Commentary from Chris – Fri 17 Feb, 2017

The coming “Rip-Your-Face-Off Rally” for uranium

Our buddy and Colleague Rick Ackerman and others have asked for a representative compilation of my uranium-related analysis of the recent past, so here it is!


Theme — Uranium’s Coming Rip-your-face-off Rally

Chris Temple

  1. On February 17, 2017 at 7:09 am,
    CFS says:

    I don’t see uranium taking off before PDAC; we’re in a near downturn for a couple of weeks.
    But then I’m not a technician.

    • On February 17, 2017 at 1:17 pm,
      Excelsior says:

      Nexgen has a highly anticipated Resource Update, that many investors feel will be released before the PDAC and could be a big driver in price movement when it hits the news wires.

      • On February 17, 2017 at 8:56 pm,
        Excelsior says:

        Mr T – Good compilation of different thoughts on the Uranium space.

        I remember you discussing Kivalliq in the past, and appreciated that coverage.

        As for Energy Fuels, I completely agree it is one of the safer bets in the space. (if there is such a thing with Uranium stocks). Denison is pretty safe as well with a mix of inputs from their partial ownership of a mill with Areva that processes Cameco ore, their exploration projects in the Athabasca, their 25% ownership of GoviEx in Africa (where they spun their African assets into that company), and their Environmental services division. Cameco is the largest strictly Uranium-focused company, but it has a few headwinds its coming up against.

        What I think is interesting is that the Smaller producers Ur-Energy and Peninsula Energy don’t get much attention, and neither has the development companies like Anfield Resources, Bannerman Resources, or Toro Energy.

        As for Explorers, the safest bet has been Nexgen, but it is no longer cheap here. However, with their resource coming out, they may get further rerated, and they are going to be applying for a dual listing in the US next month. That should make them a prime target for institutional investors. UEX Corp, SkyHarbour Resources, Berkeley Energy, and Canalaska (that you mentioned in your piece) are also interesting exploration stories. Fission is another one, but they’ve made a number of weird decisions that other investors in the sector are still scratching their heads about.

        • On February 17, 2017 at 8:59 pm,
          Excelsior says:

          I also am not playing a different end of the spectrum with 2 nuclear fuels stories – Centrus and Lightbridge Corp. We’ll see what happens but I definitely see the case for appreciation in both.

          • On February 17, 2017 at 9:00 pm,
            Excelsior says:

            Not = Now as in “now playing in a theater near you….”

    • On February 17, 2017 at 9:57 pm,
      Excelsior says:

      Prepare to Profit Series Part 2: A Clear Path to Much Greater Uranium Demand
      JANUARY 13, 2017 – Katusa Research

  2. On February 17, 2017 at 7:22 am,
    CFS says:

    Yesterday’s Close Epstein TA:

    • On February 17, 2017 at 1:17 pm,
      Excelsior says:

      Thanks CFS. I’m enjoying the Epstein technical analysis videos.

      • On February 17, 2017 at 10:28 pm,
        Pete says:


  3. On February 17, 2017 at 7:49 am,
    CFS says:

    Platinum is where the action will be!
    Contract Last Change Open High Low Previous Volume Time Links
    PLY00 (Cash) 1,000.22 -9.50 1,010.50 1,012.86 999.09 1,009.72 0 09:36
    PLH17 (Mar ’17) 1,006.0 -7.8 1,006.0 1,006.0 1,006.0 1,013.8 8 09:15
    PLJ17 (Apr ’17) 1,007.0 -8.7 1,016.5 1,019.1 1,004.3 1,015.7 6,770
    PLN17 (Jul ’17) 1,009.4 -9.8 1,019.4 1,022.7 1,008.0 1,019.2 124 09:30
    PLV17 (Oct ’17) 1,017.4 -5.6 1,022.0 1,026.0 1,017.4 1,023.0 9 09:09
    PLF18 (Jan ’18) 1,027.4s +6.0 0.0 1,027.4 1,027.4 1,021.4 3 02/16/17
    PLJ18 (Apr ’18) 1,031.4s +6.0 0.0 1,031.4 1,031.4 1,025.4 0 02/16/17

    • On February 17, 2017 at 12:08 pm,
      CFS says:

      You’ve probably heard that all the gold ever mined would only fill 2 Olympic size swimming pools.
      Well have you thought about Platinum.
      If filling just one Olympic swimming pool, it would only be shin height, on a short person at that!……Barely over army boot height!

  4. On February 17, 2017 at 8:41 am,
    CFS says:

    US Stock Markets are closed Monday for Presidents Day

  5. On February 17, 2017 at 9:30 am,
    AJ says:

    The president’s thoughts yesterday:

    “You know what uranium is, right? It’s this thing called nuclear weapons. And other things. Like lots of things are done with uranium. Including some bad things”

    Have a small position in EFR/UUUU though

    • On February 17, 2017 at 10:22 am,
      OOTB Jerry says:

      A President in the know…….thanks for the reminder………

      • On February 17, 2017 at 11:31 am,
        CFS says:

        Uranium is a source of power.

        Both Military AND Energy!

        They both have their place.

        • On February 17, 2017 at 1:47 pm,
          Excelsior says:

          My focus in investing in Uranium extraction is strictly for Energy, as the miners today are only supplying that side of the equation, and most governments haven’t been buyers of Uranium for defense in decades.

          For any investors that have seriously followed the space the last few years, they’d note that what has continued to slam spot pricing was really the US government and Russian governments continuing to dump large amounts of Uranium and Plutonium into the spot markets as the government stockpiles are so over-supplied. They were dismantling warheads in a program called “Megatons for Megawatts” and it was supposed to conclude at the end of 2013……but it didn’t stop. Only recently, with some of the tensions with Russia, did the US finally stop this process that has been killing industry in their own backyard.

          There are clear limits and metrics that were supposed to be adhered to with this program (designed so that they didn’t interfere too badly with the Uranium business marketplace). Like usual, the government has no grasp on ramifications or the impact their meddling has in the longer term business cycles, and only had short term thinking. The Obama administration and the DOE completely ignored these guidelines or the effects it was having and just dumped all that fuel into the open market without any thought of the consequence.

          It is really a shame industry leaders weren’t more vocal in their opposition to the level that the US and Russia had ratcheted up their supply dumps, because they set things back by years in Uranium mining, and continued to pressure the spot market in 2014, 2015, and 2016. If the market had been allowed to operate free of their intervention, then prices would have risen sooner, and Japan may have held onto more of their supply reserves for fear of escalating fuel pricing.

          We haven’t had an administration that has understood the importance in Nuclear energy in quite some time. The Bushes were both obsessed with Oil, and the Clintons were working with Giustra to help the Russians an ex-Soviet countries lock down supply, while the US continued importing 90% of its Uranium needs. Imagine if the US imported 90% of it’s Oil. It’s crazy. Then the Obama administration was afraid to even discuss Nuclear power because it was so unpopular post-Fukushima. It has been shameful that more attention was focused on how Nuclear meets their wacky carbon-free emissions goals, and the fact that it supplies 1/5 of the power in this country. The US has the largest fleet of 100 reactors, and is the largest importer of Uranium, and yet, the only time we hear about it is when scare tactics over Nuclear weapons are discussed. If Trump’s only thought are that lots of things are done with Uranium, “including some bad things then” once again the government just doesn’t understand this important sector to our energy independence, or the many miners that could be expanding operations and creating high paying jobs Wyoming, Arizona, and Texas.

          Their cluelessness continues to be astounding.

          • On February 17, 2017 at 3:40 pm,
            Stephan B. Feibish says:

            Fortunately for us, both Canada and Australia have uranium. And Australia doesn’t even use it.

          • On February 17, 2017 at 9:04 pm,
            Excelsior says:

            Agreed. Australia is a huge supplier of Uranium but they mostly sell to China, Japan, Russian, and other countries in Asia. There are a few good Aussie Uranium miners and developers worth following.

          • On February 17, 2017 at 9:18 pm,
            Excelsior says:
  6. On February 17, 2017 at 10:22 am,
    Matthew says:

    Off topic: The Canadian dollar found support at the 200 day moving average and a 50% Fibonacci fan support today. I expect more choppy, sideways action for now but am bullish for 2017.

  7. On February 17, 2017 at 11:50 am,
    Marty says:

    CDE @ $8.86

  8. On February 17, 2017 at 3:23 pm,
    Jason says:

    I have a TON of shares in PALAF at an average of about 9 cents.

  9. On February 18, 2017 at 5:23 am,
    Ozibatla says:

    Australia, so rich in resources yet so poor and shortsighted in ingenuity and business savvy