Send PM
Followers 530
Posts 17566
Boards Moderated 42
Alias Born 10/21/2003

Re: None

Friday, 08/05/2022 12:06:33 PM

Friday, August 05, 2022 12:06:33 PM

Post# of 17712
LEU +3.29 to $36.37 The only fundamentally sound play in Uranium took off today on a big earnings beat. Centrus beat earnings with 37.4 million in earnings on 99.1 million in total revs. EPS of $2.51.

This was WAY over Q2 2021 totals of 11.6 earnings on 62.4 million gross revs.

Also secured $135million in new orders bringing their book to $1billion.

Centrus is the ONLY US Nuclear Regulatory Commission licensed provider of HALEU( High Assay Low Enrichment Uranium) This is the future of nuclear fuel in the new reactors and Centrus is in the drivers seat in the US.

https://finance.yahoo.com/news/centrus-reports-second-quarter-2022-200500824.html

Overall uranium stocks have done well recently, moving up from 0 to 30+% since I bought mid June. LEU has done the best followed by UEC. Long term contracts tend to be negotiated and closed in the fall of each year as utilities review their needs and secure long term supplies of U308. Will this be the kickoff to another big U308 rally? I think so. Ukraine/Russia has exposed the vulnerability of the current/future energy systems. Without ngas as the bridge fuel, the new fangled solar/wind/EV revolution doesn't work. A new battery storage solution may be coming but it ain't here yet.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE