Uranium
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Uranium
I'm surprised none here have mentioned this yet.
I took a shot at these guys NYSE:CCJ (Cameco) back in December at just over $21. I've just topped up again at $28.1. https://www.cameco.com/about.
There's also the English LSE:YCA (Yellow cake) but I missed the rush on that one so to speak. YCA are an interesting one, they aren't a miner. They just hold a fixed quantity of U. Hence enabling the investor to take a view on the spot price. As such YCA have only two employees, both work at home, a very light operation!
Yellow Cake presentation: https://www.youtube.com/watch?v=8861WIlEukQ
I've been of view for a while now, that new investment in nukes will be necessary to deal with bridging the gaps in green energy provision.
Wondered who else has looked at the idea of a long term position on uranium.
Matt
I took a shot at these guys NYSE:CCJ (Cameco) back in December at just over $21. I've just topped up again at $28.1. https://www.cameco.com/about.
There's also the English LSE:YCA (Yellow cake) but I missed the rush on that one so to speak. YCA are an interesting one, they aren't a miner. They just hold a fixed quantity of U. Hence enabling the investor to take a view on the spot price. As such YCA have only two employees, both work at home, a very light operation!
Yellow Cake presentation: https://www.youtube.com/watch?v=8861WIlEukQ
I've been of view for a while now, that new investment in nukes will be necessary to deal with bridging the gaps in green energy provision.
Wondered who else has looked at the idea of a long term position on uranium.
Matt
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- The full Lemon
- Posts: 16601
- Joined: November 4th, 2016, 3:58 pm
Re: Uranium
I took a punt on uranium more than a decade ago. My timing was all wrong. I bought CCJ also - think it was around $30 when I bought it and I bailed down at around $20.TheMotorcycleBoy wrote:Wondered who else has looked at the idea of a long term position on uranium.
It is interesting because it is a metal that trades more like an energy share.
Incidentally there are a few low-cost companies like Yellowcake that trade and hold metals but do not mine them, thereby avoiding the messy, expensive and risky part. Other examples are Wheaton Precious Metals (WPM) for silver and Franco-Nevada (FRN) for gold.
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Thanks for that. I guess I need to be wary of bubbles/short-term-fashionability here.Lootman wrote:I took a punt on uranium more than a decade ago. My timing was all wrong. I bought CCJ also - think it was around $30 when I bought it and I bailed down at around $20.TheMotorcycleBoy wrote:Wondered who else has looked at the idea of a long term position on uranium.
It is interesting because it is a metal that trades more like an energy share.
Incidentally there are a few low-cost companies like Yellowcake that trade and hold metals but do not mine them, thereby avoiding the messy, expensive and risky part. Other examples are Wheaton Precious Metals (WPM) for silver and Franco-Nevada (FRN) for gold.
U seems to have become more en vogue, post the Ukraine invasion, unsurprisingly. The position I hold is very small, and I'll probably keep like that. Besides it's quite an unusual commodity, in that only a small amount of the stuff once purified is ever actually moved around.
Matt
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- Lemon Quarter
- Posts: 1598
- Joined: November 17th, 2016, 8:17 pm
Re: Uranium
There isn't a 'market' for uranium as such.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
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- The full Lemon
- Posts: 16601
- Joined: November 4th, 2016, 3:58 pm
Re: Uranium
But there is an exchange-traded futures market for uranium, on NYMEX. The average investor probably does not want to trade the spot market for uranium, unless you are in a position to take delivery!absolutezero wrote:There isn't a 'market' for uranium as such. It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
Same goes for almost any other commodity.
There is also a Uranium ETF. More here:
https://commodity.com/energy/uranium/trading/
PS: I should earlier have given the correct ticker for Franco-Nevada, FNV.
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Yes I think nuclear will have to play a big part.absolutezero wrote:There isn't a 'market' for uranium as such.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
On a slightly different note, although the quantities involved probably won't be that big, presumably after the Russian invasion of Ukraine, perhaps several of the nuclear armed countries will decide to "revamp" their nuclear [expletive deleted].
Matt
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- Lemon Quarter
- Posts: 1665
- Joined: November 18th, 2021, 11:57 am
Re: Uranium
How ridiculous when a top flight football team or a stockpile of armaments are censored. Seriously, I sometimes wonder, is this website intended for grown ups?TheMotorcycleBoy wrote:Yes I think nuclear will have to play a big part.absolutezero wrote:There isn't a 'market' for uranium as such.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
On a slightly different note, although the quantities involved probably won't be that big, presumably after the Russian invasion of Ukraine, perhaps several of the nuclear armed countries will decide to "revamp" their nuclear [expletive deleted].
My text - Let's call it an ar5enal instead, eh?
Matt
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
CripesBullDog wrote:How ridiculous when a top flight football team or a stockpile of armaments are censored. Seriously, I sometimes wonder, is this website intended for grown ups?TheMotorcycleBoy wrote: Yes I think nuclear will have to play a big part.
On a slightly different note, although the quantities involved probably won't be that big, presumably after the Russian invasion of Ukraine, perhaps several of the nuclear armed countries will decide to "revamp" their nuclear [expletive deleted].
My text - Let's call it an ar5enal instead, eh?
Matt
![Laughing :lol:](./images/smilies/icon_lol.gif)
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Hi AbsoluteZeroabsolutezero wrote:There isn't a 'market' for uranium as such.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
I noticed the YCAs price has fallen somewhat of late. I'm wondering whether this could be an entry point. Are you considering topping up?
Matt
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- Lemon Quarter
- Posts: 1598
- Joined: November 17th, 2016, 8:17 pm
Re: Uranium
I top up regularly.TheMotorcycleBoy wrote:Hi AbsoluteZeroabsolutezero wrote:There isn't a 'market' for uranium as such.
It's bought and sold through some kind of contract system rather than offers and bids.
Worth keeping in mind before buying your exposure.
I hold Yellow Cake (YCA) and Geiger Counter (GCL) in my SIPP
My suspicion is I will retire a very rich man due to my exploitation of green politics. Nuclear is the only thing that can work.
I noticed the YCAs price has fallen somewhat of late. I'm wondering whether this could be an entry point. Are you considering topping up?
Matt
Bought some the other day.
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Thanks mate, yes I'm thinking now looks like a good time.absolutezero wrote:I top up regularly.TheMotorcycleBoy wrote: Hi AbsoluteZero
I noticed the YCAs price has fallen somewhat of late. I'm wondering whether this could be an entry point. Are you considering topping up?
Matt
Bought some the other day.
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- Lemon Quarter
- Posts: 1598
- Joined: November 17th, 2016, 8:17 pm
Re: Uranium
Sounds like market timing to me. A mug's game.TheMotorcycleBoy wrote:Thanks mate, yes I'm thinking now looks like a good time.absolutezero wrote: I top up regularly.
Bought some the other day.
I like (what I perceive to be) Uranium's long term future. So I buy,
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Me too. That's why I bought some CCJ a couple months back.absolutezero wrote:Sounds like market timing to me. A mug's game.TheMotorcycleBoy wrote: Thanks mate, yes I'm thinking now looks like a good time.
I like (what I perceive to be) Uranium's long term future. So I buy,
I don't think it's mug's game, buying when there's a sale on. Neither does Warren Buffet.
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- Lemon Quarter
- Posts: 1598
- Joined: November 17th, 2016, 8:17 pm
Re: Uranium
I don't really care what Warren Buffet says or does. He can't time the market any better than anyone else.TheMotorcycleBoy wrote:Me too. That's why I bought some CCJ a couple months back.absolutezero wrote: Sounds like market timing to me. A mug's game.
I like (what I perceive to be) Uranium's long term future. So I buy,
I don't think it's mug's game, buying when there's a sale on. Neither does Warren Buffet.
Problem is when the sale gets better after you have bought.
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- Lemon Quarter
- Posts: 4197
- Joined: March 7th, 2018, 8:14 pm
Re: Uranium
Sure. And neither you nor I can predict that eventuality. But you need zero powers of prediction to observe today's price is less than yesterday's.absolutezero wrote:I don't really care what Warren Buffet says or does. He can't time the market any better than anyone else.TheMotorcycleBoy wrote: Me too. That's why I bought some CCJ a couple months back.
I don't think it's mug's game, buying when there's a sale on. Neither does Warren Buffet.
Problem is when the sale gets better after you have bought.
I do care what Buffett says. If someone can demonstrably "do something well", I believe that at times, it's instructive to understand why.
Take care.
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- Lemon Quarter
- Posts: 1708
- Joined: November 5th, 2016, 9:37 am
Re: Uranium
Some nice positive new for us CCJ holders ![Smile :)](./images/smilies/icon_e_smile.gif)
https://www.businesswire.com/news/home/ ... nue-Agency
All the best, Si
![Smile :)](./images/smilies/icon_e_smile.gif)
https://www.businesswire.com/news/home/ ... nue-Agency
All the best, Si