Palidine PDN

[rogerklam]

Japan's restart of nuclear reactors will help Europe's winter ...https://www.reuters.com › business › energy › japans-rest...
Sept 27, 2022 — Japanese Prime Minister Fumio Kishida said in August that Japan will restart more idled nuclear plants and look at developing next-generation ...

EDF to restart all its nuclear reactors this winter - ministerhttps://www.reuters.com › business › energy › edf-restart-...
Sept 2, 2022 — PARIS, Sept 2 (Reuters) - French state-owned utility EDF will restart all its nuclear reactors, more than half of which are now closed for

[Bobwins]

I recently got interested in Uranium again. It blasted off in late 2020 without me. The U stocks faded this year so about a month ago I bought UUUU, URNM, UEC and LEU. I also bought smaller positions in GLATF and BSENF. I did so after reviewing a bunch of youtube videos presented the bull case for uranium. Obviously the war in Ukraine has turned a spotlight on energy and Uranium is becoming a pretty big part of the story.

Russia is a big supplier of uranium but probably more importantly is a major player in enrichment, turning the raw U308 into a usable fuel source.

I always thought it was kind of crazy to rely on Russia for this task but it worked for several decades. Unfortunately they did it so cheaply that the uranium enrichment industry in the US went away. France still relies on nuclear more than us so they still have enrichment capacity but not enough to totally replace Russia right now. Luckily the nuclear reactor utilities typically plan well in advance and have sufficient fuel supplies on hand for awhile.

But the resurgence of the US uranium industry is really going to happen. The existing players aren't really producers. They have mothballed projects that can be activated with money and time. I expect US producers to be subsidized at first. So here's why I bought the various stocks:

UUUU Energy Fuels has the only licensed plant in the US able to turn yellow cake into U308. The plant is currently being used to separate rare earths. They have survived the nuclear winter and the White Mesa plant ensures that they will be part of any nuclear renaissance in the US.

URNM is an etf with uranium stocks run by Sprott.

UEC has been collecting uranium assets for a long time. They have several uranium producing projects in mothballs waiting for the price of U308 to rise so they can profitably produce. They bought Uranium One and acquired several projects as well as 5 million pounds of U308. They are a billion dollar market cap player with no production! But they are well positioned with several ISR projects that can be restarted relatively easily.

LEU Centrus Energy is an active supplier to the worldwide nuclear power plant industry. They help design solutions for utilites and provide the potential for improved fuel rods for the industry. They actually have revenues! Their stock was hurt by the fact that they have contracts for enrichment with Russia and could be hurt by tough sanctions. But if there is a nuclear revival in the US and new, better fuel is part of it, it's hard to imagine LEU won't benefit.

GLATF Global Atomic is building a uranium mine in Africa. They are well into construction and will likely beat many of the restarts into production.

BSENF Baseload is further down the chain and is a true junior explorer. They are much small in market cap than the others on this list.

A secondary theme in Uranium stock revivals is that the whole clean energy revolution has turned up a big problem. Solar and wind are intermittent. They haven't been able to provide baseload power. Ask Germany if pouring billions into solar and wind has worked. In addition, whether they like it or not, nuclear emits no CO2. Yeah, we still have the spent fuel problem but this winter, Germans and Europeans will have a much bigger problem than theoretical arguments about spent fuel. They could freeze to death. Nuclear provides safe baseload power. That's why the Chinese are building 150 nuclear reactors. The Chinese are building traditional very large reactors. Another interesting part of the nuclear story is SMR. Small modular reactors could become very important to the mining industry as well as small remote towns and villages. These smaller reactors can theoretically be built in a more factory like manner and bring down costs and time to build. US plants can take 30 years to design and build. The first Western SMR is scheduled to be built and operating by 2027. Success here could invigorate the industry and open up much wider usage of SMR's.

[geo]

It looks like a new bull market in uranium has started and almost nobody here seems to be paying attention. I already made good money on UUUU last year and Cameco this year. Lately, I've been buying Sprott Uranium and CanAlaska.
I haven't done any serious due diligence on Paladin. The chart you posted looks a lot like many other uranium stock charts and if it's like the last bull market in uranium...

[rogerklam]

PDN.AX broke out to 52 wk high again, all I am looking is only $2.

[rogerklam]

Presentation from PDN.AX
https://www.asx.com.au/asxpdf/20200415/ ... v9lwn5.pdf

[rogerklam]

https://www.asx.com.au/asx/share-price- ... ompany/pdn

Paladin to Optimise Langer Heinrich for Restart Decision

[rogerklam]

From quarter activities report
https://www.asx.com.au/asx/share-price- ... ompany/pdn

URANIUM MARKET
The TradeTech weekly spot price average for the September quarter was US$25.82/lb, an 18% increase
compared to the June quarter and a 27% increase compared to the September 2017 quarter. Following on from
Cameco’s production announcement and amidst robust purchasing activity, spot prices continued strengthening
reaching $27.65/lb at the end of September 2018.
On 25 July 2018, Cameco announced an indefinite extension to the suspension of production at its McArthur
River/Key Lake operation. The announcement, referencing challenging market conditions, removes an additional
3Mlb of supply in 2018 and as much as 20Mlb p.a. from 2019 onwards. Spot market volumes have remained at
historically high levels exceeding the previous annual record level (from 2011) by late-August and currently
standing at 72Mlb.
The US Department of Commerce announced mid-July the launch of a Section 232 investigation into whether US
uranium imports are a threat to national security. Further market intervention in support of threatened nuclear and
coal power plants is also being pursued by the US government. Both initiatives have the potential to positively
impact forward uranium prices.
The co-owners of the Vogtle new-build project in the southern US voted to continue construction in late-September.
The vote was triggered in light of cost overruns for the two new units which are the first new nuclear plants to be
built in the US in over 30 years. The units are expected to come into service in 2021 and 2022 respectively.
Yours faithfully
Paladin Energy Ltd

P.S. I do have a position

[rogerklam]

Resume trading today at 1/10 of the value or less. The price to pay to be early and highly leverage. In the hindsight, I should just stick to nxe.to. You can be early but you have to stick to a strong one.
http://www.proactiveinvestors.com.au/co ... 91682.html

[rogerklam]

Resume trading today at $.065.
https://www.stockwatch.com/News/Item.as ... N&region=C

[atlevan]

Time-to-get-serious-about-nuclear-power

http://www.ozy.com/pov/time-to-get-seri ... ower/75736

[rogerklam]

http://www.theaustralian.com.au/busines ... 248d471018

One of the world’s biggest independent sources of uranium could fall into Chinese government hands at a knockdown price, with the state-owned giant China ­National Nuclear Company dangling an axe over Paladin Energy and its $US362 million ($471m) debt restructuring.

[rogerklam]

make me nervous during the U correction phase.

[steelpiston71]

Halted...

[rogerklam]

It is worth your time to view the presentation. Just a few minutes.
14/02/2017 31 December 2016 Half Year Conference Call Presentation
http://www.asx.com.au/asx/statistics/di ... d=01828297

[steelpiston71]

I know someone with 250K shares of PDN.TO, at about 10 cents avg. 5-7 timeframe, looking for $6 to $8 before selling !