/grg/ - Glowing Rocks General

[Anonymous No.28084934]

fuck bots, remove tickers edition
>he doesn't own any glowing rocks
https://unitednuclear.com/index.php?main_page=index&cPath=2_4

>but he does own the glowing rocks stocks
this thread is for the discussion of uranium companies.

japan is the biggest seller, end not yet in sight: https://www.reuters.com/article/us-japan-nuclear-fuel-sales-exclusive-idUSKCN1VD0K4
there's few buyers now, but demand will grow: https://archive.is/JsCAF
US section 232 petition becomes law: https://archive.is/4nnKJ
grima wormtongue encourages US producers to catfight on stage: https://www.youtube.com/watch?v=Hp3exw4JOBo
alkin on crux: https://www.youtube.com/watch?v=uH0OE_M3oXk
alkin on macrovoices: https://www.youtube.com/watch?v=aGL0j3BHDb4
rick rule on gold, but also uranium: https://www.youtube.com/watch?v=Lwohm_D79Hw

china needs yellowcake: https://stockhead.com.au/resources/china-needs-a-mountain-of-uranium-to-meet-its-carbon-free-ambitions/
https://archive.is/DepZB
the commies command their economies: https://world-nuclear-news.org/Articles/China-plans-clean-energy-future
https://archive.is/2qxwY

the ferg is a knower https://traderferg.com/running-on-fumes/ https://twitter.com/trader_ferg

some hopium: https://www.valuethemarkets.com/2021/01/25/perfect-conditions-for-uranium-to-shine/
https://archive.is/ZwXDT

realistic timeframe: https://www.youtube.com/watch?v=newF1F9OcIQ

ETFs: global x uranium, north shore global uranium mining

[Anonymous No.28085039]

paladin energy https://www.paladinenergy.com.au/ a tiny ausfag operator of the langer heinrich mine in namibia
>what the fuck even is namibia
https://namibiatourism.com.na/page/about-namibia
chairman, cliff lawrenson: allegedly an expert in this godforsaken country. more research still required.
this is about something else, but cliff is no slouch: https://www.youtube.com/watch?v=g8qK1vKRl5s
ceo, ian purdy: here he talks his book https://www.youtube.com/watch?v=pdPpBlJHsuw
last sales pitch: https://wcsecure.weblink.com.au/pdf/PDN/02337731.pdf
last annual: https://wcsecure.weblink.com.au/pdf/PDN/02274013.pdf
last quarterly: https://wcsecure.weblink.com.au/pdf/PDN/02335098.pdf
31M cash, 2M/quarter burn rate (some additional losses), 115M debt
LH has 7 years of life at roughly 5Mlb/yr (35Mlb)
at $60/lb this is $2.1B, but their AISC is unknown. ian suggests its in the $30s, but, as everyone knows,
>A mine is a hole in the ground. The discoverer of it is a natural liar. The hole in the ground and the liar combine and issue shares and trap fools.
my SWAG: G&A adds another $10 to this for $40 at the least. now we have $700M.
paladin advertises a 17-year life for LH, but 10 of these years are behind it. caveat emptor
the previous 10 years yielded 43Mlb. 7/10 does not equal 35/43. our estimate of 5Mlb/yr may be high.
CNNC owns 25% of the mine, so that would leave us with $525M. this is ~4.5x paladin's current total debt.
these figures are estimated in aussie funny money, but the government of namibia taxes 3% in USD terms.
sachem cove (mike alkin) recently sold a truckload of shares, maybe their whole position: https://wcsecure.weblink.com.au/pdf/PDN/02333163.pdf
but i think they fucked up. the debt overhang does not concern me (it would if it was a shitty US company).
they should last until 2024, by then the chinese start buying.

[Anonymous No.28085117]

deep yellow limited https://deepyellow.com.au/
run by john borshoff, the brilliant man behind the original paladin energy.
smallcaps https://www.youtube.com/watch?v=teLkcoYxYvQ
crux https://www.youtube.com/watch?v=sacQZPeIhjo
haven't started reading reports yet. new development is massively expensive, it cuts heavily into profits.

[Anonymous No.28085204]

peninsula energy https://www.pel.net.au/ more aussies, this time in america
this is the big play for upside-downers to get access to that 232 money.
regular revenue for uranium miners is now a matter of national security so enviro-fags can't just shut it off.
texas and wyoming permit at the state level, the feds can't fuck with it. you can't lobby congress to revoke a mine permit.
be aware that typically, in any domestic US business that gets subsidized, returns become dogshit.
shaw conference presentation https://www.pel.net.au/wp-content/uploads/2021/02/4-February-2021-%E2%80%93-Shaw-and-Partners-Uranium-Conference.pdf
they claim they are the only junior already under contracts -- that's great except at what price? looks like $40 and below in the last annual report.
mineral grade of 480ppm is good. except its actually 350ppm with an oxidant in the fluid. https://www.pel.net.au/wp-content/uploads/2020/11/2020-Annual-Report.pdf
having 54Mlb lying around is nice. except they can only get 33Mlb. https://www.youtube.com/watch?v=x_0CTANYLt0
contracting at around $40/lb lately, so that's $1.3B tops from that mine. not bad. they may even see $50.
8.4m cash, burn rate 1.1m per quarter. they may not make it to 2024 without an equity raise.
zero call deposits -- highly inefficient at forex i guess.
chit-chat https://www.youtube.com/watch?v=5eWyDrVtgGM
so yeah back to that annual report they lost 7.6m in FY2020. 6M revenue but the gross is $120,000. PATHETIC.
why was it so bad? cost of sales includes $3.6M in purchases of uranium. they fucking tried to play the market i guess.
11.9M cash left. okay.
diluted their equity by 15% over the year in terms of issued capital. okay.
low debt; $572k "borrowings." good.
this might be the best operator i'm looking at in the US that's going to sell to the US. unfortunately the US does not buy like the chinese do.

[Anonymous No.28085511]

How high will uuuu go? Awaiting it cooling off before going buying deeper.

[Anonymous No.28086821]

>>28085511
i do not research them, another anon is big into them. but i think they are fairly sound.