#uranium
- Up a bit every single day both this week and last week... up 10% in total over the period! Its completely ignoring the noise in other commodity markets! 🔥🔥🔥
Hey
@quakes99
- Can you just go ahead and stay awake 24/7 these days?... there's so much positive
#nuclear
and
#uranium
news these days it's getting hard to keep up with!
#uranium
- $CCJ is getting to valuation levels where it starts to make sense for them to acquire $NXE or $FCU (or both), or $DML. The Westinghouse deal and recent performance bulked them up nicely to do something to upgrade their long-term resource / production profile
With
#uranium
just under $50/lb and term / fwd curve looking progressive here, the stocks look incredibly cheap... hard to go wrong buying $CCJ at 22 or $KAP at 26 under these conditions!
Looks like Cameco just put out a tender for 500klbs
#uranium
for Q4 2018 delivery - non-Russian origin material - bids due end of the month! - guess the buying is real and it's starting!
Views from $AGY $AGY.AX Rincon Stage 2 - 1. Production well - 2. Brine concentrating in one of the existing ponds - 3. Basic camp and maintenance facility - 4. Additional new pond construction in full swing
The only real issue with $CCJ results is the disappointing amount of real leverage they have to
#uranium
price - They're at 44x '23 cash flows and probably at ~30x '24 (if you assume US$100/lb spot for the year) - There's much cheaper alternatives in the space
18% upgrade in total
#lithium
resource for
@ArgosyMinerals
today with all material now in the higher geological confidence category of 'Indicated' - see the announcement for details! $AGY $AGY.AX
When I was reviewing the
@ArgosyMinerals
draft quarterly this week it struck me just how much we have done so fast! Can you believe we only started development in Feb 2017 and already have industrial scale Sage 1 plant and all those ponds!
#alurraldeislithium
$AGY $AGY.AX
I'm super excited the Rincon Stage 1 plant is switching on this week on schedule - with a renowned chef in the kitchen starting the cooking, the proof will be in the pudding!
#lithium
$AGY $AGY.AX
#alurraldeislithium
Couple of very average PFS released in the uranium space last 10-days. If ur using 2x or more the current price and can barely eek out a +20% IRR (or not even) for a project in Africa its not quality people!
#uranium
End of an era from when I founded this one in 2012! - Congratulations to Blake and the team! Looking forward to seeing Bill and Paul take
@enCoreEnergy_EU
to the NYSE!
#uranium
$AGY I have tried my best to fill in the gaps but hard to provide more detail given confidential nature of the process - already all eyes of competitors are on us having come this far in record time, particularly having cracked the nut on the key deleterious elements!
Nuclear energy made it into the EU Taxonomy as a compliant investment! Happy New Year gift to planet
#uranium
and a sensible decision! 🥳🥳🥳
Useful thread by
@MehreenKhn
👇🏼
$UUUU - You have a stock in the sin bin for materially underperforming peers last 6-12 months... what do you do? - Buy something in Madagascar which has a terrible mining code and significant local opposition to new mining projects! EF for the win!
Was just discussing the state of resources markets with a friend, so I pulled this chart to confirm... Bloomberg Commodity Index only 4.8% above its low of 2016 and only 7.2% above the low of 1999... down 2/3 from it's high in 2008... hard to see things getting much worse!
#uranium
- The largest, lowest cost producer
@NAC_Kazatomprom
only made US$150M in operating cash flow last year! That's all the best ~40% slice of the industry could muster at current prices! - Demonstrates prices need to go up substantially for a sustainable industry to exist!
Some good value in the markets now... I'm particularly intrigued by the 10-20% sell-off in
#uranium
stocks in the last two weeks whilst uranium remains at 24-month highs and is not a commodity that correlates closely with IP/GDP
Congratulations to
@ArgosyMinerals
for receiving approval for the ~2,000ktpa operation at Rincon Lithium Project. Good to see the Salta Province Government onboard with our plans! Well done to the team!
#lithium
#argentina
#Salta
$AGY $AGY.AX
@billyen22
True Billy! You have good info! - he's not technically an insider so there's no formal filing but ur right he did buy a chunk... I don't think he'd mind me confirming that given how supportive he is of Jerko and the $AGY partnership.
$AGY.AX just announced completion of initial Stage 2 evaporation ponds and completion of first production well! - Love the picture of gushing brine at the production well!
#lithium
#alurraldeislithium
I'm fascinated by the
@DenisonMinesCo
transaction. In a sector where its harder for funds to squeeze the physical market, it makes sense for industry players to do so on their behalf!
#uranium
@SylvainBaude
$FREXA0014078
We will also assess how the gas, electricity and ETS markets function.
We need more renewables. They are cheaper, carbon-free and homegrown.
We also need a stable source, nuclear, and during the transition, gas.
This is why we will come forward with our taxonomy proposal.
With current spot ~$100/lb and a 10% production miss $KAP could still see its 2024 cash flows grow 2-2.5x vs 2023... no other senior has comparable leverage!
#uranium
KazAtomprom $KAP announcing revision to 2024 production target (previously: 25.3ktU) - We currently est. 23.2ktU, which is still ~9‐10% growth vs. 2023 but let's see what they come out with 1 Feb!
#uranium
👇🏼👇🏼👇🏼
I hear a domino falling - Mazda was one of the last hold outs - As recently as six months ago they were touting super efficient ICE as the solution - I guess they now realise that electrification will be cheaper and will be more likely to meet future regulations!
$AGY announcement today confirmed: (1) no problem with key deleterious elements for battery grade (eg, Mg / SO4); (2) clear pathway to battery grade production once gas distributor does their job; and (3) all other key workstreams in progress. All good! $AGY.AX
Based on how long virus shutdowns lasted in Asia, I assume Cigar Lake closes for 8-weeks. That's 2.8Mlb uranium gone from global supply, of which Cameco's share is 1.4Mlb. With their inventory already <3 months, likely Cameco buys all the lost material in the market.
#uranium
Big move by Bosh to invest €20BN in a 200GWh Li-Ion battery plant... we met a company in China last week gearing up to supply cathodes to this venture!
#lithium
$AGY.AX
#Lithium
- From SQM's conf call "lithium demand continues to grow at record rates and should be >20% more in 2018 than last year. Average prices during first three months of the year >US$16,000/t... We believe this price pressure will continue through first half" $AGY $AGY.AX
Nobody should underestimate the impact of this 'landmark' court ruling in Europe. It has the potential to accelerate the death of diesel across the entire continent and accelerate the adoption of
#EV
-
#lithium
$AGY
Shortly after the diesel emissions scandal we said: "The days of diesel engines in urban centers are numbered, rules disincentivising their use will come slowly and then all at once". Approaching the 'all at once' point now.
$AGY - I'm frankly quite shocked at the reaction... the announcement this morning confirms how far we have come and how close we are to achieving the main goal!
Jerko will present at the Bloomberg HKEX Asia Metals Seminar on 15 May (day after AGM) in HK during LME Asia Week - very prestigious, only
#lithium
company invited! Looking forward to it!
@ArgosyMinerals
$AGY $AGY.AX
I think we're gonna hear a lot this coming week about small-modular reactors (SMRs) - market size, growth, underlying uranium demand etc... should be exciting!
#nuclear
#uranium
#WNAsymposium
$SMR
.
@cameconews
results out - additional ~2Mlb of
#uranium
purchases for 2019 - indication they're at the end of inventory draw-down - business so exposed to purchases that their cash flows decrease as short-term uranium price increases... We're very close to the uranium turn around
Another cargo of
@ArgosyMinerals
high purity battery quality >99.5% lithium carbonate exported from our Rincon Project and shipped to our Korean customer.
Proven and successful clean technology that no peer has achieved.
$AGY moving forward.
Kazatomprom announcing production reduction of up to 10Mlb due to COVID19. With this, we now predict a total of 14-17Mlb of COVID19 related losses for 2020 uranium mine production. ie, 118-121Mlb total production vs. old forecast of 135Mlb!
#uranium
#FREXA0014078
@SylvainBaude
“As the impact of COVID-19 continues to be felt around the world, Kazakhstan has taken strong steps to slow the spread of the virus,” said Galymzhan Pirmatov, chief executive officer of Kazatomprom.
Chinese Ministry of Environment and Ecology has given approval for two new
#nuclear
power projects (in Fujian and Guangdong) - this marks the end of a long hiatus for new project approvals!
#uranium
$FREXA0014078
Cameco admits in its MD&A it slowed
#uranium
purchasing in Q3. Only 14.3Mlbs purchased in 9 months to end-Q3 but still forecasting total purchasing at 21-23Mlb for full-year, means Q4 purchasing rate likely 3.5-4.5x the rate of Q3 where they only bought 1.9Mlb! $FREXA0014078
#uranium
- unusually large arbitrage between converters has been closing and forward curve returning to some semblance of contango, all without spot breaching US$30/lb. Bodes well for a more bullish allocation going into the Autumn!
@SylvainBaude
Wow! Just after closing up US$0.25/lb yesterday,
#uranium
opening match price is up another US$0.25/lb this morning at US$23.75/lb - this is getting really interesting!
The EV space is becoming so crowded... good for consumers but not so good for margins for those players... best way to play the EV revolution from here is through the raw materials suppliers!
BREAKING: Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia - sources