@slmjr 0 online
Members of @slmjr
Moderators
Members
click to invite
@Slmjr The Minister, however, said for generating targeted nuclear power, there has to be enough uranium available - both from domestic as well as foreign sources.
0
from #uranium,
click to invite
@Slmjr $24.65 is last I've seen. https://www.investing.com/commodities/metals
0
from #uranium,
click to invite
@Slmjr Hahahaha that is funny
0
from #uranium,
click to invite
@Slmjr Well that just made it much more interesting
1
from #uranium,
click to invite
@Slmjr Yay!
1
from #uranium,
click to invite
@Slmjr Well if no one is making money why would anyone continue producing.
0
from #uranium,
click to invite
@Excelsior @Slmjr - Companies like $CCJ $CCO $UUUU $EFR $URG $URE and $PEN.AX have longer term offtake agreements in the mid $40s to mid $50s and that is how they are able to keep producing #Uranium. They are not selling most of their #production at spot prices. I posted this over the weekend as an example for Ur-Energy: "During the quarter, sales totaled $14.8 million on contract sales of 250,000 pounds at an average price of $59.28 per pound, or 145% above the average spot price for the same period of $24.17 per pound." $URG $URE
0
from #uranium,
click to invite
@Slmjr Ah sorry I was referring to kazatomprom and others doing cutbacks. For the comment above
0
from #uranium,
click to invite
@Slmjr But on the topic @Excelsior do you know when most of the contracts expire? I had heard late last year and this year. Will be nice ones companies start resigning again.
0
from #uranium,
click to invite
@Excelsior @Slmjr - Most companies keep the specifics of their #Uranium off-take contracts close to their chest, and don't reveal all the details, but in interviews I've listened to with Energy Fuels and pieces I've read on various Uranium sites it seems many expire from 2018-2020. Most are staggered anyway. Here was guidance from $URG for the remainder of this year: Continuing Guidance for 2017 "We expect to have contract sales of 241,000 pounds U3O8 in 2017 Q2 at an average price of $49 per pound. We plan to purchase 210,000 of those pounds at an average cost of $23 per pound. The balance will be delivered from Lost Creek production. The 2017 Q2 production target for Lost Creek is between 60,000 and 75,000 pounds dried and drummed." $PEN.AX Peninsula strategy has already delivered prior to the start of Lance Projects production (from page 19 of their corporate presentation) – Approx. 8 million lbs under Term contracts (5 agreements) – US$55/lb weighted average delivery price under existing contracts $ARY Anfield Resources is getting ready to go into #production and they'll likely do something similar to what Penisula did.
1
from #uranium,
click to invite
@SFtrader @Excelsior @Slmjr- Also I believe that once a contract expires, if the price remains low enough, utilities may just buy in the spot market. Makes me question the near-term imminent rush to contracting thesis that's out there.
0
from #uranium,
click to invite
@Slmjr Appreciate the feedback. Hopefully sooner than later. Seems so many companies are just waiting for spot price to hit a certain price and production will take off.
1
from #uranium,
click to invite
@Slmjr Didn't they buy land near $NMX last year?
0
from #cle,
click to invite
@Hejmdal Thanks @Slmjr
0
from #uranium,
click to invite
@Slmjr $PDN is on a halt I believe. Should be news in the channel
0
from #uranium,
click to invite
@Bimbeebop @Slmjr Great post!!!!! I didn't know about the 21 moz of silver and 63 mlb of copper!? 225 square km still to be explored? This is great news!!!
0
from #uranium,
click to invite
@Slmjr Very optimistic article thank-you @onekey
1
from #uranium,
click to invite
@Onekey @Slmjr @Bimbeebop You are welcome. Nothing new really. But every optimistic article helps :)
3
from #uranium,
click to invite
@Slmjr hahaha I think most of the rooms follow that pattern.
0
from #nxe,
click to invite
@Slmjr Strange
0
from #uranium,
click to invite
@Rulingmining @Slmjr sorry I didn't pay attention that you were talking about the June 2019 contracts.
1
from #uranium,
click to invite
@Slmjr Evacuation notices going up around Merritt BC. Looks like those dams aren't holding.
0
from #index,
click to invite
@Slmjr I got in at $1.96 last fall. Its very tempting to buy some more now. perhaps I will sell my alx shares.
1
from #efr,
click to invite
@Slmjr Odd I've found one saying unchanged. And this one saying it dropped. https://mobile.twitter.com/numerco
0
from #uranium,
click to invite
@Slmjr Anyone​ have another link?
0
from #uranium,
click to invite
@Slmjr ouch
1
from #uranium,
click to invite
@Slmjr I wouldn't touch it.
1
from #uranium,
click to invite
@Slmjr On the plus side, uranium is up 15 cents today.
0
from #uranium,
click to invite
@Slmjr I am curious with so many producers just waiting for the spot price to climb, how many will be jumping in to compete with each other as soon as the price climbs a small amount.
0
from #uranium,
click to invite
@wannabeinvestor @Slmjr, excellent article, thanks for sharing
1
from #uranium,
click to invite
@Rulingmining Agreed @wannabeinvestor @Slmjr. Must be clear to most following uranium here that the US seems to be falling behind in global nuclear influence while China is moving ahead very fast. Feels like uranium is also gaining traction. Won't be surprised if we saw 2017 lows in May.
2
from #uranium,