X

@WilkesWIH @NCAADIII @DIIIHockeyNews @WilkesColonels - hey there, Wilkes and NCAA DIII... Where exactly do I find the free stream for the women's hockey game - as required the league? I can only find a ripoff paid stream that's going to cost me 20 bucks to watch the game.

@AnnRolle_ @CBCNews Exactly - a huge gap in this story as to why she ended up attempting to get in from the Mexican side? Denied at the Canadian side, you're obviously flagged in the system...not a very transparent fear-mongering story.

@CBCNews Unlike Canada,other countries expect entry and work rules to be followed. She was well aware her papers weren’t in order.

Jasmine Mooney's smile went viral after the 35-year-old Canadian was taken into U.S. custody at the Mexican border in March, but her story is now whispered in fear. cbc.ca/news/canada/br…

@EstebanV333 @RickRuleRulz To be clear: backwardation is NOT the norm for U. Over the past 20 years, monthly LT price ranged from 47% above spot to 43% below spot, but on average, LT has been about 15% HIGHER than spot, and was higher than spot for 201 of the past 242 months.

@RickRuleRulz This does not sound promising for investors unless those contracts are very advantageous.

"A much more important trend for #uranium equity investors is the rising prominence of the term market, where uranium producers will be able to lock in contractual pricing and volume contracts for as long as 20 years with investment grade counterparties."

@quakes99 The ever-bullish Quake-Take (which I absolutely share for the long term of nuclear)...that said, I believe the bigger influence on Friday may have been quadruple witching. tradestation.com/insights/2024/…

📝This week Canadian high net worth investors, traders, trusts, companies & other taxable entities were selling all their #Uranium #mining #stocks winners✂️ in order to lock-in capital gains at 50% inclusion rate before the 24 June deadline when it rises to 66.7%.😱⌛️ Didn't matter how spectacular the #Nuclear & #Uranium news was this week📰🎇🎆😲 because they were selling their portfolios no matter what!💰✂️ That put a lot of downward pressure on many U stocks📉 especially those that have clocked in many hundreds of % gains over the past 5 years.🏆 Some U stocks were up on the week but most were down in yet another dip-buying opportunity.🔥🛒😃 The good news for longs is that all these sellers are now flush with cash💰💰 that they'll be using to buy back those same #Uranium stocks after June 25th to re-establish their long positions📈🛒 driving share prices higher as the consensus view based on today's 'best ever' fundamentals is that U stocks are likely to rally strongly in Q3/Q4 once these capital gains and month-end & quarter-end adjustments are over.📈 Nothing is ever easy when it comes to investing in the stock markets😟 especially in such a high volatility sector like #Uranium where multiple large pullbacks are the norm on the path to being 10-baggers over the long run.🎢 We've never seen such strong fundamentals for #Nuclear #energy and #Uranium stocks like we're seeing unfold today.💪 Make the most of every opportunity to accumulate and build positions while shares are being offered at bargain prices.🎁😃 The future is looking extremely bright for investors in the Uranium space!🌞⚛️⛏️💰🤠🐂

@northernminer What a horribly misinformed story.

Growing Uranium Supply: A Warning for Investors Rising #uranium prices driven by strong demand and inflationary pressures could face challenges as increased global production threatens to balance supply, affecting long-term bullish outlooks for investors. northernminer.com/commodities-ma…

@CanthitaShot1 @CruxInvestor If you apply an "instant gratification" mentality to nuclear, you'll be disappointed - there's always a lag. Most of what happens in the market today - new builds, spot price rise, supply disruptions - impacts the long-term. A restart in Germany would need U now.

@CruxInvestor Funny that every countries announces new reactors but very little reaction in equities. However if Germany was to announce nuclear equities will double. Odd

Uranium & Nuclear Nibbles #211 Netherlands Strengthens Commitment to Nuclear Energy with Plans for Four New Large-Scale Reactors The incoming Dutch government is set to support the construction of 4 new large-scale #nuclear power reactors in the Netherlands, signaling a significant shift towards nuclear energy in the country's energy mix. Key points: ▪️ The new government will more than triple the funds allocated for the nuclear new build program, increasing the budget from €4.5bn to €14bn ($4.9bn to $15.2bn). ▪️ Silvio Erkens, a member of the centre-right VVD party, which will be part of the new government, confirmed that a tender is being planned by the caretaker government to select the technology for the first two large nuclear plants. ▪️ The incoming coalition government has agreed to expand on the nuclear new build plans put in place by the outgoing government, which is currently ruling in a caretaker capacity. Implications for investors: ▪️ The substantial increase in government funding for the nuclear new build program demonstrates a strong commitment to developing nuclear energy in the Netherlands, providing a more stable and supportive environment for investors in the sector. ▪️ The construction of 4 new large-scale nuclear reactors presents significant opportunities for companies involved in the design, engineering, construction, and operation of nuclear power plants. ▪️ As the Dutch government moves towards a low-carbon energy mix, including nuclear energy could help ensure a more stable and reliable electricity supply, potentially benefiting industries and businesses operating in the Netherlands. Investors should closely monitor the progress of the tender process and the technology selection for the first 2 nuclear plants, as this will provide insights into the timeline and potential partners involved in the project. The increased government support for nuclear energy in the Netherlands may also have broader implications for the European energy market, as countries seek to balance their energy needs with climate change mitigation goals. @MoshiGordon #uranium

@PraiseKek congrats, you have an impersonator. Report @_praisekek...

@leggett_john @RockFlowGoLow Certainly seems it won't be a rubber stamp, but if bringing the material in this year/next was for fab in 2025/2026/2027, and there's no alternative (services are tight), there might be some valid - albeit embarrassing - cased where they are required.

@RockDocU3O8 @RockFlowGoLow Totally agree. And therefore, it’s unlikely that anyone gets a waiver - now, or in the future.

Imho: Brilliant! Why be unsure for 3 years as to how difficult it will be to get a #Uranium Waiver? Tenex says “show us you can get one within 60 days or your contract is cancelled.” Those who were hoping for an Ru export ban - you basically just got it. bloomberg.com/news/articles/…

@leggett_john @RockFlowGoLow A US utility does not depend on just-in-time delivery (from Russia!) for finished fuel. This is critical electricity infrastructure! Reloads/inventory is planned years ahead, inventory is there. Nobody is shutting down in 2024 (unlikely in 2025) if Russian services are delayed.

@RockFlowGoLow There are only a couple dozen US Utilities that operate our 92 reactors. If you would have to shut down in the next 60 or 90 days absent a delivery, you clearly know that now and the DOE already knows your situation. 60 days is plenty of time to get a waiver if you qualify.

@ancientbutler2 @WhoaNellie4 @BouncingStockXp @quakes99 @Harlan_Capital Their price-insensitive activity has been supporting spot price (*note: not fundamental demand, because there is no such thing in spot). MMCap as an intermediary has bought 100k lb lots here and there for weeks leading up to the announcement...and now they've left the market.

@WhoaNellie4 @BouncingStockXp @quakes99 @Harlan_Capital Private deal that was probably months in the making. It had/has nothing to do with spot.

I'm told there's a sudden increase in the pounds of #Uranium available for sale on the spot market (1 million or so), which was unexpected. However, the origin of uranium is closely scrutinized. Most of the pounds being traded on the spot market are from finance guys, and I'm speculating that many of the uranium drums they hold are from Russia. Once the US law prohibiting the import of Russian uranium goes into effect, the pool of potential buyers for your Russian drums shrinks, which might demand a discount. Could this be the reason for the sudden jump in supply coming to the spot market and the recent price pressure? #Nuclear #SPUT #U.UN #GreenEnergy

@jeffgeringer92 First hand look at the flooding impact on KAP's mines, hey? 😂

out and about

@GavMcCracken @flashbondtrader Exactly. Now take an additional minute to read up how much acid is procured from Russia vs. how much is self-supplied by the KAP acid sub. Speculation is getting old: email: ir@kazatomprom.kz and ask.

@flashbondtrader Have you actually looked up where the railway lines are and checked?

Kazakhstan announces Oil output loss with work at 634 wells stopped, I dont think it would be outrageous to assume that #Uranium $KAP production may also be affected in a similar way

@flashbondtrader Semizbay is the only mine in the north and it’s small (<1,000 tU).   State of emergency in: Akmola, Aktobe, Atyrau, Karagandy, Kostanai, Pavlodar, West Kazakhstan, North Kazakhstan, Abai, and Ulytau ”The Atomic Ring”: Kyzylorda, Turkistan Short term logistics? Maybe Mines? No

It seems that Kazakhstan faces the prospect of further floods. The impact of the previous floods is still unknown to #Uranium production, but I suspect that it will not help $KAP

@PraiseKek @MalcolmRaw99915 Exploration discoveries were pre-IPO in the 80's, but initial licence and ramp-up to mining was after. History here: cameco.com/about/history

@MalcolmRaw99915 They were state-controlled back then, right?

$NXE 🇨🇦 A potential LT future scenario with adverse effects on the aquatic environment from the Rook 1 project has been identified. The currently proposed mitigation measures of an #UGTMF still allow contaminants to seep into Patterson Lake.

@pwatts93 😂

@RockDocU3O8 WTF? There are some solid guys in X that I know who are connected close to KAP so don't tell me how to go about seeking information. Plus do you think I trust anything that management is going to say about this that's stupid managements in general tell the full story

Over 10,000 people evacuated due to floods in Kazakhstan does anyone in the #uranium community know if the flooding has occurred in regions where Kazataprom have mines? Any information would be appreciated. gulf-times.com/article/679873…

@quakes99 If you're serious about wanting to know vs. asking the X speculators to spread speculation...simply email Kazatomprom and ask: ir@kazatomprom.kz

🤔Anyone know how ISR #Uranium mines are affected by surface flooding in #Kazakhstan?♒️⛈️ Asking for a friend.🐂🤠

@PraiseKek @Teldra2 Utilities have a value-at-risk calculation they must follow...meaning the vast majority of customers would not sign a long-term, market-related contract with no ceiling (nor should a sensible producer sign a contract with no floor).

@Teldra2 They don't specifically say "sell in spot market", it reads like term contracts with no floors or ceilings, but it's not really clear either...

I still consider this to be a very risky strategy if what $NXE is implying is 100% market-related contracts with no floors or ceilings or direct sales into the spot market. I just can't imagine lenders would take such risks, even with the best deposit on Earth. What am I missing?

@PraiseKek @_chris_ing_ The entire premise of the meme is completely false and based on a misunderstanding of CF sensitivity - happy to clarify misinformation like this with anyone that reaches out: CamecoInvestor_Relations@cameco.com

$CCJ's CFO Grant Isaac addressed yday's #uranium market move during a broker hosted webcast earlier today. Some notes: Market Overview and yesterday's spot move -Everyone needs to remember that the fundamentals are better than they've ever been, prices have to continue to rise in order to incentivize new production, and contracting cycle is still in the early innings -Spot recently ran to $107 NOT on a surge in demand, but rather a retreat of supply; spot market is shrinking (smaller now than in 2023, which was smaller than 2022, which was smaller than 2021) -A little bit of supply returned yday and the spot market (thinly traded discretionary market) dropped -How many lbs. traded and where did it come from? Probably a few hundred thousand lbs. and from either a financial player or a producer with uncommitted primary production (why are investors focused on this?) -Should focus on rising term price. Disappointed that investors are surprised that the spot market couldn't handle a transaction of that size. Grant didn't seem concerned and basically brushed off yday's spot move as nonsensical -Reiterated that $CCJ delivers supply into committed contracts; doesn't sell into spot. Nobody asked about Cameco's planned spot purchases -They won't oversupply the market; they're focused on long-term strategy to slowly bring new supply on in a rising price environment - exposes investors to large upside potential and downside protection Recent article wrt material coming from China -Make no mistake, it's being watched closely. Will not solve the overdependence on Russia with an overdependence on China. Maybe just a small enrichment sale. Those that think it must be a build-up in the US are naïve Kazatomprom Production Challenges -KAP are really good operators and they'll figure it out...but NOT in weeks or months; it'll take years. Not much additional color here Uncovered Demand / Secondary Supply Cameco highlighted the gap between future reactor requirements and available supply, emphasizing the need for higher prices to incentivize new production. He also addressed the dwindling secondary supply and the risks associated with bringing new production online: -2.2Bn lbs. by 2040 required (conservative est.). If utilities came to market every year they would have to buy 140mm lbs. for 16 years. Annual primary supply is well below that. Gap has always been filled by secondary supply (which is rapidly diminishing); utilities are undersupplied, govt's are undersupplied, producers aren't sitting on inventory -Risks of bringing on new production: delays to schedule, cost overruns, novel tech not deployed before $urnm $urnj $ura $ccj #cameco $kap

@quakes99 To be clear, the reaction in spot is because of a tiny increase in spot supply, not because demand changed...nuclear utilities are not boycotting spot - they don't buy in any meaningful way from spot. twitter.com/cameconews/sta…

A Price dip in a desolate Spot #Uranium market♈️🌵 that #Nuclear utilities are boycotting until Senate votes on US ban on Russian U imports🇷🇺🚢⛔️🗳️ does not change the glaringly obvious fact that there is massive demand growth amidst a long-term supply deficit!🗜️#ThursdayMood😊🐂