Mika Palomäki
@mikapal.bsky.social
Environment, investing (uranium), equality, easy-life
Spot went about $2 higher. Sprott has been quite good sourcing pounds in tight market. Might be some off market transactions also.
June 22, 2025 at 6:09 PM
Spot went about $2 higher. Sprott has been quite good sourcing pounds in tight market. Might be some off market transactions also.
This +200M cash will make HARD STOP floor on uranium price. Absolutely no chance it'll drop back under $70.
June 17, 2025 at 9:44 AM
This +200M cash will make HARD STOP floor on uranium price. Absolutely no chance it'll drop back under $70.
Traders are now front running the trade. I think SPUT won't rush to the markets. Pushing Spot price up shouldn't be the main motive, rather draining the mobile inventory by buying the cheapest pounds available.
June 17, 2025 at 9:44 AM
Traders are now front running the trade. I think SPUT won't rush to the markets. Pushing Spot price up shouldn't be the main motive, rather draining the mobile inventory by buying the cheapest pounds available.
After the first "management fee bought deal" I expected something like this to come, but the eventual size of the raise came twice as bigger than speculated.
June 17, 2025 at 9:44 AM
After the first "management fee bought deal" I expected something like this to come, but the eventual size of the raise came twice as bigger than speculated.
The last three months Sprott has pretty much exceeded all expectations. In such a tight market finding the right investors to trigger the fund back alive, in best shape ever.
June 17, 2025 at 9:44 AM
The last three months Sprott has pretty much exceeded all expectations. In such a tight market finding the right investors to trigger the fund back alive, in best shape ever.
Even many uranium bulls were accepting this and taking it as a fact, counting how many pounds will enter the market to be able to get cash to run the fund.
June 17, 2025 at 9:44 AM
Even many uranium bulls were accepting this and taking it as a fact, counting how many pounds will enter the market to be able to get cash to run the fund.
The last year has been a really tough period, being constantly on a discount. Many were already pricing in that when the cash runs out they have to soon start selling some pounds back to market.
June 17, 2025 at 9:44 AM
The last year has been a really tough period, being constantly on a discount. Many were already pricing in that when the cash runs out they have to soon start selling some pounds back to market.
Then they learnt to be more patent, not deploying all the money at once but waiting and really searching for the cheapest pounds.
June 17, 2025 at 9:44 AM
Then they learnt to be more patent, not deploying all the money at once but waiting and really searching for the cheapest pounds.
The first year after SPUT was released they were still learning to play with the traders, being with too active buying on rising price just to see them coming back down.
June 17, 2025 at 9:44 AM
The first year after SPUT was released they were still learning to play with the traders, being with too active buying on rising price just to see them coming back down.
Yep unfortunately so. The momentum ended quickly. Quakes effect also quite big
May 29, 2025 at 7:10 PM
Yep unfortunately so. The momentum ended quickly. Quakes effect also quite big
That's how it went, not the first temporary exit from Shitter. It's a shame that the postings simultaneously ended here while returning with the herd.
May 23, 2025 at 7:43 PM
That's how it went, not the first temporary exit from Shitter. It's a shame that the postings simultaneously ended here while returning with the herd.
Quite a day indeed and good statistics! I've tried to gamble a bit on these rebalancing months and this time succeeded quite well. Today probably quite big corrections "back to normal"
April 1, 2025 at 9:31 AM
Quite a day indeed and good statistics! I've tried to gamble a bit on these rebalancing months and this time succeeded quite well. Today probably quite big corrections "back to normal"
I doubt we get a squeeze without any concrete funding news, and if we do then we can add a zero to these given percentages :) minus 25-35% also really likely, less than a month left and new PP needed
March 17, 2025 at 11:15 AM
I doubt we get a squeeze without any concrete funding news, and if we do then we can add a zero to these given percentages :) minus 25-35% also really likely, less than a month left and new PP needed
Good observations. Adding to this the current "low cost" producers are also gradually depleting their best assets. Rising cost won't be just from new greenfield mines but they come from all directions.
March 13, 2025 at 11:57 AM
Good observations. Adding to this the current "low cost" producers are also gradually depleting their best assets. Rising cost won't be just from new greenfield mines but they come from all directions.
Huomiotalous politiikkaa. Otetaan suuren maailman esikuvista mallia. Henkilökohtaisia rimanalituksia, mutta homma toimii ja tuottaa tulosta ja taas syntyy uusia janimäkelöitä. Näille ei pitäisi antaa mitään ylimääräistä mediatilaa. Sama kohtelu kuin ylä-asteen takarivin häirikkö-oppilaille.
March 10, 2025 at 8:46 PM
Huomiotalous politiikkaa. Otetaan suuren maailman esikuvista mallia. Henkilökohtaisia rimanalituksia, mutta homma toimii ja tuottaa tulosta ja taas syntyy uusia janimäkelöitä. Näille ei pitäisi antaa mitään ylimääräistä mediatilaa. Sama kohtelu kuin ylä-asteen takarivin häirikkö-oppilaille.
And I know they did most of their contracting during desperate days, but the difference to Kazatomprom is way too big so management can blamed for being this conservative.
March 7, 2025 at 8:28 PM
And I know they did most of their contracting during desperate days, but the difference to Kazatomprom is way too big so management can blamed for being this conservative.
Cameco and really nobody can predict this kind of big market reactions. But it's a shame that for biggest western producer it's preferred to happen later than sooner.
March 7, 2025 at 8:28 PM
Cameco and really nobody can predict this kind of big market reactions. But it's a shame that for biggest western producer it's preferred to happen later than sooner.
So CCJ can be satisfied that everything keeps lagging, but with this contract book it's really easy to also miss the huge margins. This market is so thin and surprising and along with SPUT, there could be any day or any year be a huge inflow of money to the sector.
March 7, 2025 at 8:28 PM
So CCJ can be satisfied that everything keeps lagging, but with this contract book it's really easy to also miss the huge margins. This market is so thin and surprising and along with SPUT, there could be any day or any year be a huge inflow of money to the sector.
If CCJ would have better sensitivity to spot price they could quite easily push the prices higher just by stacking some more mobile pounds to their inventory.
March 7, 2025 at 8:28 PM
If CCJ would have better sensitivity to spot price they could quite easily push the prices higher just by stacking some more mobile pounds to their inventory.
I still think their contract book is really weak, they have played if safe and so far it's succeeded. I actually think CCJ is one of the reasons spot keeps lagging because it serves them quite well. The longer the prices keep down and new development postpones it serves their case.
March 7, 2025 at 8:28 PM
I still think their contract book is really weak, they have played if safe and so far it's succeeded. I actually think CCJ is one of the reasons spot keeps lagging because it serves them quite well. The longer the prices keep down and new development postpones it serves their case.
Quite much hope in this thread, but eventually things settle and everybody knows how this sector moves. The positive trigger doesn't even need to be that big (f. ex spot moves back to $70-80 scale after some producer purchases) and the correction will be quick.
March 4, 2025 at 11:20 AM
Quite much hope in this thread, but eventually things settle and everybody knows how this sector moves. The positive trigger doesn't even need to be that big (f. ex spot moves back to $70-80 scale after some producer purchases) and the correction will be quick.
I think the main problem currently is that "Russia" + "uranium" are two words which have been too often linked together. Generalist investors/funds might end up to misleading conclusion that now there is a big excess supply which has been pending in cold storage now flowing to the market.
March 4, 2025 at 11:20 AM
I think the main problem currently is that "Russia" + "uranium" are two words which have been too often linked together. Generalist investors/funds might end up to misleading conclusion that now there is a big excess supply which has been pending in cold storage now flowing to the market.
There is a high incentive for producers to start buying the mobile pounds still circulating in the spot market. My guess is we'll see Cameco and Kazatomprom still in the market before summer.
March 4, 2025 at 11:20 AM
There is a high incentive for producers to start buying the mobile pounds still circulating in the spot market. My guess is we'll see Cameco and Kazatomprom still in the market before summer.