| From: ItsAllCyclical | 9/10/2024 3:40:20 PM | | | | | | URNJ options - Was able to get filled @2.35 for March 2025 18 strike earlier today. I think these are going to prove to be stupid cheap, liquidity, quality and leverage. Approx 3% in options now on URNJ in PF. (mostly March, some Dec)
Want to see CCJ back above 40 again and SRUUF above 18, but last night looked very good on the ASX.
Shorts playing w/fire here across the sector, but big time w/Boss at 10% SI.
CCJ above 38 is also significant ST and by itself could lead to more covering. Getting interesting...
Producers should start setting terms on more transparency for pricing. They have the leverage. Don't need specific terms, but there needs to be more accurate reporting which will benefit everyone in the long run.
I think the long funds were taking their time (they don't chase), but also encouraging more shorts for further fire power down the road. Hook has been set. They will pull the trigger soon. Wave 3 of III on deck.
I know...I shouldn't jinx it, but nothing changes for me even if they take things lower ST. If anything I'll raise more capital elsewhere and deploy.
There are funds out there that think uranium is the next lithium. As such they may not cover immediately. But I expect the long to overwhelm any further shorting from here. So I welcome it. They are about to get an education. |
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| From: ItsAllCyclical | 9/10/2024 4:00:24 PM | | | | | | Per X we made (or are going to make the cover of Barrons) - Nuclear Revival etc.
In many cases that might mark a top (not in this case). Could suck in more shorts. I think shorts will lose in the ST, but when we get back to the post 1 day bounce highs on Kaz 2025 guide down, we could see a very nice battle take place would could lead to a lot of shorts needing to cover when spot/term start ticking over 85+ sooner vs later.
Most of the time, when you have stock action vs the FA, the stock action is more true. A lot of shorts are looking at that and still applying pressure here on our issues. They don't realize the opaqueness of the sector cuts boths ways. |
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| To: ItsAllCyclical who wrote (27920) | 9/10/2024 7:18:18 PM | | From: sixty2nds | | | | From todays Oil Price.com...
Italy Revisits Its Nuclear Strategy. Italy is looking to reverse its ban on nuclear power production and is mulling the creation of a new company to build smaller modular nuclear reactors, to be led by the state power market champion Enel (BMI:ENEI), expecting to pass it in Parliament next year. |
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| From: ItsAllCyclical | 9/11/2024 10:25:04 AM | | | | | | I kinda feel like telling the shorts in the uranium sector that price is not reality (yes uranium is unique w/in commodities), but they'll figure it out eventually.
Shorts may battle us when we get back to levels near the Kaz news high, but that just adds more buying power when we eventually break thru those levels again to the upside.
Too many moronic shorts equated uranium w/lithium.
Oil longs (futures) at 13 year lows I believe. This has been hard on uranium as well. This is also coming to an end soon (or at a min the rate of change will be far less negative going forward vs previous few months). |
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| From: ItsAllCyclical | 9/11/2024 11:18:45 AM | | | | | | So far all of this is happening without SRUUF above the 18 threshold and shorts trying to hold CCJ at or under 40. Good luck. Volume today is going to be massive. If you have any sense at all and you're short you should be covering everything here in my opinion purely from a chart standpoint. They may try again at the Kaz levels, but staying short here makes no sense FA, TA or EW wise.
So that's part of the volume.
Funds wanted to see some signs of a good bottom where they can buy and set a stop. Today is perfect for that.
This move will have much stronger hands and far more promotion (from the funds able to get in). Will take some time to truely bottom and break Kaz highs, but so far this is textbook and we have the rel action vs S&P to boot. |
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| To: Sultan who wrote (27924) | 9/11/2024 1:35:54 PM | | From: sixty2nds | | | | seekingalpha.com
Uranium names surge as Putin may seek Russian cap on uranium, nickel exports
Sep. 11, 2024 12:42 PM ET Cameco Corporation (CCJ) Stock, CCO:CA Stock LEU, PALAF, CVVUF, UUUU, DNN, NLR, UEC, FOSYF, URG, URA, FCUUF, NXE, GLATF, URNM, LN1:COM, UROY, SMR, EUBy: Carl Surran, SA News Editor
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Cameco (NYSE: CCJ) and other uranium producers are rallying in Wednesday's trading following a report that Russian President Putin is considering limiting exports of uranium, titanium and nickel in retaliation for Western sanctions.
"Russia is the leader in reserves of a number of strategic raw materials reserves," Putin told government ministers in a meeting shown on TV, and since Western sanctions limit exports of some Russian commodities, "maybe we should think about restrictions [on] uranium, titanium, nickel," while adding that such limits should not harm Russia.
Cameco ( CCJ) +6.2%, Denison Mines ( DNN) +5.4%, Energy Fuels ( UUUU) +7.2%, Uranium Energy ( UEC) +6.8%, Ur-Energy ( URG) +5.5%, NexGen Energy ( NXE) +4.7%, enCore Energy ( EU) +7.3%, Centrus Energy ( LEU) +6.9%, Nuscale Power ( SMR) +3%, Uranium Royalty ( UROY) +6.7%, Fission Uranium ( OTCQX:FCUUF) +3.8%, Paladin Energy ( OTCQX:PALAF) +7.1%, Global Atomic ( OTCQX:GLATF) +4.4%, Forsys Metals ( OTCPK:FOSYF) +9.1%, CanAlaska Uranium ( OTCQX:CVVUF) +9.2%.
ETFs: ( URA), ( NLR), ( URNM)
The U.S. and European Union have imposed various sanctions on Russia's economy, including on some metals and mining companies, since Russia's invasion of Ukraine in 2022, but many commodities including nickel, palladium and uranium have not been subject to restrictions and continue to be shipped to Western markets.
The three-month contract for nickel ( LN1:COM) rose 2.5% to an intraday high of $16,110 per metric ton on the London Metal Exchange following Putin's remarks.
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zelhar
Today, 1:33 PM
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Russia doesn't export raw uranium (yellow cake), it exports uranium fuel fabricated from Kazakh Uranium. As such is there a justification for upstream producers like DNN to react so positively?
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LevisK
Today, 1:30 PM
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LUE’s principal business is reselling Russian enrichment to western utilities. Why did LEU’s price rise today?
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LevisK
Today, 1:14 PM
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Silex (SYLXY) is a Uranium enrichment plant designer it’s plants would benefit by the higher Uranium enrichment prices that woul result from a Russian embargo on Uranium enrichment.
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LevisK
Today, 1:09 PM
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The rise in the stock prices of uranium mining companies and enricherd with Putin’s threat to stop exports of uranium and enrichment makes some sense as Uranium and Enrichment prices would rise if Russia limited exports of Uranium and enrichment.
The nuclear reactors Nuscale Power (SMR) is designing USE Uranium and enrichment. A rise in Uranium and enrichment prices would make SMR’s reactor design less valuable.
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