

Sprott Asset Management  (@Sprott) April 6, 2022

ETA: Sprott is still working on moving SRUUF to the NYSE.

The detachment of miners from spot price has also happened in gold, but the opposite direction. Miners and royalty stocks in gold are at or above where they were when gold was $150/oz higher on 3/8. The stocks never came down, and some like RGLD went up from there.

For gold, I'm purchasing the imho discounted physical metal and leaving the pricier miners alone. Uranium, I'm loading up on the miners. UUUU at $8.60 with spot uranium somewhere near $60 is just a gift.

I have been buying a lot this last pullback. I made a lot of money on Great Bear that I’ve been putting into U stocks.

Spot Uranium up another buck.

European Parliament has voted to ban the importation of uranium from Russia, so I think it's safe to assume this means no deliveries on current or future contracts would be allowed into the EU. Utilities would call Force Majeure on their contracts to seek compensation. Cheers!

John Quakes  (@quakes99) April 7, 2022

Spot #uranium 6250/6300 USc/Lb #U3O8 (Delivery at ALL , Chg +100c, +1.59%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) April 7, 2022

Spot #uranium 6275/6325 USc/Lb #U3O8 (Delivery at ALL , Chg +50c, +0.79%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) April 7, 2022

In case you still have doubts about a continuation of Spot #Uranium uptrend\uD83D\uDE1F #Nuclear fuel brokers @Numerco now report a +50c rise on the Bid as Sellers also push up Asks, so we can expect an update soon showing another move higher to at least $62.75/lb #U3O8. The chase is on.?? pic.twitter.com/2rmbBKPYVX

John Quakes  (@quakes99) April 7, 2022

Yee-Haw!\uD83E\uDD20\uD83D\uDC02 Fission #Uranium $FCU $FCUUF Becomes Debt Free After Repaying Credit Facility; Holds $40M in Cash & Continues to Advance Feasibility Study on Schedule for world's largest high-grade "near surface" PLS deposit in the #AthabascaBasin????#Mining  https://t.co/c3CtoJD2EA

John Quakes  (@quakes99) April 7, 2022

has anyone invested in any uranium refining companies? Yes they are going to have higher costs but russia was doing most of the refining and have been cut off...

interesting, I hadn't thought about that.

I'm not sure what "refining" is for U308. I believe the big miners do their own processing to fuel condition for the utilities.
Not to be confused with enriching, which I'm pretty sure isn't outsourced.

ETA: Recycling spent fuel is a thing, and I just looked and Orano seems to be the big one for this. Half nationally owned by France, half by other private companies. But this is definitely an aspect of Uranium to look into so yep, good idea.

here is one example of a refiner

https://www.ltbridge.com/

here is another one

https://www.centrusenergy.com/what-we-do/nuclear-fuel/high-assay-low-enriched-uranium/

The fuel cycle is several stages. First you dig the ore out of the ground. Then you refine the ore into yellow cake, U308. Then you have to convert the U308 into UF6, uranium hexaflouride gas. Then you put the UF6 in a centrifuge and spin it to separate the isotopes into fissionable products. That’s enriching. That whole process takes 18 months to a couple years.

Beside the US government, there is only one company that I know of that has centrifuges and they just shut down a couple years ago. They are starting back up but it will take time. Converdyne is the name I think.

It’s more complicated than that, but that’s basically it.


ETA:

Looks like a trading pattern is emerging.\uD83E\uDD20 Spot #Uranium price was leaving U #mining #stocks behind,\uD83D\uDE80 so traders have begun exiting #SPUT to bid up miners.\uD83D\uDD00 Once miners catch up with hovering Spot price they'll sell them to buy more #SPUT to drive up Spot... rinse & repeat?\uD83D\uDD01 https://t.co/3hgfQZtBkN

John Quakes  (@quakes99) April 13, 2022

Today’s uranium market minute. If you want to invest in uranium, I highly recommend following these two guys on Twitter, John Quakes and Justin Hune. I can’t overstate that. Justin puts out these 15-20 minute videos almost every day, they’re a must watch. I’m a paid subscriber to his newsletter The Uranium Insider Pro.

Light bridge is not a refiner or enricher, they are a fuel assembler. They take enriched uranium and make fuel rods.

Thanks for explaining

It's important to understand the stages in the fuel cycle:


Mining: digging the ore out of the ground

Refining: turning the ore into U308 or "yellow cake."

Conversion: turning the U308 yellow cake into uranium hexaflouride or UF6

Enrichment: spinning the UF6 gas in a centrifuge to separate the isotopes and increase the percentage of uranium 235

Fuel production:  Taking the enriched U235 and making fuel rods that go into the reactors as fuel

So you can see it's a complicated process and there is no "one stop shop" where this can all happen at once. Each segment happens in different places and takes significant time and costs money. That's why we're in a supply deficit now. Because the market was depressed for so long, the price dropped below the cost to mine and refine so mines shut down and refiners, convertors and enrichers also dropped off. There is no shortage of uranium in the ground, it's relatively plentiful. There is a shortage of near term supply and there is a shortage of long term supply at these prices.

Interesting thing about enrichment is called underfeeding and overfeeding.

There is a shortage of enrichment capacity in the west. There are few enrichers and most of the world's uranium is enriched in Kazahkstan and flows through Russia. That supply is ending, about 40% of the world's enriched uranium.

Here's the thing, imagine uranium is olive oil. Say for argument's sake I have a machine that squishes olives and makes oil. Each hour I run it is called a "separative work unit" or SWU and I charge the customer for each SWU. The customers bring me their olives to squish and I get to keep the mush left over as waste.

Say if I put 100 barrels of olives in my squisher and squish them for 100 hours I get 100 gallons of oil.

If I'm not busy, I can run the leftover mush for another 100 hours and get another 50 barrels of oil which I can sell into the market. This is underfeeding and has been going the last many years during the bear market.

Or if my customer needs his oil quick, I can put 200 barrels of olives in and run it for 100 hours and get 200 barrels of olive oil. This called overfeeding.

If there is a supply crunch for olive oil, and there is, this will start to happen. Further exacerbating the supply crunch and further driving up the price of olives.

So, what this means is that because we are having a supply crunch for enriched uranium, the enrichers will start to overfeed their centrifuges to make up for that, that will cause further demand for UF6 and further demand for U308 up the line, driving prices further up.

Also, because of the increased demand for enrichment, the price for SWUs goes up as well. This adds further price pressure, which causes more buyers to enter the market to secure supply because the race is on. This causes more pressure on the price. The effect is actually double. Underfeeding adds “free product” to the cycle. It doesn’t go back to normal, they go to over feed which requires “extra product” from the market.

The “free product” is secondary supply sold back into spot market. This is now gone and now “extra product” is required. That 50 lbs put back in the market now requires 100 lbs to get to over feeding. That’s a net 150 lbs extra demand when they switch from underfeeding to overfeeding.

The uranium market is entering a perfect storm. Each factor in the supply chain is feeding on other factors, and so on, and so on. For those familiar with futures and precious metals, there is no real futures market in uranium. There is ONLY the spot market driving prices. True price discovery.

Here is a great podcast from today with both John Ciampaglia of Sprott and Justin Huhn of Uranium Insider.

https://podcasts.apple.com/us/podcast/all-things-uranium-with-sprotts-john-ciampaglia/id1418050443?i=1000557691530

The Wall Street bets Reddit crowd is waking up.

https://www.reddit.com/r/wallstreetbets/comments/u1x2lq/uranium_neuron_firing_edition/


The future sometimes rhymes.

Check this out John. One scientist to another. I have compared the last18 months of spot price to historical data in the 2005 to 2007 run up. Pearson Product Moment Correlation = 0.95 (p<0.0001). If the past predicts the future.... pic.twitter.com/ERSA4Lcocb

— Swampy Joe (@swampy_joe) April 8, 2022

Here’s the missing months (from Cameco):
1/1/07: $75
2/1/07: $85
3/1/07: $95
4/1/07: $113
5/1/07: $125
6/1/07: $136
Spot and long term price diverge starting 3/1/07https://t.co/9A8cwHYJm9

— JL2??0??2??2?? \uD83C\uDDFA\uD83C\uDDE6 #SupportUkraine (@JL202X) April 8, 2022

The market is in a huge bubble and historically, when that bubble bursts, the money rolls into commodities.




Thursday's Market Minute:

Pay attention at 7:30



Here is an excellent primer for new investors.

https://twitter.com/i/events/1137894315944841217?s=20

I appreciate the thread.

The price charts indicate to me that the place to be to catch this ride is with the producers.  Costs are mostly fixed, and so the profits should skyrocket.

Optionality is the key to huge gains.

If it costs $50 to mine a commodity and the price of said commodity is $60 the profit is $10. A 18% rise in price to $70 is a 100% rise in profit, roughly speaking.

That being said, a rising tide raises all boats and this sector is so small, the gains in developers and explorecos could also be huge. I forget who said it (may have been Rick Rule) but in a uranium bull market, when the money starts to move in "It's like trying to put the contents of Hoover Dam through a garden hose." In the last bull run, companies with zero assets and merely the word "uranium" in the company name made huge gains. The number of "uranium" companies swole to over 500. I watched it myself in the crypto run of 2017-18. Companies with merely the word 'crypto' or 'blockchain' their name made huge gains. I'm not recommending investing in such companies, just making a point.

The market cap of the whole uranium space is miniscule compared to other commodities. I think there are maybe 60-70 companies total in the uranium space and the total market cap is under 50 billion dollars.  The MC of Exxon Mobile alone is $370B. Netflix is $150B. The market cap of Tesla is one trillion dollars.

Elon Musk could buy every asset in the uranium space for about what he's bidding for Twitter. That's how small this market is. Relatively speaking, It doesn't take a lot of money to move it a lot.

That makes its own catch 22 though. Investment funds, hedge funds, pension funds, a lot of big money funds etc.. have rules about where they can put their money. They usually involve market cap and liquidity. What does that mean? It means the companies and ETFs they invest in must equal a certain total valuation and or a certain volume of trading before they can invest their money. The uranium space at this point is still so small that we aren't quite there yet so there is still a lot of big money that wants in but can't get in. Yet. The Sprott ETF URNM has applied for listing on the NYSE and when (if) they are approved, that hurdle should be lifted. Their application is in the 45 day comment period right now. We could find out as early as the end of the this quarter or as late as the end of next quarter.  

Spot #uranium 6350/6400 USc/Lb #U3O8 (Delivery at ALL , Chg +25c, +0.39%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) April 18, 2022

https://ceo.ca/@newswire/encore-energy-provides-rosita-uranium-plant-update



*ISR or “in situ recovery” is a method of mining uranium that is akin to fracking. They drill a hole and pump liquid down the hole. The liquid frees up the uranium and they pump it out. That’s an oversimplification but you get the idea. It only works with certain types of uranium deposits.

Spot price up another .25 today.

Spot #uranium 6350/6400 USc/Lb #U3O8 (Delivery at ALL , Chg +25c, +0.39%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) April 19, 2022

Today’s market minute.

What is the thought on DNN ? I am still just starting out and mostly doing divivend stocks, but if a whole sector is gonna go up...

I bought DNN maybe 6 months back and I'm down ~8% (although just today it's down 6%) Maybe a buying opportunity idk, I'm less sold on Uranium stocks than I was when I purchased

The Uranium threads were huge on Wall Street Bets and 4chan /biz CMMG about 6-8 months ago. All over the place with infographics left and right.

I'll happily eat my words when we're all millionaires (as I have some bucks invested) but I have seen some rebuttals (generally it's around the fact the US basically stopped opening new nuclear plants decades ago and most were constructed in the 70-90's IIRC)

Again, hope I'm wrong, but I'm not sure the Uranium market is going to pop.

I was also wrong about gold and silver but put exponentially more money in

Thinking maybe $200.  Like i said in still starting out, but all but 1 of my stocks pay dividends, even the one i am using to  do options.

@Shinji_Ikari

URNM has about a 7% dividend yield.


U stocks took a beating today, mostly red with a few gainers on news. Boss energy, Global Atomic and Purepoint Uranium were in the green. That being said, you can see it as good buying opportunity. Several U stocks touched down around their 20 day moving averages. Spot u was down a quarter I think today and SPUT is trading at about 6% a discount to NAV.

https://ceo.ca/@newswire/global-atomic-corporate-update-b6b01

https://ceo.ca/@newsfile/purepoint-uranium-discovers-12-kilometres-of-continuous

Today's market minute:

https://www.energy.gov/articles/doe-seeks-applications-bids-6-billion-civil-nuclear-credit-program?utm_campaign=&utm_content=1650459361&utm_date=20220420&utm_medium=ENERGY&utm_source=twitter

Today was a good day for Uranium. Everything I hold was green.
Leading was Global Atomic at +7.3% followed by UEC, LEU, CCJ, DNN, SRUUF, and UUUU +3% at the end of the pack.
Took a good bite out of SRUUF at yesterdays big discount to NAV, gotta support the base metal too.

Interesting 1 year comparison of 4 majors, starting a year ago at 0 relative to each other. Comes from /r/UraniumSqueeze.
Attached File

ISOEnergy led my u stocks with a +12.08% gain today followed by Forum Energy +9.73 and Fission Uranium +8.17

Oddly enough, spot u was down a touch today.

Spot #Uranium was dipping today at the close\uD83E\uDE82 as #SPUT has raised virtually no ATM cash in nearly 2 weeks to fund its #U3O8 stacking.\uD83C\uDFE7\uD83E\uDD76 #Nuclear fuel brokers @Numerco dipped 38c to $62.89, @EvoMarkets dropped 75c to $62.50 & US 'Uranium Markets' sank $1.25 to an even $62.00.?? pic.twitter.com/bklJ6tgLyV

John Quakes  (@quakes99) April 20, 2022

Many #Canada/US #Uranium #mining #stocks were on the rebound today\uD83C\uDFC0?? as US officially launches $6B program to halt premature #Nuclear reactor closures??\uD83D\uDEA8 & #China approves another 7.5GW of new reactor builds,\uD83C\uDFD7?? pushing #U3O8 into an even deeper record supply deficit.????\uD83D\uDDDC?\uD83D\uDC02 pic.twitter.com/dknzflgtVh

John Quakes  (@quakes99) April 20, 2022

Today @Sprott issued no Physical #Uranium Trust units\uD83C\uDFE7 raised no cash\uD83D\uDCB5 but did stack 100,000 lbs #U3O8\uD83C\uDFE6\uD83D\uDD12 with NAV of US$3.511B.\uD83D\uDCB0\uD83D\uDE81 SPUT still holds $52.3M for stacking\uD83D\uDED2 closing at a -1.98% Discount to NAV\uD83E\uDD28 Today's Spot Price: $62.87/lb?? #ESG \uD83C\uDFC4??? https://t.co/VJuEVxXgYA pic.twitter.com/PzgT1iGkEI

John Quakes  (@quakes99) April 20, 2022

U stocks taking a beating today so far. They started shitty yesterday and closed mostly green and it's still early so.

Traders held a #Canada/US #mining #stocks Liquidation Sale today??\uD83D\uDCA7 triggering cascading stop losses???? that sent markets & #Uranium stocks tanking? even as #Nuclear fundamentals are now more bullish today than they've ever been in decades.\uD83D\uDD00 Panic\uD83D\uDE31 slays fundamentals.\uD83D\uDC02\uD83D\uDDE1?\uD83E\uDE78 pic.twitter.com/fre2xVNDNx

John Quakes  (@quakes99) April 21, 2022

Added to ENCUF and ISENF today during the -12.5% off sale. They both finished 8.5% down on the day so i managed to catch them at their lows. Absolutely brutal day for me though.

anyway, here's some analyst info for your reading pleasure.

https://clients.haywood.com/uploadfiles/secured_reports/UxApr212022.pdf




Not sure how we didn't see this coming. It was right here in the chart.

That was a rough day. Everything on sale.
No specific news outside of Powell's hollow threats of fiscal restraint dampening commodities across the board. He's behind the curve and inflation is going to be our reality for awhile.  Clearly though, the cost of financing projects and rising fuel and labor costs will affect bottom lines. So it's not all roses.

Nothing else has changed. Spot has come down a dollar or so. Otherwise, the war is still on. More plants intend to stay online due to energy concerns. New plants coming online. Federal dollars to marginal plants to keep them viable. Demand is outstripping production and dormant capacity takes time to revive. Oil and LNG prices are high. The public and bureaucrats seem more ready to face the fact that a greener energy base just has to include nuclear, than it has in my 60 years on the coil.

Added more LEU, UEC and UUUU at the end of the session.

You could just put it in your watch list.  Risk free satisfaction, whether it goes up or down.

Ugh. What a brutal couple of days.

A trader or hedge fund appears to be liquidating their physical #Uranium holdings as well today (Melvin Capital?)??\uD83E\uDE78 driving Spot #U3O8 down by another $2.50 as Spot buyers watch to see how low this panic seller is willing to go.\uD83D\uDE31 pic.twitter.com/nYCgUlkPZ7

John Quakes  (@quakes99) April 22, 2022

Someone pulled the rug out from under the Spot #Uranium market today?? with UK #Nuclear fuel brokers @Numerco dropping $5 to US$55.01/lb #U3O8, US @EvoMarkets sinking $7 to US$53.00/lb, and US 'Uranium Markets' down $6 to US$53.25/lb.\uD83C\uDF86\uD83D\uDE32 pic.twitter.com/bosiKHSWYb

John Quakes  (@quakes99) April 22, 2022

Dow dropped nearly 1000pts today for its worst day since 2020\uD83D\uDE31 with TSX sinking almost 500pts\uD83C\uDF2A? sucking down most #Canada/US #Uranium #mining #stocks for a 2nd straight session?? even tho #Nuclear demand???? vs U supply???? is way more bullish today than Monday.\uD83D\uDD00\uD83D\uDC02 #FireSale\uD83D\uDD25 pic.twitter.com/ZQWd8kROe7

John Quakes  (@quakes99) April 22, 2022

On the bright side:

If all goes according to plan,\uD83D\uDDFA? this coming Monday, April 25th, will see the launch of the rebranded 'Sprott #Uranium Miners ETF' $URNM on the NYSE\uD83C\uDF7E & the start of a major marketing campaign to Sprott's thousands of institutional & high net worth investors.\uD83D\uDCB0 Can't wait!\uD83E\uDD20\uD83D\uDC02\uD83C\uDFC4??? https://t.co/ZI67UDIRrR

John Quakes  (@quakes99) April 22, 2022

Justin is here to talk you down off the ledge.


[youtube]watch?time_continue=1653[/youtube]

Lol. I wonder if he was in touch with his subscribers at the end of last week. He seems like a good egg, but if I was paying for his counsel, I'd not be happy.

I had just finished a good skim before the drop, which was good, but rotated about half of that from big names to smaller with more upside (and downside) potential. So not good, not terrible.

Your link isn't right, but here Justin is. Going to give him a listen in a bit.

If you haven't seen bloor street capitol, They do a great interview with denison ceo and they have a lot of other videos you should probably see

Today’s market minute and below is the video he mentions. Watch them both.

This is huge news. Utilities will have to scramble to increase their inventories. This fits in with the big jump in long term SWU prices.

Adrienne Hanly, Uranium Production Specialist from the @iaeaorg discussing U.S. inventory levels.  Her study shows 16 months on average vs. their recommendation of 2Y+. This is an issue from her perspective and something governments may need to address (Europe just above 2Y now).

Art Hyde  (@JekyllCapital) April 27, 2022

If you want to follow the whole thread on the World Nuclear Assoc. Working Group Meetings.

London has been beautiful for this week’s @WorldNuclear Working Group meetings - learned a lot as always.  

World #Nuclear Fuel Cycle meeting kicking off now with Treva from @U3O8TradeTech discussing #uranium fundamentals with @cameconews @Oranogroup @NAC_Kazatomprom pic.twitter.com/oxHSchXy6E

Art Hyde  (@JekyllCapital) April 27, 2022

https://twitter.com/WorldNuclear

SPUT denied listing on the NYSE.

The reason, not stated in this news release, is because the NYSE requires that physical trusts listed on the NYSE have some mechanism for physical redemption. Sprott was applying for an exemption to this rule because, obviously, you can't deliver uranium to just anybody.

Breaking News!\uD83D\uDCF0 @Sprott Asset Management announces that its application to list the Sprott Physical #Uranium Trust on the NYSE Arca has been declined by the U.S. Securities and Exchange Commission??based on not meeting applicable listing standards.?? https://t.co/F3Vl7e9IqZ pic.twitter.com/Llz4XcNxKW

John Quakes  (@quakes99) April 27, 2022

But wait! there's more!!

World #Nuclear FC backroom chatter:\uD83C\uDDEC\uD83C\uDDE7\uD83D\uDC42\uD83D\uDC26"big fund manager is looking to create a physical #uranium vehicle similar to SPUT”\uD83D\uDE2F "major US banking firm looking to launch a uranium investing product"\uD83D\uDE03 Hot topics: US inventory levels, shipping/transport, security of supply.\uD83E\uDD20\uD83D\uDC02

John Quakes  (@quakes99) April 27, 2022

Hmmm... now that #SPUT won't be listed on NYSE, I wonder if that is now the perfect opening opportunity for other major investment firms to launch their own SPUT-2 Physical #Uranium Funds on the NYSE to capture that huge US retail market with their own ATM for stacking #U3O8.\uD83E\uDD14\uD83E\uDD20 https://t.co/MctlGxu0Hv

John Quakes  (@quakes99) April 27, 2022

And today's market minute:

Ugh it's brutal out there but consider everything "on sale." It was Rick Rule who said "If you liked it at $20, you must really like it at $10."

Here's a list to help you shop.

With #Uranium in sustained multi-year deficit??? as a #CarbonFree #Nuclear Renaissance spikes demand\uD83C\uDF1E??\uD83C\uDFD7??? while #U3O8 market is on a pivot away from #Russia\uD83C\uDDF7\uD83C\uDDFA?? 28 April Bloomberg Consensus Estimates & Targets\uD83C\uDFAF may help U identify most undervalued U #mining #stocks\uD83D\uDED2\uD83E\uDD20\uD83D\uDC02\uD83C\uDFC4??? pic.twitter.com/IS45LlLv7g

John Quakes  (@quakes99) April 28, 2022

#Canada/US #Uranium #mining #stocks were trading deeply in the Red Zone\uD83D\uDE2B for most of today's session but have now reversed into the Greens?? as we head into the final Power Hour of today's trading day.?? #Nuclear #CarbonFree #EnergySecurity #NetZero \uD83C\uDF1E pic.twitter.com/WRMuSHmfcf

John Quakes  (@quakes99) April 28, 2022

Looks like it might be a green day today.



Ranking member of the energy committee says it’s time to stop buying Russian uranium.

[youtube]watch?time_continue=2[/youtube]

This is a big deal.

https://dividendwealth.co.uk/eu-proposal-to-impose-russian-oil-embargo-on-wednesday-at-the-latest-the-interior/

“I have spent 37 years in this wonderful uranium and nuclear energy industry. We’ve gone through all the highs and lows; I have to say that we are probably in the most exciting phase in the nuclear energy industry’s history in these years that lie ahead of us.” – Scott Melbye

Uranium Insider  (@uraniuminsider) May 2, 2022

Good morning. Here’s a great Twitter thread about why “maybe it’s different this time.”

#Uranium: It’s different this time?
Some thoughts on why I think that taking the last uranium bull market too literally will likely lead to missing out on returns during the most lucrative time in the cycle. However, cyclicality still applies and scaling in & out is important \uD83E\uDDF5

Shovel-Stocks  (@ShovelStocks) May 3, 2022

Market have been brutal lately bringing U equities down with it. The fundamentals have not changed. In fact, the spot price of U308 rose during the sell off with SPUT out of the market. That means utilities are buying.

Spot #uranium 5425/5500 USc/Lb #U3O8 (Delivery at ALL , Chg +13c, +0.24%) ALL = CVD 0c/Lb, ALL = CMX 0c/Lb See https://t.co/oK6SEbp4ad

numerco  (@numerco) May 6, 2022

Friday's market minute:

Yep, it's a good old fashioned throw the baby out with the bath water buying opportunity. My whole portfolio is defensive + U, and dropped a ton but I'm not skeered. The only thing that worries me is the ever present but minute possibility of some accident somewhere setting us way the Fukishima back again. PM's and Uranium will have their day in the sun. Soon.

I've been in this sector since 2020 and if I was just sitting on my original positions, I'd still be way up overall. However, I have been buying all along during dips and a couple fomo buys as well and this pull back has certainly hurt.

Having said that, I would love to be finding out about this whole uranium thesis today.  Many of the top uranium names are down near 50% off their 52 week highs. It's a great entry point.

No uranium gambling. I leave that to the addicts.
However I did invest in a Geiger counter
because it is the ONLY tool that answers
the ONE question you NEED to know.



IS IT SAFE?




It'll come in handy real soon...