Keeping the lights on with Nuclear Enegry!
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That is a very good point GSTbay1060.
There are too many double standards these days. I believe that these double standards are all related and intentional. They are now affecting many aspects of our lives including markets and human beings in the countries I mentioned. It is time to call out these double standard head on.
Nice to see some are reading this board.
After years of watching the SPOT price we never saw the Bid being less than the Ask. NEVER. Please correct me if I am wrong.
Now, all of a sudden, the past two trading days show the BID being greater than the ASK even as trading in SPOT is taking place as evidenced by the penny here penny there changes. I thought we eliminated the penny. But I digress.
I get the theory about differing terms but once again I ask, Why now? Why did it NEVER happen before? Is it to confuse algorithms for related stocks? Is is just a coincidence? Is it a newly discovered manner in which to confuse investors so as to get them to sell their Uranium shares before an expected explosion in SPOT price? I don't know. I really don't.
Most of us will never know the real answer. So why do I ask the question? Because the question is there right in front of our faces on a cue card called the SPOT market.
Selectiv Pricing Obstruction Techniques? Sound familiar?
All URANIUM investors are wrong.
Chartists are all wrong.
Uranium Supply Experts are all wrong.
Posters such as myself are all wrong.
ETF managers are all wrong.
Uranium mining executives are all wrong.
WNA attendees are all wrong.
Former Hedge Fund Mangers are all wrong.
10,700 followers of quakes99 are all wrong.
Only China, Russia and Kazakstan have it right.
Operate Uranium mines at slave like conditions with little to no regard for the environment and you can continue to produce all the Uranium you want at whatever low price you need to keep western uranium off the market because they don't allow demonstrations against their evil ways of mining.
Uranium price is going nowhere as long as China Russia and Khazakstan continue to exploit investors all over the world through slave like operations.
Kazatomprom throws crumbs at the market and the London Exchange is happy too accommodate a whopping 2% increase in Kazatomprom's equity over to the private sector. Their grand total of NON-GOVERNMENT controlled share has skyrocketed from 15% to 17%. WOW! Woo Hoo! Yippee! AMAZING! OR just plain BS? They need the money to carry on their operations but are only willing to turn over a few crumbs of salt in exchange for some money that they seem to desperately need.
What is amazing is the double standards that we westerners continue to tolerate! One tough set of rules for Western nations and a totally blind eye (hear no evil, see no evil and speak no evil) when it comes to everything nefarious that comes out of the Communist nations.
Thanks Alibongo888 & Ocean Trader
possbile explanation? I'd like more detail if possible.
Cobalt will be the top commodity?
Alibongo888 tweet
I wish that was going to be the case and Cobalt will quite likely gain interest from the Investor World but I doubt that it will be the TOP commodity. I think Uranium will win that spot. Cobalt might be second though.
That said, this is still waaayyyy to early to do a spin out of CoEX.
Windy decisions blowing EXPENSIVE HOT AIR.
Alibongo888 retweet on Germany's ill fated management decisions - read Mike Shellenberger thread
read Mike Shellenberger thread
How can Bid be Greater than Ask?
numerco tweet
Does anyone have access to numerco to ask for an explanation? I thought it was a typo but now I see it posted twice.
Responses in red.
Firstly, thanks for your post and discussion. This board gets awfully lonely at times. Here is my input to your questions. They are my views only and everyone should do their own DD before investing or selling. I hope that others can contribute too.
Just listened again to the Crux Investor interview of UEX's CEO Roger Lemaitre at WNA Symposium.
UEX profiles itself as a portfolio play, not a single project play.
Quotes from the interview:
- "... We're following up hot leads that would be flagship type projects for most of our peer companies..."
- "... We sit on opportunities like that on 4-5 other projects"
Now my question is how an investor should value this approach? Is there value to it and is it a smart strategy?
Basically it depends on the 'investor'. That being said, the 'market' will likely only add it as a value added statement if there are substantial drill results for any of the components in the 'portfolio' of assets.
For example: I believe that Hidden Bay has tremendous potential which is why I encourage Roger to drill a hole or two into the basement. With Hidden Bay being what it is, if the company was to hit a long or high grade interval at the Hidden Bay asset, then the speculative economics could certainly give the stock a big boost because of the already shallow find at Hidden Bay that could be used to fund the development of such a project.
"The Project hosts the shallowest undeveloped uranium deposit in the Athabasca Basin, the West Bear Uranium Deposit."
As for the strategy, in my view, it would not be a good strategy to go gangbusters on multiple assets at one time. I think most would agree with that. That said, it certainly is imperative to keep investors informed of those assets. UEX has a map of those assets but the last time I accessed that map many pointers brought me back to Hidden Bay details. That is not a good thing. It does not take much to add a page to each asset and a paragraph or two as to why that asset is an asset.
It is important of course to manage investors expectations. There is no need to oversell any asset. Good drill results are what should sell an average investor without a degree in geology.
Is there a way where UEX can benefit from a "portfolio management style of business" in which some of their exploration projects could be positioned into the market as a "Flagship project" for a possible joint venture (JV) partner?
Firstly, UEX already has a portfolio from its staking or acquisition activities. If you are asking should they find JV for all of them, I would say - NO. It could be for some but it could be a giveaway if one of them turns out to be the biggest find in the world.
If my information is correct UEX already applies this principle on at least 1 JV project?! Anyone of my fellow investors who know our JV partner + the status of that exploration project?
They have several partners, Orano, ALX, JCU. The UEX website has information on the status of each of those projects. Shea, Christie Lake, others...
I know that in a JV, the partner can earn up to x% of the project. However before being able to "earn" the %, the JV partner should invest a number of CAD $ to effectively explore the project. That would be CAD $ that UEX doesn't have to invest themselves. Positive exploration results would mean an increase in resources. Although not all resources would be added to the UEX resource number but at the end it would be an increase (which in the end makes UEX more valuable).
Applying this principle would add uranium resources at a low cost/risk for UEX. Off course, I would hope UEX management to be business savy enough to carefully select the (under explored) as first opportunities to share with JV partners. Offset (higher) risk projects to other partners and in the meantime grow its own core resources to a higher level. To enable that some CAD $ from the JV's could be allocates smile
Agree. I believe this is what I stated in one of my earlier responses. Did not mean to be repetitive - great minds think alike I guess. LOL
Maybe in the current Market the above principle might be wishful thinking, however in an emerging bull market I would expect a movement where new uranium exploration companies would pop up like mushrooms from under the ground. I've read that in the previous bull market there were something like 400-500 uranium companies or so.
Anyway, I would like to understand your thoughts and insights on this subject.
I would hope that UEX can build up Christie Lake or Hidden Bay before farming out any other potential projects. Current prices are just too low for any more JV's in my view.
GLTA
Sorry to hear that the link is not working for you.
The part that made my ears explode makes reference to a timing issue that affects the carry trade and how it could end up competing with Cameco's need to buy their 12 million lbs on the SPOT market before year end.
Please try the link again. The link takes you to an article that has the podcast embedded into it. Click on the play button for the podcast and scroll to roughly 4/5 mark on the podcast. It is too long to transcribe into words here.
Let me know how it works out for you.
Another Anti-Nuclear Activist opens nuclear mindset.
another former ANTI_NUCLEAR environmentalist goes nuclear
Thanks to quakes99 re-tweet
Galloping Spot price - starting @ 4/5's of the way through this podcast...
...is some of the most interesting information about the Spot market that I have ever heard. I have no idea if it is correct but it is VERY INTERESTING and the source is somewhat credible to say the least. Just when I thought I was getting tired of listening I hit the 4/5's mark of this podcast and my ears exploded.
Brando Munro podcast
So what will be the leading indicator?
Junior miners?
Senior miners?
URANIUM ETFs?
All of the above?
So what will happen when the GALLOPING starts? Take your time - especially if you can outrun a team of horses.
Someone appears to be covering their shorts yesterday and today via BMO.
Take your time.
Does this tweet answer my question in previous post?
Today's Spot Price action
I don't know. Uranium pricing is just too damn complicated.
The uranium market is so friggin' complicated that even the threat of loss of electrical power cannot entice investors into the market.
Yet, nothing stops people from investing in Bitcoin (something almost nooooobody understands) and Pot stocks whose business models are less clear by a factor of at least 10 to 1000 when compared to Uranium's purpose and usefulness to humanity. As complicated as the Uranium pricing is, the business model is pretty simple.
No uranium = no electricity. No electricity = no computers and no ability to trade pot and bitcoin. Nothing could be simpler. Yet investors are largely being kept in the dark when it comes to Uranium. Perhaps the media is waiting for the lights to go out before they start reporting on the importance of U308. But then noone will be able to see the reports because the TV's and computers won't work.
What will it take to wake up investors to this most important source of energy on the planet today? What do we have to do? Make Uranium pricing even more complicated or does the industry simply need to complicate the concept of humanity's need for electricity?
Oh wait the need is so simple that it would be more complicated to make it complicated? Do this make sense? If not, then perhaps I should quietly remove my tongue from my cheek.
Can bid and ask be the same with no volume?
How can the bid and ask be the same price with no transactions taking place?
Bid $25.75 Ask 25.75.
Was this somehow hinted in yesterday's Uranium Future's zero Open Interest Number? Maybe.
Perhaps it is a volume thing. Perhaps the volume on the bid side is higher than the volume on the ask side and it is a form of 'all or none' situation. I really don't know but I get the impression that there is less and less uranium available on the spot market and none to speak of on the Futures market.
Oh man, are our computers about to lose power? Will the lights start going out? Nah! That can't happen - can it?
Uranium and Cobalt are both up today.
The 15 month LME Cobalt has just crossed $40,000.
Now I know little about the impact of the U308 futures market but I do notice that Uranium has been in the green for the past 6 out of 7 days and that there has been volume on only two days since Jun 24, 2019 or earlier.
For the first time in at least 3 months, we are seeing real volume in Uranium futures. Imagine that.
U308 futures. Finally, some real volume instead of just Open Interest. And now there is no more open interest. So what happens next? Higher bids?
What do I know?
SPOT IS UP AGAIN!
Numerco Twitter Feed
Hidden Bay Project
Geology
The Hidden Bay Project is 100% owned and covers over 200 km of highly prospective uraniferous exploration corridors where historical explorers exclusively focused their efforts towards the discovery of classic unconformity deposits. Historical exploration generally ignored the potential for the discovery of the new style of basement-hosted deposits being found today such as Arrow, Triple R, Eagle Point, Millennium, Roughrider, Gryphon, and UEX’s own Horseshoe and Raven Deposits.
UEX has identified over a dozen ‘hot spots’ on the property that have potential for the discovery of basement-hosted deposits at very shallow target depths.
Student Protests
From Alibongo888 Twitter feed
Nice to see that the current USA adiministration is ahead of them in calling for Nuclear Energy rebirth. This is something that the former administration objected to. Of course now that it is politically popular again the Liberal Dems are all claiming to be for nuclear.
Amazon Deliver Fleet goes EV
Amazon Fleet goes EV
Fun with figures - CORRECTED Horseshoe Raven
The current total value of UEX resources using today’s prices and 43-101 compliant resource numbers.
Cobalt __________$52,523,500.
Nickel __________$14,845,000.
Uranium _____$2,514,300,000.
Horseshoe Raven $893,822,500
PEA cost ______ $225,000,000 for Horseshoe Raven
Current Share price – You know what it is.
If Horseshoe Raven was to go into production it could fund all of UEX exploration costs going forward.
If the next Cobalt / nickel 43-101 doubles up and is sold for CASH, it could fund a lot of UEX future exploration cost. How many other exploration companies can say they have that option?
I realize that it is not that simple as portrayed above but UEX also has $5,000,000 in the bank while it drills and waits for SPOT to take off. I wonder how many Fund Managers have given that some thought.
Do your own DD. As I stated, this is intended to be a form of fun while we wait for what appears to be an inevitable rise in the price of Uranium.
Fun with figures
The current total value of UEX resources using today’s prices and 43-101 compliant resource numbers.
Cobalt ___________$52,523,500.
Nickel ___________$14,845,000.
Uranium _______$2,514,300,000. (Yes that is $2.5 BILLION)
Horseshoe Raven $583,822,500
PEA cost ______ $225,000,000 for Horseshoe Raven
Current Share price – You know what it is.
If Horseshoe Raven was to go into production it could fund all of UEX exploration costs going forward.
If the next Cobalt / nickel 43-101 doubles up and is sold for CASH, it could fund a lot of UEX future exploration cost without any more dilution. How many other exploration companies can say they have that option?
I realize that it is not that simple as portrayed above, but UEX also has $5,000,000 in the bank while it drills and waits for SPOT to take off. I wonder how many Fund Managers have given that some thought.
Then there is Hidden Bay, which I still urge Roger to poke a hole or two into the basement. The shallow stuff on top could fund the deeper stuff if it is there. It is worth a poke or two in my books.
Do your own DD. As I stated, this is intended to be a form of fun while we wait for what appears to be an inevitable rise in the price of Uranium.
Nexgen will be dropped from S&P/TSX Composite Index along with 8 other energy companies and two other non-energy companies. The index changes take effect on Sept 23, 2019.
This happened because the number of shares in the 'float' (i.e. shares that are held by non-insiders) is worth less than $500,000,000.
That is an interesting policy since a company with very large insider positions could be dropped from the SP by virtue of the fact that insiders hold a lot of stock in their company. Ironic is it not?
Many players may have seen this coming which could explain why Uranium stocks have not been performing. Boy or boy is the SP ever in for a surprise.
UEX was not affected by this move.
Spot up again this morning.
Numerco Twitter Feed
Fed lowers interest rates by .25%
Good for investors. Not so good for gamblers.
Uranium SPOT up again.
numerco tweet
SPOT Uranium up $0.24 and the asks go up to $25.75 as well.
latest numerco tweet
Cameco Volume maintains its pattern.
Once again Cameco share volume takes off at 16:00 hrs yesterday.
If you missed it, just look at a 5 day chart. For some reason the last second volume does not show for yesterday but it does show on yesterday's 1 day volume.
Why would someone set an algorithm to do this? Who would do this?
Can someone tell me how this figure comes about?
I don't believe that it is correct because I have never heard of any Uranium price going up $13.60 this year. I like what I see but I doubt that it is correct. If anyone has an explanation I would love to hear from you.
From Yahoo Finance
UxC Uranium U3O8 Futures,Oct-20 (UXV19.NYM)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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Quote Lookup
39.00+13.60 (+53.54%)
As of July 23 8:34AM EDT. Market open.
Summary
Chart
Futures
1D5D1M6MYTD1Y5YMaxFull screen
Do you want to help UEX share price?
If you have or you know of someone who has put up their shares of UEX for sale at a high price so that no one can borrow them for short selling then take them off the market NOW.
The more shares that show up for sale on the market depth, the worse it is for any share price because the market depth will indicate that there are more shares for sale than people are actually willing to part with. If there is a sudden reduction in the number of shares up for sale, the technical picture changes to look like fewer shares are going to be up for sale and any algorithms tied to the market depth are going to adjust their behavior accordingly.
Judging by the activity on the short market, I suspect that there is some amateur gambler out there who keeps adding to the short positions for UEX in the hopes that the share price is driven down because he/she had already taken a large short position and does not want to have to cover those short positions at a loss. I see this as being the equivalent of a retail investor trying to play the role of the market maker with the goal of having the share price drop. It does not work unless that retail investor is prepared to buy up a couple of million shares with a market order.
By removing shares from the overall market depth on the sell side, you can help to move the price which may start as a gentle move upward to a point where the short seller is caught having to pay whatever price shares are being offered at. Given the current volume of short positions, that would need to be covered that gentle rise could quickly turn into a much bigger turn around.
So why do I think this is an amateur gambler? My Crystal Ball has been hard at work and it tells me that if Mile Alkin is NOT SHORTING uranium stocks then NOBODY should be.
Of course, if you look at recent trades this morning buying up a bunch of single lots at $0.16 in the latter quarter of the 11th hour only to DUMP them at $0.155 a few minutes later you can see what appears to be illegal trading tactics. This might support my theory that some silly short seller / gambler is desperately trying to manipulate the price down so that the large short positions don't have to be covered at a higher price. Join me in calling on IIROC to investigate these suspicious trades.
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I meant to state 232 price not 282.
AKA Petition 232.
My apologies for the typo.
3 Barrels U308 vs 110,000 Barrels of OIL.
Imagine how much energy you need to ship 110,000 barrels of oil vs just 3 barrels of Uranium. Yet another reason to go nuclear.
The clip provided below is from Jan 2018 but the above statistic remains true to this day and will remain true for the foreseeable future.
What this clip also states is that Uranium Energy Corp has 99 million lbs of Uranium. Can you name another company that has just 0.4 million less at 98.6 million lbs of Uranium. I can. Any guesses from the readers of this post?
Uranium Energy has Vanadium. Can you name other metal(s) that the holders of that 98.6 million lbs of uranium has? I can. Any guesses from the readers of this post?
Uranium Energy has 1/2 the number of shares that the holder of that 98.6 million lbs has.
Uranium Energy currently trades at $1.03 USD or roughly $1.35 CDN. Before 282, it was trading at $1.45 USD and is headed back there according to the trend. Take away half of that for the number of shares ratio and you are left with $0.67 CDN where that holder of 98.6 million lbs should be by comparison.
Or, if you use the pre 282 price of $1.45 USD or $1.89 CDN and take away half of that for the number of shares ratio, you are left with $0.95 CDN for that company that holds 98.6 million lbs of uranium plus those other metals that are growing in strategic importance. If you are still trying to figure out who that company is, then you should spend more time reading this board.
Here is the link to the clip that I referred to above.
A clean air story with some important numbers for readers of this board to take note of
SPOT PRICE ROSE three times today.
I'm sure that everyone saw spot rise $0.38 today but also noteworthy (to me at least) is that it rose on three separate occasions today. One day does not a trend make but when was the last time we saw multiple spot price changes in a given day?
Malcolm's Crystal Ball has been spot on.
From Malcolm Rawlingson Tweet
Quote of the day - Tim Gitzel
Supply Gaps
I got this from quakes99 twitter feed once again.
be sure to the read the quakes99 tweet that corresponds to this image
LME Cobalt Price moving up again on all fronts.
Cobalt Graph
cobalt Trading Summary
While uranium dips on SPOT? Better start buying those candles folks.
numerco Twitter feed
Wow! Roger came across like a CEO.
When I first saw the intro by CRUX's Matthew Gordon that Roger had been interviewed, I got the sense from the tone that this interview did not go well for UEX. Then the interview was not being released on the day that it was supposed to be released. It kept getting delayed while other subsequent interviews were being published. But Roger's interview was nowhere to be seen so I really started to think just how bad was it? It turns out that the best was saved for last when it came to releasing the series.
Before I go on I must say that Matthew Gordon is a REAL Journalist/interviewer especially in contrast to some of the 'everything is great' interviewers that we see interviewing various miners today. Many of those interviews simply discredit the mining industry and the people that get interviewed by them. Frankly speaking, I was terrified when I heard about this interview. Mathew Gordon does a great job in a very fair way and he means business. He clearly is not only about the icing on the cake.
What I did not expect is for Roger to come through with flying colors the way he did in this interview. He came across clear, concise, classy, knowledgeable, honest, realistic and as a CEO that is in charge. Are there two Rogers? I don't know but if there are more than one, then I want to see more of the Roger that was interviewed by this really serious journalist.
Congratulations Roger. You did your investors proud in that interview. Even the audio was perfect. And thank you Matthew Gordon for doing your part in bringing credibility back to the mining industry.