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URNM - BetaShares Global Uranium ETF

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Dona Ferentes

Pengurus pengatur
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URNM - BetaShares Global Uranium ETF

Exposure to leading companies in the uranium industry​

URNM provides exposure to leading global companies involved in the mining, exploration, development and production of uranium, modern nuclear energy, or that hold physical uranium or uranium royalties.

Management Fees 0.69%pa

Top 10

NameWeight (%)
NAC KAZATOMPROM JSC17.2
CAMECO CORP15.9
SPROTT PHYSICAL URANIUM TRUST10.2
URANIUM ENERGY CORP5.3
PALADIN ENERGY LTD5.1
YELLOW CAKE PLC4.5
NEXGEN ENERGY LTD4.3
ENERGY FUELS INC/CANADA4.2
DENISON MINES CORP4.0
CGN MINING CO LTD3.4
 
I like to monitor the holdings in any ETF I consider buying to ensure I'm investing in the micro-sector I want. As I've bought a position in URNM recently, these are the current holdings.



I'm pleased to see that there's not much change in the top 10 holdings since listed.
 
Things haven't exactly gone to plan since the September 2021 breakout in the uranium price and stocks. POU flew to $60 and then retreated back to $50 and has hovered around there since. Quite a few of the larger uranium companies have dusted off their plants and our three main Australian companies who were in mothballs have committed funds for refurb and production in the next year or so. PDN and BOE look like they will restart and LOT is still waiting for the right price. I think they need contracts well over $60 for their operation to work.

Looks like a bottom in URNM there, but the wedge is going down hill to that point. The longer term trend is up, so perhaps there's a bias to an upside break in this price action. Maybe I'm being hopeful. A break up in POU back to $60 and above could be the catalyst.


 
Uranium stocks had a good night overseas. URNM up a few %. Still going sideways down for now. $26 still looks like a floor to me unless something dramatic happens to the POU. Perhaps only a nuclear accident will crash it at this point.

 
Country Lad said:
update to @Sean K chart. The P&F and a couple of other indicators gave me the breakouts point to buy.

View attachment 162499



View attachment 162500
Click to expand...

It's been a sensational couple of weeks. My only worry is some valuations are getting a bit high. For eg, in our own stocks, BOE's restart feasibility study gave it a NPV of closer to $500m than over a billion. DYL are years away from producing some cake and it's over $800m. I suppose these things can run and run when sentiment is good, as we saw in the naughties, but it's a bit musical chairs ish to me. Having said that, uranium has been extremely good to me the past couple of years so not complaining too much.
 
Greg Canavan drew attention to this etf a fair while back but recommended waiting for an entry, as even then it looked too hot. To his chagrin it just went much higher.
 
finicky said:
Greg Canavan drew attention to this etf a fair while back but recommended waiting for an entry, as even then it looked too hot. To his chagrin it just went much higher.
Click to expand...

I was fortunate to find Rick Rule on YouTube when I got back into full time investing in 2020. He was already set in uranium back in 2019 before anything started taking off. Warned that the juniors were getting ahead of themselves in 2021. Got bullish again in early 2023. He's done particularly well out of uranium. Put a very big bet on Paladin when it was 10c and watched it do to about 5c before going to 9 bucks. Made him a very rich man. Not sure if he held much past 2007. Understandably, he rates Borshoff.
 
URNM consolidating since the run up after the break out in Aug. RR thinks there's still some money to be made in the big players.



 
finicky said:
Greg Canavan drew attention to this etf a fair while back but recommended waiting for an entry, as even then it looked too hot. To his chagrin it just went much higher.
Click to expand...

Has it consolidated enough now?
 
Sean K said:
Has it consolidated enough now?
Click to expand...
@Sean K - most likely but a break will be needed to confirm. I know your eyes will now glaze over at the mention of P&F but these are very useful in identifying patterns.

To demonstrate, I previously posted the chart of the initial breakout and buy point from an obvious pattern and other indicators.



It now looks like a break from this one at 904 would be positive. This is a chart of the Aussie ETF hence the difference in price.

 
Sean K said:
Has it consolidated enough now?
Click to expand...
Strikes me as very possible from the weekly chart. Seems to be pennanting? Good volume this week. But bet's off if it closes below the lower line. Not betting on it myself, prepared to miss out. Greg Canavan (Fat Tail Investment Advisory) hasn't moved from a 'wait' stance on it, as at 14 Nov. He was back to being keen again on gold miners 14 Nov - moved NST and SLR up to buys again after being holds. He also likes AWC as a contrarian hard asset spec at this price.

Not Held

WEEKLY
 
Selected to gain value in 2024.

After a huge year for uranium in 2023, it'll be full steam ahead next year. I'm selecting an ETF to cover this commodity in order to avoid having to select one uranium company. My preference would be PDN but BOE, DYL, NXG are all just as good. There are a few small cap U308 possibilities that I'll monitor for trading during the year AEE, ARE, LOT, PEN.

 
good pick, @peter2
 
Holdings at 19 Dec 2023.


The same top 3 top three (43%) , ASX listed companies get a boost.
 
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