Uranium stocks

[qldfrog]

And the frog systems obviously hit hard today with this new fall..will be interesting to see how it develops during the week.these will determine profit or loss this week for me .

Sofar lost all of last week gain: -8%
But will look at damages on friday

 

[Sean K]

Sofar lost all of last week gain: -8%
But will look at damages on friday

It has not been the orderly type of consolidation in these stocks you'd hope for, off the back of a massive sea of red across the board. Nasty day all round. This Evergrande thing has really shaken things up.

 

[qldfrog]

It has not been the orderly type of consolidation in these stocks you'd hope for, off the back of a massive sea of red across the board. Nasty day all round. This Evergrande thing has really shaken things up.

The bad: the hatsh $ loss figures:
the good: i have one packet out of 4 daily, rest is cash...so i follow my weekly as i should and bought this morning...
I xm just worried my investor portfolio is probably taking a beating too

 

[peter2]

We had to expect the uranium sector to sell off after it's massive rally. I keep an eye on the US uranium ETF - URA for their overnight moves.
Big selloff in URA on Friday (-7.8%).

. . .

 

[Stockbailx]

PNN Pepinnn Minerals Limited having a good turnout today on retracement of the Uranium Sector URA up 60 points. Can the Uranium Sector hold up its end of the bargain, for Investors. My moneys on GLA having a good serve on back of previous announcements, it seems to be on a good wicket, should the Uranium Sector stay in positive territory. VAL also a good contender on the back of strong findings. There only juniors but should they latch on to the yellow gold, well be lancing the boil and may the puss flow.

 

[Sean K]

Some healthy consolidation has occurred after these puppies were overbought and Uber drivers got on board. All the charts look remarkably similar and it doesn't seem to matter which ones you buy, or sell at the moment. The US and Canadian stocks all look the same too. Just need to see what they've done overnight to see which way ours go on the open. Most have found a little bit of support but I wouldn't be surprised if they head down to the lower level of support. Might depend on what SPUT do in the coming days/weeks as it seems their buying was the impetus for the POU to go to $50 in short time. The fund started with $300m to buy uranium and that's been increased to $1.3b so they're going to have to keep buying at some stage.

 

[finicky]

Claims that China will build more reactors being used to ramp Uranium stocks. I plan to buy a few, but only if they're smashed in a crash. My list is DYL, BOE and PEN but not well researched

China to supercharge uranium race with 150 new nuclear reactors

It is the news that the uranium players have been waiting for: a potential new, huge surge in demand that will reward mining companies ready to go into

smallcaps.com.au

 

[Sean K]

Claims that China will build more reactors being used to ramp Uranium stocks. I plan to buy a few, but only if they're smashed in a crash. My list is DYL, BOE and PEN but not well researched

China to supercharge uranium race with 150 new nuclear reactors

It is the news that the uranium players have been waiting for: a potential new, huge surge in demand that will reward mining companies ready to go into

smallcaps.com.au

Certainly room for more consolidation in these stocks - especially if we crash!. After finding support as mentioned above they consolidated as expected (maybe more than liked - although that was a good opportunity in hindsight) but then shot back up towards long term highs before another pull back. Encouragingly, most made a higher low before heading up again. Now more consolidation. Markets caps are all being stretched though, imo. I've picked those closest to restarting or with best management.

 

[finicky]

@Sean K
Reassuring to see you like the three I have in mind as you have obviously followed this sector.
I heard the m.d of DYL (Borishoff?) in an interview and was impressed, particularly where he said the trick for a developer was not to agree to offtakes or to hedge too early and so forgo the benefit of a U3O8 bull market. Also that he and another one or two in DYL's management built the Palidan ops from ground up.
I like PEN because it already has a plant and some sort of approved status as a would be domestic supplier in the U.S. I like BOE for similar reasons, i.e has a resource and a mothballed plant here.

 

[Sean K]

@Sean K
Reassuring to see you like the three I have in mind as you have obviously followed this sector.
I heard the m.d of DYL (Borishoff?) in an interview and was impressed, particularly where he said the trick for a developer was not to agree to offtakes or to hedge too early and so forgo the benefit of a U3O8 bull market. Also that he and another one or two in DYL's management built the Palidan ops from ground up.
I like PEN because it already has a plant and some sort of approved status as a would be domestic supplier in the U.S. I like BOE for similar reasons, i.e has a resource and a mothballed plant here.

I picked LOT and BOE because they're closer to re-mining and DYL based on management. JB turned PDN from a 1m MC to 10b. Quite remarkable. Obviously did OK out of it. Also like the managers of LOT and BOE just on the way they present. They do good interview.

 

[aus_trader]

Claims that China will build more reactors being used to ramp Uranium stocks. I plan to buy a few, but only if they're smashed in a crash. My list is DYL, BOE and PEN but not well researched

China to supercharge uranium race with 150 new nuclear reactors

It is the news that the uranium players have been waiting for: a potential new, huge surge in demand that will reward mining companies ready to go into

smallcaps.com.au

I'd definitely buy DYL in a crash. DNH as yet, but did once in speculative portfolio.

 

[Sean K]

Uranium companies are gathering towards an inflection point. The top resistance lines are messy but the lower side looks pretty clear. Do they break up, or down? I've looked at a few of the US and Canadian charts today and some of them are more on the bearish side with some just breaking support levels. Could be a sign that there's a correction due in these stocks that have had a very good run - depending on where you bought of course. So, for me, it could be a good buying opportunity coming up as I believe in the longer term narrative and think the stocks I've picked have the best chance of restarting, or building a mine during this cycle. Holding BOE, DYL and LOT.

 

[finicky]

Weekly charts of uranium developers look stuck in downtrends on weekly charts currently - nothing I can see as a breakout signal anyway. The uranium stocks etf that peter2 mentioned, URA, looks similar. Not calling it but if I wanted to try my hand at 'measured move' targets from overhead shapes I get significantly lower.

Shaw brokers on the other hand have higher targets from today's prices and have 'buy' recs on the first 5 in the list and 'holds' on Lotus (LOT) and Bannerman (BMN). Bannerman is missing from my screenshot as didn't have room. Shaw's target for that is 30c (from 20c) but they still have a 'hold' on it. Comment that BMN is the most leveraged stock in sector.

Barry FitzGerald: The long-term buyers are warming up and Shaw has 7 hot uranium stocks to fuel the fire - Stockhead

Recent advice from Canadian giant Cameco is that nuclear power utilities are, at long last, signing long-term contracts again.

stockhead.com.au

 

[finicky]

Screenshots repeatedly failed to post from my old tablet - list of Shaw's uranium stocks is in the linked article

 

[Sean K]

Weekly charts of uranium developers look stuck in downtrends on weekly charts currently - nothing I can see as a breakout signal anyway. The uranium stocks etf that peter2 mentioned, URA, looks similar. Not calling it but if I wanted to try my hand at 'measured move' targets from overhead shapes I get significantly lower.

Shaw brokers on the other hand have higher targets from today's prices and have 'buy' recs on the first 5 in the list and 'holds' on Lotus (LOT) and Bannerman (BMN). Bannerman is missing from my screenshot as didn't have room. Shaw's target for that is 30c (from 20c) but they still have a 'hold' on it. Comment that BMN is the most leveraged stock in sector.

Barry FitzGerald: The long-term buyers are warming up and Shaw has 7 hot uranium stocks to fuel the fire - Stockhead

Recent advice from Canadian giant Cameco is that nuclear power utilities are, at long last, signing long-term contracts again.

stockhead.com.au

BMN have a big resource but the grade is too low at 220ppm. There's other Namibia plays with 70-100% more ppm just down the road. DYL ave 345ppm, EL8 300-350ppm, PDN 700 ish. But, BMN certainly has scale. Just a matter of Opex for the low grade.

In Sep-Oct Rick Rule was selling his uranium stocks as they got too expensive, even though he's extremely bullish on POU getting back to 60-70 mark. They overshot their value compared to re-start operational phase. He started re-buying a couple of weeks ago.

He's running a 'Uranium Bootcamp' next month and DYL and BOE are presenting.

 

[Sean K]

Uranium companies are gathering towards an inflection point. The top resistance lines are messy but the lower side looks pretty clear. Do they break up, or down? I've looked at a few of the US and Canadian charts today and some of them are more on the bearish side with some just breaking support levels. Could be a sign that there's a correction due in these stocks that have had a very good run - depending on where you bought of course. So, for me, it could be a good buying opportunity coming up as I believe in the longer term narrative and think the stocks I've picked have the best chance of restarting, or building a mine during this cycle. Holding BOE, DYL and LOT.

View attachment 132980

Well, these all pretty much broke down from the ascending triangles and went on to a further three months of consolidation going down to deeper support levels. First signs of a rebound last week after what has now been a five month period of consolidation since POU broke up after SPUT entered the market sending the price from 30 to 50 bucks. Now back approaching 50 bucks again. Uranium incentive price still nominated to be around the 60 mark, but there's still seems to be expectations that it's just a matter of when, not if.

Weekly charts of BOE, DYL, LOT and PDN.

 

[sptrawler]

Well @Sean K if Germany reconsiders its position on nuclear power and the issues surrounding Russian gas supplies continue, the only way is up really IMO.

 

[Sean K]

Well @Sean K if Germany reconsiders its position on nuclear power and the issues surrounding Russian gas supplies continue, the only way is up really IMO.

I’m not sure if Germany will, they’ve gone too far Left. But, if the EU manage to get nuclear into the green energy taxonomy that could be quite a booster.

 

[Sean K]

Uranium stocks getting smashed now assumingly due to Russia approaching large Ukrainian nuclear plant. Should have seen that coming. But, looks like an over reaction in the market. Is Russia going to bomb a nuclear facility?

 

[qldfrog]

Do not underestimate the potential of all actors there.. some ready to blow a plant/country to either win a narrative,or put a blame, the risk of accident from power loss, russian artillery or missile hit on required infrastructure etc.
Yes this is not a negligeable risk