So let's scare retail investors in the premarket to create volume in favor of professional investors. But they want to invest big amounts and that's not so easy in a tiny sector. Why? The uranium market is a very tiny sector to invest in and at this moment professional investors want to take position in several uranium companies (phase1). Premarket data is an easy way to manipulate sentiment of daytraders :-) But when you take the time to understand the uranium market, you laugh at this stage. It's funny to see that some short term investors get scared from premarket data. In fact he is confirming after the signs of TradeTech and the press release of Boss Energy a couple days ago, that the new multi-year wave of negotiations for the renewal of a lot of long term contracts (like in 12) HAS BEGUN! Slowly at first, but it will increase in intensity in 2022/2023! If you want a cheap entry point it’s now you have to buy uranium stocks, not in 2022! Cheers $CCJ $URNM $URA $SRUUF $FCUUF Paladin Energy, Global Atomic, Denison mines, Energy Fuels, UEX Corp, Goviex Uranium. ) -> 700M lb in 10y is a lot, knowing that the biggest part of those 700M lb are for the period 2025-2030! 8). for LT contracts and much bigger volumes (for delivery between 2024-2030) that they haven’t seen this past decade!!! 4) carrytraders are in trouble with their short term supply contracts because there is much less material available on the spotmarket 5) China is building a big warehouse at the boarder with Kazakhstan in China to store 23,000 Ton (that’s 60M lb!) of uranium by 2026!!! By 2026!!! 6) by 2040 twice as much of electricity will be produced by nuclear power than it is in 2020 7) between 20 there is an uncovered demand of ~700 million lb globally (just as a way to compare: SPUT bought only 11,519,724 lb of uranium between August 17 and OctoCigar Lake produces 18M lb a year, Langer Heinrich could produce ~6M lb a year, Honeymooncould produce 2 to 3M lb a year. It’s the same as what Tim Gitzel is saying about the restart of McArther River 2) Kazatomprom will not sell uranium to the spotmarket! 3) Kazatomprom confirms that much more utilities worldwide are sending RfP’s and tenders. Hi, I recommend to listen very carefully (and listen to it 2 or 3 times) to what Askar Batyrbayev is saying in this interview of Octo(last half hour of this video) 1) Kazatomprom needs LT contracts to justify the increase of their production (= stopping their 20% production cut after 2023). Thus a record U308 supply deficit is going to collide with the nuclear renaissance… remember the cost of fuel for a nuclear plant is a small part of its Opex… hence the will pay whatever it costs to obtain the fuel… interesting set of dynamics …. The supply deficit could reach 90 mln Lbs. They will have to ‘oversupply’ the enrichers they have which ultimately mean an amplified demand for UF6… but UF6 is running out …thus more conversion of mined U308 is required … but there are not enough idle and operating mines to meet the forthcoming demand and it takes years to bring a mine on stream. With the previous over supply of UF6 evaporating and demand increasing there is going to be a bottle neck with enrichment as the West does not have enough enrichment capacity. Demand this year for U is around 200 mln Lbs. With this going off line the enrichment process will be under pressure. Russia was responsible for approx 35% of the supply. This has, post Fukushima been shorter due to over supply of UF6 (enriched pre-pellet).
There’s a 2 year time from a user ordering fuel to receiving it.