Keeping the lights on with Nuclear Enegry!
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Another Uranium mine is closing.
Another mine closure Article thanks to numerco twitter feed.
I believe that this COMINAK mine produced in the area of 1 million lbs each year but it does bring to mind that mines do eventually run out of product. Even Cigar Lake and MacArthur will eventually run out. Deficit picture
Also, important to me is that it reminds me of the fact that some countries such as those operating in Kazakhstan do not have to report their reserves or grades using 43-101 standards like our western countries have to. They could have more or they could have less than they say they have. Investors really have no reliable way of knowing what grades and resources they actually do have.
We are told that they mine using very inexpensive heap leaching techniques but we really don't know how much more they can extract that way or if the inexpensive heap-leaching follows strict environmental standards the way the Western countries have to.
Let's face it, With communist countries getting into the game we no longer have a level playing field so why do we let them play in our parks?
Our miners deserve better.
Our investors deserve better.
Our planet deserves better.
Yesterday's post
I stated the following:
My Crystal Ball is working overtime these days.
I have gone on record MANY times about Technical Analysis.
For years now we have been seeing predictions based on
Cups
Handles
Mac D (Hamburgers ?)
Gaps (or Gasps)
and many technical terminologies that I can barely pronounce and much less remember.
I have gone on record several times that using Technical Analysis is like reading the Daily Horror scope. Simply put, Technical Analysis is akin to Astrology. Good for amusement but not too good for investors. Eventually, some Chartist will be right and yell "I TOLD YOU SO". I see it happen all the time.
Well I don't use charts nor do I use astrology. But I do have a trusted Crystal Ball and it is showing me some very interesting pictures lately.
Here are the latest pictures that My Crystal Ball showed me...
... Spot Uranium prices will fall some more. In fact, Spot fell $.05 as I was writing this message.
... Cobalt prices will rise but not in a visible way. This one had me baffled a little but I think I know what is going on.
... we are at the bottom (give or take a penny or two) when it comes to Uranium share prices.
... volume in Uranium Share trading is going to start picking back up in a very short time frame. Maximum three weeks. Prices will rise about two weeks after that - possibly sooner.
... 2020 will see sharp upward spikes in Uranium share prices. Uranium mining shares will do quite well and even better in 2021. The biggest winners will be those that bought at today's BOTTOM PRICES and hold on.
... UEX will not do a spin-out of CoEX this year and likely not even next year. For what it is worth, UEX may find it best to cancel the idea of a spin-out altogether. There will be better options available that will serve UEX shareholders better in today's and tomorrow's environment.
Don't ask me how my Crystal Ball shows me this.
Only I have the key to see what it does show me. I will take that key to my grave so that it cannot ever be abused in the way that Technical Analysis is being abused - not by the technical analysts but by those that have the ability to deliver the opposite of what those analysts show. The problem today is that there is TOO MUCH ANALYSIS of PAST INFORMATION, PAST PATTERNS and that lends itself to abuse.
I was wrong when I got excited about the potential for a spin-out of CoEX because I based that excitement on UEX's history and my personal past experience with that spin-out. When I sobered up and looked into my Crystal Ball, I now see a different picture. I should have looked into my Crystal Ball before jumping the gun on the share split. On this one I 'might' be able to elaborate later. For now, I will simply suggest that readers keep an open mind. Times have changed and may continue to change forward or back. Confused? Sorry about that. I'm just not ready to share that part right now. Some of you will possibly figure it out.
Of course, if my Crystal Ball turns out to be wrong I risk being laughed at but I have broad shoulders and a VERY OPEN MIND. (Hmmmmmmm, does that make me an air-head?)
Conversely, if my Crystal Ball turns out to be right, I won't say, I told you so. I will just celebrate along with all the others who held on to realize larger returns.
In any event, I will not be putting up the Crystal Ball for sale because that would be like selling my brain. Besides, who would want it.
If you want to remember any of my posts focus your efforts on my word math post. It is easy to dismiss Crystal Balls but it is difficult to argue with MATH.
33 'STAND UP FOR NUCLEAR' events EQUATION
Here is some word math:
Less Production + More Consumption + more SUPPORT for NUCLEAR = Less Investor Depression.
Somewhere this week I viewed a video on how Investor Depression is the best time to buy. I agree of course but the Investor Depression usually starts to set in when people are out of money to buy any more shares. Couple that with Tax Loss selling and you have a serious case of Investor Depression which many investors are currently experiencing.
Then, today I find this retweet by Uranium Insider. Who would have thunk it that a former Environmentalist would one day become one of Nuclear's biggest advocates. We are starting to see Mike Schellenberger on Fox News these days and all over the internet too.
In this link he informs his audience that there are 33 PRO NUCLEAR EVENTS taking place in the next few day. I wonder if any of these event participants are going to learn that there is a great investment vehicle called Uranium Mining Stocks.
Click here to see mike schellenberger
Thank you Mr. Schellenberger for standing up for what is right for the right reasons.
One of Rick Rules favorite sayings is "the cure for low prices is low prices".
Here is a quote that comes to my mind based on the Investor Depression theory.
"The cure for Investor Depression is an epidemic of Investor Depression".
As is the case with many ailments, sometimes some of those affected perish before an epidemic fades away."
LIVE LONG AND PROSPER
It could be due to tax loss selling jembers. Canadian Tax Law allows investors to sell a stock and record a loss that can be used to offset any gains made elsewhere. Stock loss selling usually takes place close to year end.
The Uranium sector has been hammered all year round in 2019 so Uranium stocks are prime candidates to sell this year for this purpose.
Here is the problem with doing that. In order to be eligible for a claim of stock loss, the seller must not re-purchase the shares for a period of 30 days within a non-registered account. They can buy them back sooner if they so choose, but then they cannot claim the tax loss if they buy within that time frame. It gets more complicated than that depending on how the volume of your buy matches the volume of your sell but that is the simple way to explain it on a one to one share basis. Lately, I hear that if you transfer your shares from a Non-Registered account into a Registered Plan, then you are also NOT ELIGIBLE for the tax loss. I'm not as sure on that one but that is what I have been told. Advantage Govt.
Given the expectation that SPOT PRICE will rise by year end, I suspect that some may be taking their losses now so that they can buy back in BEFORE the SPOT PRICE rises. The danger of tying to time your tax loss selling is that you sell 'low' and may have to buy back in 'high' before the 30 day period for you is reached thus negating any benefit of a tax loss. Simply put, its a gamble to take your tax losses at this time in an environment such as the one that we see ourselves in today.
IMPORTANT: I am not an accountant or a miner. I am an armchair investor posting on the internet. Consult your tax experts to see if there is any validity to the tax loss selling information made above.
NewCoreFish. My response to you was removed.
This is their website and I will have to abide by their rules so I cannot re-post it.
EOM
Eagle Point was mentioned by Roger in his CRUX interview.
Good timing for your post NewCoreFish. I saw that same announcement come in as I was in the process of investigating Eagle Point and MacLean Lake. I was doing so after having listened to the CRUX interview with Roger.
Here is what one write up on Eagle point states.
More simplicity - WOW!
Thanks to alibongo888 retweet
US Production is in a freefall
UEX Corporate Presentation updated again August 15, 2019
Aug 15, 2019 UEX Corporate Presentation
It seems like someone is doing a lot of work revising the Corporate Presentations. Check out the new emphasis on Hidden Bay.
But that is not all. The Aug 2018 West Bear Technical Report is scheduled to be revised in Dec 2019 or Jan 2020. Most Investors don't read such reports because they are really hard to read. In fact the Politically Correct people might suggest that such reports should come with a WARNING!
WARNING! May cause head to explode. Unless you dig deep and find the gems such as how little the mining costs per pound for West Bear are.
Nuclear needs to Simplify message.
There are some really great reports out there much like the one that I just posted from Equity 8 Capital. However, simplicity is NOW what the Nuclear Energy industry needs to promote the BENEFITS OF NUCLEAR. I found this on the UEX twitter feed. This is exactly what I am talking about. Copy this article and get it out there. Once the new uninformed investors get hold of it they can then knock themselves our with all the great detailed reports that have been out there for some time now. Personally, I like simplicity. Its like my Crystal Ball. It shows me a picture and then I usually get it without having to explode my brain with hundreds of pages of mind boggling details.
Don't get me wrong, details are very important. But if you are looking to get the attention of your desired market, then the KISS METHOD is usually the best way to do that. Someone at UEX has learned this judging by the QUALITY TWEETS coming out lately.
Here is SIMPLICITY exemplified. Pass it on all your Twitter feeds.
UEX Twitter Feed - Nuclear Simplified
Meanwhile Doug Casey continues to promote 1-1-8 Technology. He had yet another blast about 1-1-8 this past weekend.
Casey is always ahead of the crowd. Given that he has been at this 1-1-8 promotion now for about a year, we must be getting close to the start line.
20% Cobalt can take EV Battery 1,000,000 miles.
That's a lot of cobalt and Nickel to boot.
From UEX Twitter feed - Mining.com article about 20% Cobalt Million Mile EV battery
Two Two Two Mints in one. Uranium, Cobalt and Nickel. Oh wait. That is Three mints in one - but who's counting?
Equity 8 top explorer pick is UEX. Rising tide!
Thanks to quakes99 twitter feed. A Rising Tide will lift all boats! That is what happened in 2004 to 2007 but only for those that held shares. Do you own your share yet?
Equity 8 write up
A rising tide will lift all boats.A positive nuclear and uranium outlook should lead to higher uranium prices and better uranium stock performance all around. Producers are already leading the way, up 6% last week. From our coverage universe of 17 companies, we recommend U Participation (U-T, BUY, C$6.60 TP); Energy Fuels (EFR-T, BUY, C$5.60 TP); and Ur Energy (URE-T, BUY, C$2.55 TP). Developers of choice include NexGen Energy (NXE-T, BUY, C$6.95 TP); Denison Mines (DML-T, BUY, C$1.80 TP); Fission Uranium (FCU-T, BUY, C$2.00 TP) and Uranium Energy (UEC-US, BUY, US$3.40 TP). Our top explorer pick is UEX Corp. (UEX-T, BUY C$0.45 TP) given its Co and high grade uranium. In the USA, both Peninsula Energy (PEN-ASX, BUY, A$0.60) and Azarga Uranium (AZZ-T, BUY, C$0.50 TP) are also positioning themselves, but we await technical and permitting milestones before we can pound the table. Cameco (CCO-T, NEUTRAL, C$15.00 TP), the only North American large cap uranium stock, would likely see relative investor interest should uranium prices rebound.
Lambs are being fleeced.
lambs are being fleeced.
Is some shorter trading via Instanet using small single lot trades to drive the price down? Easy enough to find out for IIROC that is.
California dreaming in the dark.
The lights have finally started to go out.
And then there is this opinion.
Now is the time? Lobo Tigre. When the logjam breaks.
So who is right? Lobo or Politicians?
We don't need electricity anymore.
That is why the price of Uranium keeps falling. There is no other explanation. It makes sense when you listen to all the politicians who came up with a better solution than Nuclear power.
The proposed Carbon Tax will solve the CLIMATE CHANGE HOAX and as a result the world will no longer require any form of electricity. Hence we don't need any fossil fuels like oil and gas or uranium anymore.
Taxation is the answer to everything. Stop the drilling. Stop all exploration. Turn the energy miners into tax collection agencies. We need to deal with CLIMATE CHANGE NOW in a way that only politicians can - through more taxation.
VERY SUCCINCT article from the Mining Journal
The Mining Journal
He remains bullish on a rising tide for uranium. "The results of discipline are coming. You cannot take 70Mlb off the market and expect nothing to happen. There is a rebalancing taking place right now."
"You cannot have a 200Mlb/y global uranium market contracting only 25-40Mlb in a given year. The utilities are building up a bigger liability for purchasing in the future, like the contracting that took place in 2007 at the top, which is still serving companies like Cameco today.
"However, those contracts are rolling off now, and utilities continue to buy on spot or engage in short-term contracts. We think the final outcome of the working group's review will potentially trigger a return to long-term contracting."
Remember the Petition 232 deadline?
The same thing happened then as is happening with the new deadline. SPOT price started to fall before the deadline.
Yet this is a comment that I clipped from a widely spread and hopefully widely read report that was dominating twitter feeds yesterday.
The simple facts remain that the industry continues to produce half of what utilities consume, that almost no new mines are being developed and that inventories continue to be drawn down at high rates.
Thanks for sharing that NewCoreFish
This is why I encourage people to join this board. This type of information is needed to stimulate discussion and alert those that have not been following the Great Uranium Story that unfolds as we wait.
Crux has a very pragmatic interviewer and that is a good thing to see but in this interview he neglected...
...the value of discoveries.
...the importance of location.
...the very low number of exploration companies with discoveries as compared to the last run up.
...the value of market momentum. Perhaps it is because he did not take into consideration the fact that the funds have not yet kicked in. Once investors become aware of the Uranium Macros, those funds will be inundated with cash that will HAVE TO BE INVESTED IN - Uranium exploration and development companies.
I appreciate his cautious approach, it is refreshing but, at the same time, greatly underestimates what Uranium Investors are going to experience once those Macros become understood by the general investing public.
I realize that this interview was not about UEX but it seemed to dismiss by omission, the value of companies with discoveries and great potential for many more discoveries. So I would like to take this opportunity to bring up some important points that any new listeners may wish to take into account when making their investing decisions.
As for UEX...
...it has discoveries.
...it has location - Christie Lake between McArthur River and Cigar Lake mill sites.
...it has Hidden Bay and Horse Shoe Raven also near mill sites.
...it has some of the best exploration properties and ALL OF THEM are in the best Uranium jurisdiction in the world.
...it has demonstrated in the past (while amongst a much larger field of Uranium Exploration companies 400 then vs 40 today) that it can have extreme momentum behind it. In other words, it has more pontoons than many other boats. And by the way, I do believe that a rising tide does raise all boats especially those with more pontoons such as UEX has.
...it has $5,000,000 in cash.
...it has value in its very shallow Cobalt and Nickel discovery that can be converted to CASH WHEN THE TIME IS RIGHT.
So, on that basis, any listeners would be well advised not to simply look for producers or companies with mills on their sites. They will do very well of course, but those explorers such as UEX with discoveries who have been hit the hardest will bounce back the highest.
If I omitted some things then please let the readers know.
India buys electric buses
India buys electric busses
I guess Hot Wheels is in trouble.
Guess who Tesla just purchased!
batteries anyone?
A response to my picture question.
Darcy response to alibongo888 tweet of my post
My response to darcy.
Thanks for the information. I agree on the brownish stuff being sandstone.
In terms of the size of the core boxes I see at least 5 boxes with each box narrowing the sandstone interval from left to right.
I was estimating that the WIDTH of the box is 4-5 feet wide. I count roughly 15 core samples of the browninsh stuff in one of the boxes which when multiplied by 4 feet gets me 60 feet of sandstone. As such, I feel these are newer drill cores. As for the stuff below the sandstone, I have no idea what it is but this is what the Christie Lake geology reported in the past.
Geology and Mineralization The Christie Lake Project is located in the south-eastern Athabasca Basin, underlain by late Paleoproterozoic Manitou Falls Group sandstone, conglomerate and mudstone. The shallowly dipping sandstones of the Athabasca Basin lies unconformably upon Archean granitic gneiss and early Paleoproterozoic metasedimentary gneiss rocks of the Wollaston Domain. The project lies within the western part of the Wollaston Domain, which is part of the Cree Lake Mobile Zone of the Trans-Hudson Orogen. Unconsolidated Quaternary glacial and periglacial deposits, consisting of ground moraine, esker, drumlin, outwash, aeolian and lacustrine sediments, effectively mask most of the bedrock in the area and can form a cover up to 90 metres thick.
The Paul Bay, Ken Pen, and Orora uranium mineralized zones are located in the northeastern part of the property, in mineral disposition CBS-8027. The northwest part of the project area is cut by the Yalowega
3CU002.000 – UEX Corporation Technical Report for the Christie Lake Uranium Project, Saskatchewan, Canada
Page iv
JCS – AM - DFM / gc - ah
UEX_Christie_Lake_Technical_Report_3CU002_000_JCS_AM_DFM_gc_ah_20190201.docx February 1, 2019
Trend Fault, interpreted as an extension of the P2 Fault that hosts the uranium deposits at the McArthur River Mine.
In the eastern part of the basin, where the Christie Lake Project is located, the Athabasca Group is represented by the Manitou Falls Formation and is an approximately 400-metre thick sequence of quartz arenite sandstone with minor conglomerate beds and trace mudstone beds.
The Wollaston Domain is a northeast-trending fold thrust belt composed of remobilized Archean basement and overlying Paleoproterozoic supracrustal sequences of the Wollaston Supergroup. At Christie Lake the hanging wall lithologies of the Wollaston Domain are mostly semi-pelite paleosome with intervals of pegmatite textured neosome. The footwall lithologies are more quartz-rich composed mainly of psammite and quartzofeldspathic gneiss. The base of the hanging wall is characterized by an interval of graphitic pelite, oftenfaulted, that is spatially related to uranium mineralization.
The Paul Bay Zone is an 80-metre-long mineralized body that plunges for at least 200 metres to the southwest from the unconformity and follows the dip of the faulted Lower Wollaston Domain graphitic metasedimentary rocks characterized by an interval of graphitic pelite. The Ken Pen Zone is approximately 260 metres to the northeast from the Paul Bay Zone, striking in a northeast direction concordant with the Yalowega Trend Fault.
Ken Pen plunges about 80 m into the basement from the unconformity with a plunge that is similar to Paul Bay. The Orora Zone is located approximately 360 m northeast of the Ken Pen Zone. Orora uranium mineralization manifests dominantly at the unconformity, approximately 420 metres below surface and can extend up to 40 metres into the basement rocks along the Yalowega Fault.
The mineralized zones along the Yalowega Trend are associated with intense fracturing and brecciation and have a bleached argillic alteration halo extending up to 35 metres above the mineralization. The best uranium mineralization is associated with breccias in the lower part of the Yalowega Trend Fault Zone. Alteration haloes associated with the mineralized zones at Christie Lake are typical of Athabasca Basin uranium deposits and are dominated by silicification, hematization, precipitation of drusy quartz and illitization with massive quartz dissolution and intense fracturing. In the basement rocks the alteration typically consists of hydrothermal illitization, chloritization and the development of dravite, which is superimposed upon and commonly obliterates the paleo-weathering profile. The alteration styles at the Christie Lake Project are found as haloes around the mineralized zones.
Cameco volume streak continues.
It matters not whether the price is going up or down Cameco Volume continues to spike each and every day at 16:00 hrs.
A real bear market.
Is this what a Bear Market looks like?
Check out all the pictures and video while you are at it. I have not gone fishing for a while. Maybe I should wait for the Bull Market.
Is something hiding in plain sight?
UEX tweet August 30, 2019
Enlarge the photograph in the tweet. Do you notice something in this photo? It bugged me for a long time that there was something there to see so I kept looking at it over and over again. I stared at it for long periods at a time. I kept coming back to it from time to time. And then with some help from my Crystal Ball, I saw it.
A VERY LONG INTERVAL of something in many drill holes. I estimate between 40 and 60 feet of interval. But what is it? Sandstone?
The problem is that I'm not sure that I should speculate on what I see. So I have to do more DD but how? Do your own DD and don't jump to conclusions but do contribute any knowledge that you may have about this photo. I'd love to hear from someone with drilling and geological knowledge.
Here's a good reason to cover those shorts in UEX.
Yet another fund includes UEX
Link obtained from quakes99 twitter feed.
Here is a good reason to short UEX.
According to the Democrats, the EV Market is in a constitutional crisis due to the introduction of a new disruptive technology that won't require Government subsidies.
New Car Technology is replacing the need for Electric Vehichles
One new nuclear plant required each day.
So the math here is simple: to achieve net-zero carbon dioxide emissions by 2050, the world would need to deploy 3 Turkey Point nuclear plants worth of carbon-free energy every two days, starting tomorrow and continuing to 2050. At the same time, a Turkey Point nuclear plant worth of fossil fuels would need to be decommissioned every day, starting tomorrow and continuing to 2050.
I’ve found that some people don’t like the use of a nuclear power plant as a measuring stick. So we can substitute wind energy as a measuring stick. Net-zero carbon dioxide by 2050 would require the deployment of ~1500 wind turbines (2.5 MW) over ~300 square miles, every day starting tomorrow and continuing to 2050. The figure below illustrates the challenge.
Orange Juice anyone?
Orange Juice Anyone?
The market moves very slow until it doesn't
Uranium insider tweet retweeted by LadyLisaDCantu
Will the Impeachment hoax disrupt Trump's ability to make a decision on Uranium?
The current impeachment process is a fake process. I say fake because Trump did nothing wrong especially when compared to what Biden bragged about doing click here to see video and because the Democrats are calling this an Impeachment 'Inquiry' as opposed to actually voting on an Impeachment 'process'. The latter of which is actually a real hearing which they don't want because they can't win it. The 'Inquiry' merely allows them to use the word Impeachment over and over and over again so that they can feed their base with the usual BS.
So the answer at this point is NO. The 'Inquiry' cannot result in a delay of Trump's decision. However, what the Democrats are really trying to do is to TRAP someone in Trump's administration into lying about whether or not they brushed their teeth 4 months ago so that they can then claim high crimes and misdemeanors (lying to congress) against anyone in the Trump Administration. Then they want to remove the investigators (AG William Barr) to stop the release of the REAL CRIMES that took place prior to and during and after the 2016 election that will one day become known as the Democrat Spy-Gate scandal.
This stuff is getting old but it could keep the markets down until such time that the REAL CRIMES of the Deep State get exposed and that is expected to take place by month end unless the Democrats can stop the AG William Barr. If they succeed in trapping someone into a lie about brushing teeth, then we move onto another yet long drawn out phase of uncertainty.
So once again, investors are subjected to more wait time and more uncertainty. The question is HOW LONG? Meanwhile, I'll bet that the Russians and Kazaks and China are laughing their donkeys off while signing cheap LT contracts with the Kazaks or possibly buying product that is being sold off the SPOT or LT market or investing in some African countries to secure their own supplies. I don't trust any of those countries. Never have and probably never will.
When nothing makes sense, then it usually means that there is a lot of BS taking place. They should have an index called the 'BS Index' where those countries could list their stocks. London should not allow any of those countries to list their BS on their exchanges.
So many opinions. Who is right?
from quakes99 retweet of VimyResources
The above chart reminds me of the weather reports. Some will be right and some will be wrong.
It also reminds me of a broker that once stated the following when I asked about a certain stock. His words of wisdom were:
"It could go up OR it could go down." That is when I switched to online trading.
Frankly, I like Munro's detailed explanation the best when it comes to the SPOT price. I don't know if he is wright or wrong but at least there is substance to his thought process.
So who is right? Munro or MacQuarie?
Brandon Munro as the interview I posted recently with a note to go to the 4/5 ths mark or is it MacQuarie who is allegedly shorting Uranium Stocks.
Brandon Munro interview
or
Travis McPherson Tweet about MacQuarie
or
The MacQuarie report that came out today as posted by GSTbay1060?
Correction to my earlier post - Apples to Oranges.
My mistake. My apologies.
quakes99 is reporting Sept month end numbers.
numerco is reporting Oct 1 closing price.
October 1, 2019 Barchart
SPOT is not SPOT ON. Huh!
Numerco SPOT price tweet
quakes99 U308 and other Uranium prices tweet
What will the Futures show? Up $2.35? LOL
Does anyone have an Aspirin. My head hurts.
Cobalt 27 gets more money?
Cobalt 27 News Release
Cobalt 27 was once trading at $12.00 per share when cobalt price was double what it is today.
Thanks to SirUranium tweet about trading halt.
Meanwhile Cameco volume continues to spike at every day end. To see what I mean, look at 5 day chart.
Looks like the MacQuarie findings are impacting SPOT price and Uranium stocks too. Thanks for sharing.
Drill Results are in for Canalaska.
CVV announced the start of their drilling program on Jun 29, 2019 and today announced a single and very deep drill result. There was mention of some cobalt so it seems that other Uranium players are starting to test for cobalt as well. It will be interesting to see if Roger could monetize the database and geological knowledge that he has accumulated with the West Bear 'Elephant' anatomy analogy. (Elephant in this case refers to dissection of body parts and does not necessarily imply size.)
UEX announced the start of their drilling program at Christie Lake on Aug 13, 2019. If one was to use the CVV timeline as a benchmark, the Christie Lake results should be coming in 6 weeks provided that they found something.
Meanwhile, the SPOT price for U308 is up $0.10 while the bid and ask are both down. In an era of so many SMART DEVICES the markets don't look to SMART to me.