Uranium - talk to me people :)

[Stacktastic]

Im looking at making my next move on a stock & I have been looking at Uranium. I have done a bit of research, I intend to do a lot more though

What are peoples views on this, what shall i look out for and how long would it be worth holding this investment? I have been watching Cameco for a few weeks & it is showing all the signs of a possible pull back, so this time I will be more patient. Hoping it hits that little dotted line, but I doubt it. I shall start with £100 when if it hits July figures.  

 

 

[Thelonerangershorse]

Can't hurt to keep a couple of Oz tucked away in the bottom of the sock drawer.

[sixgun]

i made investments in uranium stock a few years back - there was a bit of a bull run and it looked like price would take off - they didn't and eventually i get rid of most of what i hold but i do still hold some stock. (Goviex and i hold a few warrants in Uranium Royalty Corporation)

i would say Rick Rule videos are good to search out and take a look at what Sprott is investing in. 
Rick's view is that uranium will remain down for a couple more years before it starts to come back again. It is an area i will be diving back into but at the moment the wind is in the sails of precious metals so that is where i am.

[Gildeon]

if you don't hold it you don't own it! 💀

[Kman]

Whats the story with uranium? whats the appeal? over more traditional things like metals, oil or gas etc

 

[Roy]

17 minutes ago, Kman said:

Whats the story with uranium? whats the appeal? over more traditional things like metals, oil or gas etc

 

Uranium is a metal and it comes out of the ground too.

[Kman]

2 minutes ago, Roy said:

Uranium is a metal and it comes out of the ground too.

Do you have anything meaningful to add (lol) or would you like to discuss more moot points like the symbol for Uranium, atomic number etc

 

[Roy]

Sorry, I don't know anything about Uranium.

But I watched a youtube interview with Rick Rule recently (he knows something about stocks and investing) and he made a very good case for Uranium. 

I don't personally invest in Uranium for the reason I mentioned above.

[Norskgeld]

Personally I prefer Unobtainium 😎

[Norskgeld]

......or a Geranium. 🌺

[richatthecroft]

1 hour ago, Kman said:

Whats the story with uranium? whats the appeal? over more traditional things like metals, oil or gas etc

 

Given the right conditions it can make a loud bang 😃 

[KDave]

1 hour ago, Kman said:

Whats the story with uranium? whats the appeal? over more traditional things like metals, oil or gas etc

 

My investment thesis - Energy is leverage. A man can produce 1 unit using his labour. The same man can leverage his production with an electrically powered machine and do the work of 10 men in the same time. The cost of that leverage is important though. If he uses coal or gas produced leverage, he might pay 1 unit to produce that 10, net gain 9 units. If he uses wind or solar produced leverage, he might pay 7 units worth to produce 10, net gain 3 units.

Nuclear is somewhere between the two, lets say 3 units cost to 10 out. It is not as efficient as coal or gas, but it is reliable and it is cheap in terms of units put in, compared to renewable sources, which are expensive in terms of relative efficiency (units in vs out) and also in terms of reliability. Reliability is massively important for certain industries, we are so used to reliable power supply people have forgotten what its like without. Renewable does not provide that reliability or anywhere near the efficiency of leverage we are used to, but coal and gas are marked for death by the climate lobby. If renewable was reliable, it still costs a fortune to produce relative to fossil fuel, which means a huge cut in the cost of living from 9 units down to 3. It ain't going to happen. So what then do we invest in? Something between the two. Uranium. 

A nation that produces 10 units for every 3 put in will out compete a nation that puts 7 in to produce the same amount. When industrial output becomes the driving force of the economy again, these things will matter. And if coal and gas are off the table due to the politics, it will be the next most efficient form of reliable electricity that is used for production in order to be competitive - nuclear. Uranium as an investment then is a play on a host of things, politics, expected energy requirements due to reindustrialisation, etc.

[HerefordBullyun]

7 hours ago, Stacktastic said:

Im looking at making my next move on a stock & I have been looking at Uranium. I have done a bit of research, I intend to do a lot more though

What are peoples views on this, what shall i look out for and how long would it be worth holding this investment? I have been watching Cameco for a few weeks & it is showing all the signs of a possible pull back, so this time I will be more patient. Hoping it hits that little dotted line, but I doubt it. I shall start with £100 when if it hits July figures.  

 

 

I posted recommendations  on the mining stocks or 3000 in the stock market thread i cant remember  off hand. Have a trawl through mate GCT is one I can remember off hand. Geiger counter is one.

Edited September 4, 2020 by HerefordBullyun

[HerefordBullyun]

2 hours ago, Roy said:

Sorry, I don't know anything about Uranium.

But I watched a youtube interview with Rick Rule recently (he knows something about stocks and investing) and he made a very good case for Uranium. 

I don't personally invest in Uranium for the reason I mentioned above.

Its the next sleeping silver..

[Stacktastic]

3 hours ago, KDave said:

My investment thesis - Energy is leverage. 

Nuclear is somewhere between the two

coal and gas are off the table due to the politics, it will be the next most efficient form of reliable electricity that is used for production in order to be competitive - nuclear.

My thoughts exactly!! yes it has its very rare meltdown problems, but it can produce a lot of energy cheaply & relatively cleaner than fossils. 

2 hours ago, HerefordBullyun said:

I posted recommendations  on the mining stocks

Yes thanks. I think this is a big play in the next 10 years fo thought a separate post on this, just incase we have any in-house experts. 
Yes rick rule is the man. I shall do my research. I might start making a move on one or two companies with todays stock moves. 

Gonna bide my time with this one. 

Edited September 4, 2020 by Stacktastic

[KDave]

Well yes the meltdowns and thousands of years of radioactive waste are a big problem of course. I would rather coal and gas be continued as the main fuel source personally as I don't think climate change is man made I am one of those nutters. But since everyone else believes, I will invest accordingly and apply logic to it. However they will never replace oil, and unless they can provide enormous amounts of cheap power for the electric vehicles we will take a massive cut in standard of living. The solution is Uranium and potentially if they can make it cheap enough, hydrogen gas to replace LNG. Solar and wind just won't deliver the same cheap leverage, if we rely on them alone we will take a huge cut in the quality of living, it just costs too much to set them up and maintain them vs the amount of power we get out. Nuclear power on the other hand is nearer to coal and gas in efficiency, 1kg of Uranium is the same as 1.7 million tonnes of coal in energy equivalent, its more expensive to set up and maintain than a coal or gas fired but its not far off and is a constant 24 hours a day output. 

[sixgun]

https://www.holdingschannel.com/all/stocks-held-by-sprott-inc/

There are a few uranium stocks that Sprott is holding as of this June 2020.

i will be visiting uranium stocks again one day but not today - as Rick Rule says it costs $50 a pound to produce but sells at $30. The cure for low prices is low prices.

The last time the market visited this situation, many miners went out of business, exploration fell off a cliff. There wasn't enough supply, so when demand exhausted the stockpiles, price exploded up - $billions were made in 100 bagger miners.
The same applies today - the world is running on the stockpile from the last boom. Stock piles are running down. As i said in past years on this forum with reference to silver, it is not a question of IF it is simply a matter of WHEN. The lights go out with no nuclear. The silver in an iphone is pennies but it is vital to the iphone. Plenty of room for price appreciation. The cost of uranium in a nuclear power plant is pennies - plenty of room for price appreciation.
See you again in a couple of years time.

Edited September 4, 2020 by sixgun

[KDave]

Cameco and uranium energy corp at a glance, maybe more. I also see he's holding some apple and nutrient, Exxon as well. Diversification is good, must be time to sell apple though. 

[Stacktastic]

Just bought into Denison mines today as its on a dip. The CEO reminds me of Bernard Bresslaw. Gonna gun for Cameco next, ideally energy fuels, but Cameco has shut down recently, so will hopefully present some very nice prices . I don't think there is any rush with this, happy to add as and when smaller amounts up to a cap. Another lockdown will mean serious deals on most mining I think.

I am no expert but I would say these are very cheap prices, i cant see how they make any money!! As has been mentioned by Rick Rule, if everyone suddenly switched to solar the lights would go out, so there is certainly a short term requirement for efficient energy that is not as politically/environmentally under pressure. Lets face it we are heading into the 4th industrial revolution, which means a massive leap forward in computing power & the use of machines (ie amazon using drones, electric transport etc.) so I would say this is certainly a good investment in within the next 5 years as electricity consumption will go up massively . Potentially even better than silver. 

Edited September 12, 2020 by Stacktastic

[Bumble]

If you would prefer to buy a fund, there is the Global X Uranium ETF (URA), or on London there is Geiger Counter (GCL.L). If you just want to own uranium rather than uranium stocks, there is Yellow Cake (YCA.L). If you want to keep your own uranium at home, don't store it all in one place, because your home insurance probably doesn't cover you for the risk.

[sixgun]

8 hours ago, Bumble said:

If you would prefer to buy a fund, there is the Global X Uranium ETF (URA), or on London there is Geiger Counter (GCL.L). If you just want to own uranium rather than uranium stocks, there is Yellow Cake (YCA.L). If you want to keep your own uranium at home, don't store it all in one place, because your home insurance probably doesn't cover you for the risk.

For uranium exposure i wouldn't recommend URA - if you look at the fund's holdings there is a lot that is mining related but not uranium.

https://finance.yahoo.com/quote/URA/holdings?p=URA

Edited September 13, 2020 by sixgun

[sixgun]

 

[Stacktastic]

 

On 12/09/2020 at 21:04, Bumble said:

 If you just want to own uranium rather than uranium stocks, there is Yellow Cake (YCA.L). If you want to keep your own uranium at home, don't store it all in one place, because your home insurance probably doesn't cover you for the risk.

 

20 hours ago, sixgun said:

For uranium exposure i wouldn't recommend URA -

Yellow cake is one I have been watching on 212. I have not looked at it, thought it was a mine. LOL. There is not a lot to choose from on 212, so Cameco seemed a good bet. I did not expect denison to fall as much as it did. If it physical uranium I think thats a better idea than having a few kg's in my garage.

I need to put some time into it, but its not urgent - so will observe yellow cake I think. Yes seen the rick rule stuff. 

Edited September 13, 2020 by Stacktastic

[Kman]

I've just started reading this Q&A thread on reddit , quite interesting - https://old.reddit.com/r/IAmA/comments/is5qrd/ive_had_a_71year_career_in_nuclear_energy_and/

"I’ve had a 71-year career in nuclear energy and have seen many setbacks but believe strongly that nuclear power can provide a clean, reliable, and relatively inexpensive source of energy to the world. AMA""

[sixgun]

i have noticed by warrants in Uranium Royalty Corp and my stock in Goviex Uranium has been climbing. 
i was in loss with them for a long time but now in a 40 - 50% profit.
Interesting poll i just saw on Twitter.