Uranium

[Sean K]

Looks like it’s breaking up, if not already. Time to top up on U stocks on the cheaper side may have passed. More 10% + gains yesterday.

 

[Knobby22]

I am pretty that Uranium has come out of slumber and is the next hot thing. Putting money into it.

 

[Ann]

I am pretty that Uranium has come out of slumber and is the next hot thing. Putting money into it.

As have I Knobby, AGE, PDN, DYL and PEN so far.


Uranium recently emerged out of a multi-year bear market following oversupply and negative sentiment towards the energy material after the Fukushima disaster in 2011.
After grinding around low US$20/lb for a number of years, prices broke out with conviction, surging to US$50/lb in September, a fresh 9-year high.
Headlining the turnaround was Sprott Asset Management and its Canadian-listed Physical Uranium Trust. The fund, which launched in July, has been aggressively buying uranium off the spot market, putting it into storage and tightening supply. By October, the fund had amassed 30 million pounds.
By comparison, total spot volume for 2020 sat at just 92.2 million pounds. Another giant, that is the world’s largest uranium producer, Kazatomprom is on the verge of launching its own fund. Its fund will hold physical uranium as a long-term investment, with plans to raise up to US$500 million from institutional or private investors.
Alongside a flow of funds, nuclear energy is expected to play a pivotal role in the world’s transition towards net zero emissions. Major economies such as the UK have said nuclear will be “at the heart” of its decarbonisation strategy. Similarly, Japan has called out nuclear reactor restarts as “key” in achieving its green energy targets.

Source: https://www.marketindex.com.au/commodities/uranium

If you scroll down in the above link, there is a long list of companies involved in Uranium listed on the ASX

This is the full chart for the aforementioned Physical Uranium Trust, it was only listed back in July 2021

 

[Garpal Gumnut]

Thanks @Knobby22 and @Ann

I fear a double top on that chart and I am told that Fukushima Prefecture is shaking again and even though it is not a risk it may affect sentiment.

Germany hopefully will get rid of it's silly green sentiments and allow more gas/oil, but I believe Nuclear may be a stretch for Europe given their proximity to Vladimir Vladimirovich.

All the best with trading Uranium though, sometimes being contrarian can pay off, or in this case following the trend.

gg

 

[Ann]

I fear a double top on that chart and I am told that Fukushima Prefecture is shaking again and even though it is not a risk it may affect sentiment.

Well if the Russians can start fires and threaten to bomb Ukrainian Nuclear plants and the uranium stocks barely miss a beat then I reckon it can take a bit of shaking Fukushima. Let's see what happens with the double top on the chart, many may just see it as a buying op. Who knows, not me!

Edit: I believe Germany is now re-thinking the closure of their nuclear plants.

 

[Garpal Gumnut]

Well if the Russians can start fires and threaten to bomb Ukrainian Nuclear plants and the uranium stocks barely miss a beat then I reckon it can take a bit of shaking Fukushima. Let's see what happens with the double top on the chart, many may just see it as a buying op. Who knows, not me!

Agree totally.

Who knows. It's a volatile situation.

I'll be the first to congratulate both of you if it comes off and may even join in the fun.

gg

 

[sptrawler]

Well if the Russians can start fires and threaten to bomb Ukrainian Nuclear plants and the uranium stocks barely miss a beat then I reckon it can take a bit of shaking Fukushima. Let's see what happens with the double top on the chart, many may just see it as a buying op. Who knows, not me!

Edit: I believe Germany is now re-thinking the closure of their nuclear plants.

Going forward, I don't think there are a lot of options.

 

[mullokintyre]

From the evil murdoch press

Dozens of countries including Britain and France are now turning to Australia to lock in a long-term clean energy source that can help the world dramatically cut its carbon emissions.
After nearly a decade in the deep freeze, nuclear power has been getting a fresh look as a way for the world to rapidly end its dependence on heavily-polluting coal and oil.

An energy crisis brought about by Russia’s invasion of Ukraine has turbocharged this, prompting much of western Europe to look for ways to slash their reliance on Moscow.

Shunned by politicians here as being too hot to handle, uranium has been a workhorse for decades, fuelling nuclear reactors in more than 30 countries.

Although off-limits locally, uranium generates baseload electricity essential to underpin an energy grid but with barely any carbon emissions.

Just this month British Prime Minister Boris Johnson promised up to eight new nuclear plants within this decade. This followed France’s Emmanuel Macron, who is fighting a presidential election, outlining plans to build as many as 14 new reactors to bolster his country’s energy needs.

The probable election of Macron for another 5 years may push Uranium and its explorers a bit higher yet.
There is a tendency for Rector owners/operators to try to lock in long term contracts for uranium supply as the payback period on rectors i long term.
I will be looking ate ones that are yet to pre sell their out put, or at least look at the ones where the pre selling is minimal.
Unfortunately, I cannot see OZ installing any form of reactor in the the next 15 to 20 years.
The coalition are mostly lukewarm if not dead against it, none of the independants have expressed support, and the Labour /Greens alliance would have a less than zero chance of implementing anything to do with Nuclear power.
Mick

 

[qldfrog]

Uranium absolutely snashed in the us last night ..my Uranium related hokdind down nearly 20% overnight.outch again. No refuge oil down gold down..thanksfully aud down 2%