We know you're a busy guy with paying subcribers and therefore you don't owe us non-paying followers anything, but we really appreciate it when you take the time to give us an update, so thank you Justin!
Just a headsup, the newly elected government in The Netherlands has plans to build 4 more nuclear plants. (currently The Netherlands has 1, which supplies about 3% of the grid's power)
Excellent update. Good emphasis on the AI electricity demand -- yet another uranium demand driver that wasn't mentioned 5 years ago when I got onto the cycle.
Andy says uranium always follow oil prices in a delayed manner. Gold and oil flies at the same time, i believe uranium has to follow this trend financially. Fundamentals supports overall thesis. Everything looks fantastic and constructive for the mid term.
I don't recall Justin ever addressing capex and how in this interest rate market many miners find it much harder to fund capex as their borrowing is more expensive. Thoughts, Justin?
Depends on the project's scope and various other factors. Most are at least partially funded with equity, but you're right...borrowing is not cheap and that certainly influences the necessary contracting terms for to-be producers.
Very interesting what you said about chat gpt using 10x the electricity compared to Google search. Data centers will be setting up shop right next to nuclear plants
If deficits are as large as many in the uranium community think, the reason is that there are sufficient inventories, at least for the moment. That's it. Nobody talks about inventories.
@@taintedseal O sweet summer fetus, discussions of inventories were "the spot market is dry" or "commercial inventories are low." Nobody is digging and providing data. I've seen a million supply/demand charts, and virtually nothing on inventories. Clearly, inventories weren't as low as the narrative led people to believe.
@@arrogantprickly Justin himself made numerous videos on it, "the markets opaque and we don't know how much is out there." There was confusion on why the spot price was barely moving despite all the buying by sprott and this was linked to unknown inventories being sold off. That eventually dried up and price has moved both ways on very low volume since. Utilities are currently trying to sign long term contracts so they obviously don't have knowledge about these stock piles. That's as good as information as we can speculate on. I'd ask, can you provide a single example of a large stock pile waiting to be sold off? It's a lot easier to prove the existence of something than the opposite.
A commodity doesn't rise in an oversupplied market. There are inventories in this industry...but the overhang of abundant, mobile inventory is over. It'll take years of supply ramping and high-volume contracting to build up commercial inventories to historically high levels.
We know you're a busy guy with paying subcribers and therefore you don't owe us non-paying followers anything, but we really appreciate it when you take the time to give us an update, so thank you Justin!
Super appreciated!
My pleasure. Will try to do these more frequently. 🍻
Perhaps daily? @@UraniumInsider
BOE ( ASX) just produced its first barrel. Now ready for full production
I wouldn't touch it as it isn't cheap anymore.
Good to see ya back with a update 👍🏼
Always look forward to hearing your thoughts and analysis. Thx bro
i can’t thank you enough for these videos. truly appreciate you keeping us normies informed!!
Hahaha Normie here reporting for duty!
Greetings from Australia. Thanks
Well done Justin.... great informative report
Thank you for the content been following you for a while now.
Thanks for the update 👍
Wow. That was good. Exceptional.
Thanks Justin.
Go Justin! Keep up the great work! Yes, thank you for sharing....
Amazing update! Thank you SER!!!
Korea built the 4 NPPs in The emirates, though, not in Egypt. Thanks as usual, Justin. From a happy UI member
Oops...you're absolutely right. Russia building Egypts plants.
Just a headsup, the newly elected government in The Netherlands has plans to build 4 more nuclear plants. (currently The Netherlands has 1, which supplies about 3% of the grid's power)
Thanks Justin!
Great job this is a perfect place to park money looking forward into the future.
☢️The legend is back☢️
Good to have you back JH!
Thanks Justin. Always appreciate your input and encouragement to stick it out.
can you be a cohost on one of my livestreams?
Only 100 more episodes to get to 3oh8
Haha true!
Are the floor prices for long term contracts inflation adjusted?
Depends on the contract, but for longer ones, yes they typically are. Cheers
Excellent update. Good emphasis on the AI electricity demand -- yet another uranium demand driver that wasn't mentioned 5 years ago when I got onto the cycle.
Andy says uranium always follow oil prices in a delayed manner. Gold and oil flies at the same time, i believe uranium has to follow this trend financially. Fundamentals supports overall thesis. Everything looks fantastic and constructive for the mid term.
Andy's ratio charts are great. Commodities moving up tends to be a tailwind for uranium even considering the uniqueness of this market.
I’m starting to get really tired of my financial advisor taking taking so long to get back to me with his RUclips videos
He's busy, he's my financial advisor too 😂
Wow, we really screwed the pooch with selling SMR at a loss and now watching it break all-time highs. That one hurts.
Love your videos!
Thank you!
Thanks for sharing. My view is uranium stocks have topped for now and I will be buying much later on. Just my opinion.
I don't recall Justin ever addressing capex and how in this interest rate market many miners find it much harder to fund capex as their borrowing is more expensive. Thoughts, Justin?
Depends on the project's scope and various other factors. Most are at least partially funded with equity, but you're right...borrowing is not cheap and that certainly influences the necessary contracting terms for to-be producers.
number of shares of URA is not constant over time. I dont think you can divide URA price by commodity price.
It's a general gauge, but you are correct
Whoop whoop 🎉
Any thoughts on NuScale Power equity Justin?
Nobody is talking about Centrus Energy anymore. Why? Is there any news on DOE RFP for HALEU production award date?
SAME QUESTION here!!!
Me, I have been adding to LEU at every dip.
Holding BOE, BMN and DYL
The big three. The very best ones to hold IMHO - from New Zealand.
תודה
we could still be years away from a real shortage in uranium because the spot price would be 300 lb?
URA is at the near bottom of an over 1 year channel, on a daily chart.
Justin is always all alone in the office
Haha
Everyone else works from home
Great information, keep it up!
He needs a dog
Justin does a lot of overtime. Always the last to leave the office 😁
Very interesting what you said about chat gpt using 10x the electricity compared to Google search. Data centers will be setting up shop right next to nuclear plants
Already are! Huge trend. Cheers
NexGen just rattled the market and itself
How does everyone feel about $UROY ? I started a small position this week.
What about Australia now considering Uranium SMRs
We have to get rid of the Labor government first before that happens.
Get rid of 🤡 Bowen
👍
At this point it is almost there! Just need Biden signature on it , it passed the senate last Tuesday i think
If deficits are as large as many in the uranium community think, the reason is that there are sufficient inventories, at least for the moment. That's it. Nobody talks about inventories.
O sweet summer child, where were you last 2 years? Inventories were the hot topic.
@@taintedseal O sweet summer fetus, discussions of inventories were "the spot market is dry" or "commercial inventories are low." Nobody is digging and providing data. I've seen a million supply/demand charts, and virtually nothing on inventories. Clearly, inventories weren't as low as the narrative led people to believe.
@@arrogantprickly Justin himself made numerous videos on it, "the markets opaque and we don't know how much is out there." There was confusion on why the spot price was barely moving despite all the buying by sprott and this was linked to unknown inventories being sold off. That eventually dried up and price has moved both ways on very low volume since. Utilities are currently trying to sign long term contracts so they obviously don't have knowledge about these stock piles. That's as good as information as we can speculate on.
I'd ask, can you provide a single example of a large stock pile waiting to be sold off? It's a lot easier to prove the existence of something than the opposite.
@@arrogantprickly well a better question is, on what data are you basing your assumption on? Just that there's a large supply demand gap?
A commodity doesn't rise in an oversupplied market. There are inventories in this industry...but the overhang of abundant, mobile inventory is over. It'll take years of supply ramping and high-volume contracting to build up commercial inventories to historically high levels.
Most uranium miners are a save way to lose money, because most of them double the number of shares outstanding in the last 4 or 5 years.
Your recording volume is very low.
First
It is mid 2024 and uranium stocks have performed poor.
Have any of you investigated the possible reasons why nuclear energy might negatively impact women?
Seriously. 😂😂😂
Need to get off the pipe .
Yes..many men will change wifes in the coming years with the wife changing profits
Another great one Justin .. the AI data centre play for nuke looks strong.