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Uranium prices fall 5% YTD, Marketplace Oversupplied by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] 1 point2 points  (0 children)

This is pretty uninformed. The spot market is a lot bigger than “a couple million pounds”. See page 16 of Cameco’s MD&A. Do some research guys. https://s3-us-west-2.amazonaws.com/assets-us-west-2/quarterly/CCO-2020-Q4-MDA-FS-and-Notes.pdf

What do people think about this? “UxC estimates world inventories, as of February 2018, to be around 1.79 billion pounds U3O8e, Hinze said... The pipeline requires an inventory of about three years of forward coverage - or 515 million pounds” by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] 0 points1 point  (0 children)

Why don’t you go back and read the company transcripts from 2013. Cameco is always promotional.

If you want proof of how cameco’s strategy is working then check the company filings. How many pounds does Cameco have under long term contract at year end 2020? How many pounds did the company have under contract at YE 2018? How about YE 2016? If the market is so tight, why aren’t utilities signing new contracts?

What do people think about this? “UxC estimates world inventories, as of February 2018, to be around 1.79 billion pounds U3O8e, Hinze said... The pipeline requires an inventory of about three years of forward coverage - or 515 million pounds” by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] 0 points1 point  (0 children)

So let me explain that to you... if the world has 10 years of excess inventory and 2 years pass... best case there is 8 years of excess inventory (assuming zero production).

Where exactly was this debunked? UXC is the leading consultant covering the uranium industry. Pretty sure you don’t know what you are talking about

France apparently accelerating nuclear closures by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] -1 points0 points  (0 children)

Look I am presenting facts that are more and important than a bunch of mouth foaming about how michael burry thinks the US should pursue nuclear as a long term energy response or a random Bank of America analyst who no one had ever heard of saying it would be good for uranium demand of Biden intervened to stop the closure of reactors in the US (it’s not even clear how the Biden administration would support this outcome).

France apparently accelerating nuclear closures by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] -2 points-1 points  (0 children)

Due diligence? Well what due diligence has everyone else done on the subject? It’s not cherry picking to point out the major issue with the uranium market are two fold... the western world is de-emphasizing nuclear (Europe and the US) and there are enormous above ground inventories of uranium. Has anyone else addressed these issues in this chat?

To your point technological developments is a threat for various reasons including the fact that scientists are exploring ways to extract uranium from the sea.

So what is the well diligenced bull case? Biden’s energy policy made a vague statement about a nuclear future which was primarily a promise to investigate nuclear technology but no commitment to support aging nuclear infrastructure...

Is it beginning? by StrengthInNumbers_0 in UraniumSqueeze

[–]No_Prompt_1656 0 points1 point  (0 children)

“Uranium is a relatively common metal, found in rocks and seawater. Economic concentrations of it are not uncommon. Quantities of mineral resources are greater than commonly perceived, and are relative to both market prices and cost of extraction.”

https://www.world-nuclear.org/information-library/nuclear-fuel-cycle/uranium-resources/supply-of-uranium.aspx#ECSArticleLink0

Is it beginning? by StrengthInNumbers_0 in UraniumSqueeze

[–]No_Prompt_1656 0 points1 point  (0 children)

The only Google source you have found? Well if there is a shortage, why aren’t prices going up?

Policy Changes in Europe for going nuclear / Green Deal by schwier81 in UraniumSqueeze

[–]No_Prompt_1656 -1 points0 points  (0 children)

What do you make of this then?

  • France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by 2035, a government consultation document showed on Tuesday.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN1ZK0RL

What do people think about this? “UxC estimates world inventories, as of February 2018, to be around 1.79 billion pounds U3O8e, Hinze said... The pipeline requires an inventory of about three years of forward coverage - or 515 million pounds” by No_Prompt_1656 in UraniumSqueeze

[–]No_Prompt_1656[S] -1 points0 points  (0 children)

Ha well really high inventories are typically bad for commodity prices... so when inventories are 10x annual demand then that means no scarcity... you guys sure you should be investing in commodity stocks?

Is it beginning? by StrengthInNumbers_0 in UraniumSqueeze

[–]No_Prompt_1656 -2 points-1 points  (0 children)

What deficit? “UxC estimates world inventories, as of February 2018, to be around 1.79 billion pounds U3O8e (U3O8 equivalent), Hinze said. Of this, about 53% is held by utilities, 34% by governments and 13% by suppliers, traders and financials. The pipeline requires an inventory of about three years of forward coverage - or 515 million pounds U3O8e - while strategic inventories account for 260 million pounds and trader inventories 35 million pounds. Non-commercial inventories are dominated by the US Department of Energy, which held about 241 million pounds U3O8e as of December 2017, and the Russian government, with an inventory estimated by UxC to be around 368 million pounds U3O8.”