Uranium Bull Market

Phew. What a day. Looks like buyers returned in strength.

Not really sure what the catalysts were, closest thing I could find was France backing nuclear. Not surprising really, they're about 75% nuclear and have the lowest emissions in the EU as a result.

Hope anyone that bought in recently saw their positions rise.

Another positive catalyst: Kazatomprom, the world's largest producer of uranium has announced they are starting a physical fund along the same lines as Sprott.

Strong past couple of days too, getting hit with the rest of the markets today though.

Which is your favourite uranium stock Rain?

Like if you had to pick one only which would it be?

A bloody day for U stocks, getting fecked over by the general market. Wonder where the bottom is.

Right, so the final flush down of this correction phase...Going to use my crystal ball and say it'll be this week.

Hopefully on to a new leg up and higher highs.

You're in the wrong parish for stability.

All good holds though. Come back in a years time and they should be returning a handsome profit.

Barring another Chernobyl or market meltdown that is...

Right, I can't be sure is the bottom in on this dip but today was decent enough. Started red and came back strong green in the end.

Could have just been people grabbing the opportunity and hoping for a bounce off the 200dma.

Out of all the ones you listed UEC are the only ones I'd avoid. Not because they won't do well, as a matter of fact they'll probably do really well.

It's down to the snake oil CEO and team with excessive salaries, topped up even more by their management fees for running and consulting on other uranium business they've set up.

Their dilutive raises tend to go into pockets and not into the ground. I don't think they've ever produced uranium before and in every interview the CEO does he talks up their assets without ever once mentioning a timeline to production, or for that matter, even path to production. I doubt they'll ever produce uranium.

But like I said they're American, they've got 'Uranium' in their name. They'll do well.

Why Yellowcake and not the Sprott Physical Uranium Fund? Is it not available on your trading platform?

I think Energy Fuels will be huge into the future, their REE angle could see the share price at a 4x alone from here.

Cameco I think will surprise people. There seems to be a trend of bashing then lately but they are no fools.

It's in the doldrums right now. Potentially a good time to buy. If I had more cash I'd be buying.

When it runs, it runs hard. Buy a day late and you could be missing out on 15%. Buy a day early and you could lose the same. I think this sector above maybe all others is a testing ground for how strong your psychological game is.

On the subject climate change it looks like the decision on the EU green taxonomy will be delayed into the new year. No doubt a lot of horse politics going on.

Best of luck!

There's been a development in Kazakhstan. Unfortunately the country is experiencing civil unrest.

Kazatomprom are the world's largest producer of uranium and are located there as the name would suggest.

How this plays out in the markets is anyone's guess at the moment.

On one hand Kazatomprom are the corner stone of the uranium ETFs and a sell off from people holding them via ETFs could impact the whole sector. On the other hand other producers, including Cameco, could see money rotating in. And Cameco tend to be the other main holding of the ETFs.

China recently also struck a deal with Kazakhstan to locate a uranium store near their border. Depending on the severity and impact of the unrest this may cause them to look upon Kazakhstan as a risky jurisdiction and they may look else where, which would of course benefit the African producers/developers.

Interesting times indeed.

In general U market news we've been doing well the past few days.

I've gone in to full Ostrich mode and haven't checked my account in two to three weeks. It's a healthy enough habit once you're happy that the thesis hasn't changed. And it hasn't.

The next round of buying I'll do will be in early March. I'm selfishly hoping that the current bargain prices are still on offer.

Hang on in there, 2022 will be a great year for uranium miners!

Still tipping away myself and accumulating each pay day. Went into the red for first time a week ot two ago. Learnt to stop checking each day as the swings are mental. Even in a single day

All change over night, an attack and fire at Europe's largest nuclear power plant has seen ASX based U stocks tumble overnight.

The fire was in an admin building and poses no threat to the generating plant. Nevertheless there's nothing like sensationalism to grab a headline and induce panic selling.

Hoping some funds land soon and I can buy the dip....however long it lasts!

Anything in mind? Hope you don’t mind me asking, I’m thinking of buying myself