100% agree mate.One thing I've been pondering though, is the...

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fnord

63 Posts.

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15/09/21

08:30

Post #: 56069805
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Originally posted by ura_bull: ↑

I really don't think you've got a good picture of the overall situation here.

- There are 50 reactors being connected to the grid over the next 6 years.
- Each new reactor needs 2-3x yearly consumption in the initial load
- Illinois just voted to keep 3 reactors open that were slated to close (you can bet more states will follow)
- Sprott has bought over $6m lbs of uranium in it's first 3 weeks with it's first $300m
- It just extended the ATM by another BILLION dollars.
- SMRs are taking off with china getting 2 to criticality this week.
- Before all this the market was in a 50m lb/PA structural deficit
- Mothballed supply (which doesn't even come close to even filling the 50m lbs) will take 12-18m* to come back online and only at a spot price above $55 will that even start to happen
- New mines require $80+ and will take 2 years min - a good chunk will fail or experience serious delays.

Not the time for Uranium? Get real.

* PEN might get there in 6 months after $60 but that's only $1.15m lbs PA

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100% agree mate.

One thing I've been pondering though, is the potential impact of a Vimy merger / acquisition - it may be they're heading in this direction? JB / DYL has been thrown around.

While in the short term it's a good thing for Shareholders... not sure if long term it's beneficial.

Personally I invested early, for the long term. If I had to sell up now it'd be a pain in the proverbial.

Thoughts?

Last edited by fnord: 15/09/21

VMY Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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