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@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
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from #uranium,
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@staffpro cameco falling off a cliff
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@cole119 More like slowly rolling down a hill with no end in sight ;)
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@staffpro @cole119 i stay by my choice of words that its a cliff... its suppose to be a blue chip :P
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@cole119 Regardless, it sucks - as a bellwether for Uranium in general.. @staffpro and you're right - looking more like a cliff at the end of the day
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@Hejmdal Surprises me that Cameco $CCJ / $CCO and UPC $U are going up while the rest within the sector are declining. Is there any justice in looking at them as leading indicators for some relief in the near term for the smaller #uranium stocks you reckon?
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from #uranium,
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@staffpro i think they are cutting the dividend friday hence the downward pressure earnings might be really bad
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@staffpro @ericTheActor you think $CCO or areva will offer shares with their stocks at multi year lows, their management would have to be absolutely brain dead to do that. $nxe
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from @staffpro,
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@Goldfinger First test of 200-day moving average for $URA in 2017: http://cdn.ceo.ca/1cg4i92-URA_Daily_4.27.2017.png+ Also staring at first daily close below lower 2-std Bollinger Band in 2017. $CCJ $CCO $NXE $uranium
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from #index,
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@staffpro $CCO what a doozy
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@racker Fukushima fallout five years later: Cameco posts bigger-than-expected loss on scrapped Tepco contract http://business.financialpost.com/news/mining/fukushima-fallout-five-years-later-cameco-posts-bigger-than-expected-loss-on-scrapped-tepco-contract $CCO $CCJ #uranium
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from #index,
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@TheHolyBuyBull Big selloff at cameco $ccj $cco
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from #index,
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@Goldfinger Has Cameco had their 'kitchen sink' quarter (for the 10th time) or does this pig get even uglier? $CCJ $CCO $uranium
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from #index,
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@Excelsior @Vaughan - Yes that was $URG $URE UR-Energy but their longer term contracts are between the high $40's - high $50's. I believe the balance of 2017 for them is around $49 but they had some contracts at $53 and $56 in years past (so yeah, they weren't selling at spot... but sometimes they bought #uranium for spot in the open markets and sold a percentage into their higher contract prices and kept the difference). $UUUU $EFR Energy Fuels have had contract prices in the $52-$58 range the last few years. Also, $PEN.AX Peninsula (a newer producer few discuss on here) is forward selling their Uranium for 5 year off-takes at around $55 if memory serves. $CCO $CCJ has many more staggered contracts but they typically average in the low to mid $40's. Cameco does sell a certain percentage of their production at spot prices though, so they have more of a blended output. That TEPCO off-take contract Cameco had {near $100 lb} was higher than most and left over from the previous cycle. You can see why TEPCO would want out of it. There were periods where Uranium was pushing $120-$140 (that seems so odd now that we are down around $23 in spot, but that shows the disconnect in the current spot pricing).
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from #uranium,
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@Goldfinger Remember February? Oh it seems so long ago. $Uranium sector as measured by $URA has officially round-tripped in 2017: http://cdn.ceo.ca/1cg6m0q-URA_2017_roundtrip.png+ $CCJ $CCO $GXU $NXE $UEC
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from #index,
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@Vaughan Will cameo cut production: Tim (CEO) says that they have already in the past, and that the. market is beginning to see more supply discipline. #Uranium $CCJ $CCO #BNN
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from #index,
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@Vaughan Cameco CEO Tim Gitzel on BNN Live: Tim believes that the market can pick up regardless of Japan. He says they are seeing a gradual restart in Japan, which took longer then everyone expected, but with 57 reactors under construction all over the world, China is moving ahead, India is building which is a good story, the Uranium market has an ability to improve. #BNN #Uranium $CCJ $CCO
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@TheGalvanizer Canaccord Morning Coffee – Mon. May 1, 2017 – $AAPL $AEM $AMZN $BA $BBD $CCO $DGC $FCEL $FM $GOOG $MARI $MFI $QCOM $SBUX $VET http://ow.ly/du3X30bjqQm
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@Excelsior $DML $DNN Denison Reports Q1 2017 Results Including Highlights From Successful Winter 2017 #Exploration Programs > "On February 13, 2017, Denison closed the #TollMilling Transaction under which Denison received an upfront payment of $32,860,000 (CAD$43,500,000), in exchange for its right to receive future toll milling cash receipts from the MLJV under the current toll milling agreement with the Cigar Lake Joint Venture from July 1, 2016 onwards. The upfront payment has been accounted for as deferred revenue." $CCO $CCJ $ARVCF > "Revenue from #DES (Denison Environmental Services) during Q1 2017 was $1,496,000, while revenue from the Company's management contract with UPC was $307,000." > Other Income - During Q1 2017, the Company recognized gains of $3,508,000 in other income. The gains in the current period were predominantly due to gains on investments carried at fair value, of $2,938,000, driven by favourable mark-to-market adjustments on the Company's investments in $GXU GoviEx Uranium Inc. and $SYH Skyharbour Resources Ltd. * Q1 2017 PERFORMANCE HIGHLIGHTS -- Extended high-grade mineralization within the Gryphon D series of lenses at Wheeler River -- Continued infill #drilling, to increase the confidence of current resources estimated for the Gryphon deposit, returned confirmatory high-grade and thick intersections -- Executed Agreement to Increase Ownership of Wheeler River Project Up to 66% -- Closed non-dilutive financing for gross proceeds of CAD$43.5 million, providing financial flexibility to fund future project development activities -- Obtained financing for the Company's 2018 Canadian exploration activities -- Exploration Drilling Outside of the Gryphon Resource --Evaluation Program / #PFS Activities #Uranium #Development #AthabascaBasin http://denisonmines.mwnewsroom.com/press-releases/denison-reports-q1-2017-results-including-highlights-from-successful-winter-2017-tsx-dml-201705021093480001
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from #uranium,
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@ylr Looked up a few #uranium tickers $CCO, $NXE, $DML ... Is it time to buy yet ? No.
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from #index,
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@GEMOIL nxe
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@cole119 YAY a positive!! (mice nuts though) , from Twitter, Uranium Energy Corp‏ @UraniumEnergy 4h4 hours ago More #U3O8 Spot Price Indicator for May 5, 2017: #UxC US$22.56/lb (+$0.06) $NXE, $CCO, $GXU #Uranium
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from #nxe,
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@wannabeinvestor An interesting viewpoint on nuclear newbuilds in the developed world. The author consults nuclear utilities for a living. http://www.neimagazine.com/opinion/opinionthe-uk-nuclear-programme-does-it-make-any-sense-5809043/ #uranium $NXE $CCO $EFR
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from #uranium,
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@Rulingmining They gave the updated timeline a week or 2 back $CCO
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from #nxe,
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@Vaughan WRT the Cameco court case: I'm not sure when the case is to be heard before the TCC (or if its been heard already), however the Judges of the TCC seek to issue their written judgements about 6 months from conclusion of the hearings. For oral judgements it is quicker, but given the significance of the case (amount in question) I think a written judgement will be in order. $CCO
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from #nxe,
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@Vaughan Just looked in the Md&A for $CCO. They expect the case to be heard in March on this year.
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from #nxe,
@marketwired Cameco annonce des changements dans la direction et fait part de l'élection des administrateurs @marketwired/cameco-annonce-des-changements-dans-la-direction-et $CCO $CCJ.US #news/mining
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from #newsroom,
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@wannabeinvestor @onekey, suspect the reason why this has not yet happened is largely because of the Kazakhs. they were the ones who were ramping up production in a declining price environment. then again, why don't the Western producers cut back on production and recycle the secondary supply overhang is beyond me. They all have longer-term off-take contracts priced at a significant premium to the spot market prices. I know $EFR used to do it, and I suspect $CCO must have done that as well. but it's likely difficult for $CCO to meaningfully cut back production at Cigar or Mac. it's probably cheaper to run these mines than to put them on care and maintenance. $CCO I think mentioned on their latest earnings call that they'd be prepared to cut back more in H2, but will they? at the same time new production capacity is being opened up, i.e. Peninsula's ISL operation in Wyoming, Husab and I think there is at least one other.
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from #uranium,
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@Goldfinger Cameco $CCJ $CCO guidance for 2017 is for delivery of 30-32 million lbs of U3O8 at an average price of US$49/lb and average unit cost of sales of US$36-$38/lb. When those long term contracts roll off over the next few years Cameco will be producing $uranium at a loss unless we see a turn up. Even 5-year forward pricing is currently in the low $30s.
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from #index,
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@Geo @Goldfinger Are you suggesting any dump of $CCO in near future?
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@Geo @Goldfinger Keep in mind that China and India are building reactors, and they will need to get electricity for their plans http://www.mining.com/web/china-india-aggressive-electric-vehicle-push/ , additionally if natural gas prices will surge nuclear is one of the most reliable options,,,,
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@Goldfinger @Geo I'm not suggesting anything. I am stating some facts. $CCJ $CCO $uranium
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from #index,
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@ocotilloredux A brain fart I had too good not to share on the public board.... http://www.mining.com/bhp-likely-to-open-jansen-potash-mine-in-canada-by-2023/ For what BHP has sunk here and has to spend, they could have bought 3 $NXE's and built Arrow. I wonder if they realize they could be the #2 U producer in the world behind Kazatomprom with an NXE acquisition which then places Cameco $CCO $CCJ into wind down/ liquidation mode over the next 12-15 years due to lack of competitive reserves in the ground.
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from #nxe,
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@ocotilloredux A brain fart I had too good not to share on the public board.... http://www.mining.com/bhp-likely-to-open-jansen-potash-mine-in-canada-by-2023/ For what BHP has sunk here and has to spend, they could have bought 3 $NXE's and built Arrow. I wonder if they realize they could be the #2 U producer in the world behind Kazatomprom with an NXE acquisition which then places Cameco $CCO $CCJ into wind down/ liquidation mode over the next 12-15 years due to lack of competitive reserves in the ground.
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from #popular,
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@Geo @ocotilloredux So you imply that Cameco has no competitive reserves in the ground now?
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@ocotilloredux Have me on if you want @Geo. I designed it all at McArthur River since 1997. Tell me something new. Otherwise you are my btch. Doug Beattie.
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@Geo @ocotilloredux Don't want to argue with you on CCO. Clearly you have an edge. I heard that they were heavily downscaling theirs operations, plus TEPCO case, plus taxes case, nevertheless thinking that they have some very strong assets to survive but after you statements my sentiment might change dramatically...
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@staffpro pricing in bankruptcy $cco
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@staffpro @ylr with the way rio, BHP, cameco $cco and areva, or any potential suitor are trading certainly possibly
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from #nxe,
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@cole119 Thanks @Goldfinger, here's to an "unbelievable" PEA
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anonymous is $CCJ the next Nortel Networks
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@staffpro soon BHP will be able to buy $CCO or Areva for less than $NXE =D
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from #nxe,
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@staffpro @wannabeinvestor $CCO $NXE $BHP if all the experts say the cost to mine is north of 65$ all-in why is anyone mining why isn't everyone just buying spot? Suitors and current producing companies included.
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from #nxe,