Former that is. He retired a few months ago.
But that freed him up to more freely express his bullishness for uranium and metals, without the restrictions place on executives of investment companies.
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Best Uranium stocks
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Former that is. He retired a few months ago.
But that freed him up to more freely express his bullishness for uranium and metals, without the restrictions place on executives of investment companies.
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This is YUUUUUGE news. SPUT has a major competitor in the physical market.
The world's largest uranium producer can't produce enough on its own.
JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) is pleased to announce that its Board of Directors has passed a resolution to participate in a physical uranium fund, ANU Energy OEIC Ltd. (“ANU Energy” or “the Fund”), established on the Astana International Financial Centre (AIFC). The Fund will hold physical uranium as a long-term investment with its initial purchases financed through the founders’ round investment totaling US$50 million, sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the Fund Manager) at 3%.
Once the Fund is operating, a second stage of development is expected to be carried out through an additional public or private offering, with the timing and details to be determined by market conditions. At the second stage, the Fund is expected to raise capital of up to US$500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases.
“The Fund will leverage the combination of Kazatomprom’s expertise in the uranium market and NIC’s proven track record, with the AIFC offering investors direct exposure to the attractive opportunity presented by the long-term fundamentals of the uranium market and nuclear industry,” said Mazhit Sharipov, Chief Executive Officer of Kazatomprom. “The establishment of ANU Energy is a project that has been in development for almost four years as part of Kazatomprom’s broader value-focused strategy, and the Fund will be operating in an environment of tightening supply, driving positive benefits for its stakeholders.”
The accelerated global transition towards clean energy, including nuclear power with its inherent climate and low-carbon benefits, provides a strong investment thesis for the uranium industry. However, despite growing interest from a number of international- and regional-focused investors over the past several years, opportunities to gain exposure to the commodity have been limited to two uranium funds – one trading publicly on the Toronto Stock Exchange in Canada and a second listed on the AIM Exchange (part of the London Stock Exchange) in London. ANU Energy, being established through the AIFC in Kazakhstan, will be the first uranium fund providing potential direct access for emerging market investors of various categories, particularly those focused on ESG and clean energy, as well as commodity funds, sovereign wealth funds and state-owned enterprises.
ANU Energy will be an independent entity governed by a qualified board of directors to ensure the volumes held by the Fund are managed responsibly.
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The world's largest uranium producer can't produce enough on its own.
Kazatomprom Announces Investment in Physical Uranium Fund
18 October
JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) is pleased to announce that its Board of Directors has passed a resolution to participate in a physical uranium fund, ANU Energy OEIC Ltd. (“ANU Energy” or “the Fund”), established on the Astana International Financial Centre (AIFC). The Fund will hold physical uranium as a long-term investment with its initial purchases financed through the founders’ round investment totaling US$50 million, sourced from Kazatomprom at 48.5%, National Investment Corporation of the National Bank of Kazakhstan (NIC) at 48.5%, and Genchi Global Limited (the Fund Manager) at 3%.
Once the Fund is operating, a second stage of development is expected to be carried out through an additional public or private offering, with the timing and details to be determined by market conditions. At the second stage, the Fund is expected to raise capital of up to US$500 million from institutional and/or private investors, with the proceeds to be used for additional uranium purchases.
“The Fund will leverage the combination of Kazatomprom’s expertise in the uranium market and NIC’s proven track record, with the AIFC offering investors direct exposure to the attractive opportunity presented by the long-term fundamentals of the uranium market and nuclear industry,” said Mazhit Sharipov, Chief Executive Officer of Kazatomprom. “The establishment of ANU Energy is a project that has been in development for almost four years as part of Kazatomprom’s broader value-focused strategy, and the Fund will be operating in an environment of tightening supply, driving positive benefits for its stakeholders.”
The accelerated global transition towards clean energy, including nuclear power with its inherent climate and low-carbon benefits, provides a strong investment thesis for the uranium industry. However, despite growing interest from a number of international- and regional-focused investors over the past several years, opportunities to gain exposure to the commodity have been limited to two uranium funds – one trading publicly on the Toronto Stock Exchange in Canada and a second listed on the AIM Exchange (part of the London Stock Exchange) in London. ANU Energy, being established through the AIFC in Kazakhstan, will be the first uranium fund providing potential direct access for emerging market investors of various categories, particularly those focused on ESG and clean energy, as well as commodity funds, sovereign wealth funds and state-owned enterprises.
ANU Energy will be an independent entity governed by a qualified board of directors to ensure the volumes held by the Fund are managed responsibly.
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kazatomprom.kz
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ZZZZZ, you didn't think Sprott would be the only player with U.UN.TO (or SPUT) did you? :-D
Pretty soon everybody will be hoarding Uranium.
Another strong start to the day.
It's just surprising that it's the world's biggest uranium producer that is joining the Buy More Physical Uranium Parade, front and center.
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No use trying to hide the fact a shortage is coming. It’s common knowledge at this point.
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Not to my knowledge!
The more you know, the more you know that you don't know it all.
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I'm in the exact same spot. The funds URNM, HURA.TO and U.UN.TO are slower, safer plays until we find out where this wagon is headed. They are a buy
Most juniors are a cup without the handle Fib retracement. Maybe a smarter chartist can tell me what that means, but I agree it seems bullish.
For me, Stop losses at my 10% profit levels and buying the dips. What else can you do?
I'm not falling for FOMO this time. There will always be profit takers and retracements. It just depends on what your time frame is.
But things seem too hot to buy now. All time highs being put in for some junior uranium miners. Take profits and wait.
To think shares will never be this low again is folly.
Uranium mega-bull John Quakes @quakes99 is a must-follow on Twitter.
1954 Utah. Yummmm, delicious!
1954 Utah. Yummmm, delicious!
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It is always more fun to listen to someone who fuels your fantasies. It is likely more VALUABLE to listen to contrarian opinions.Uranium mega-bull John Quakes @quakes99 is a must-follow on Twitter.
1954 Utah. Yummmm, delicious!
I would imagine you would have considered both sides before taking a trade. Once committed it is best to just listen to the bull side. Taking profits prematurely is easy enough without questioning everything every day.
I've looked around a bit. The only opposition to uranium comes from radical environmentalists.
There really isn't an economic or investment opposition to uranium, other than in the short term,, some of these stocks have gone too far too fast.
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My highest gaining stocks ever are in uranium and they were picked on the research done by John Quakes.
He is no less than a global authority on uranium miners and the industry as a whole.
To belittle his credentials, and prefer the viewpoint of a “contrarian” is disrespectful and unwise.
If this is the case they need to stop firing people in their nuke dept.
finance.yahoo.com
Duke Energy CEO: Net-zero emissions can’t be achieved without nuclear power
As one of the country’s largest energy holding companies, Duke Energy (DUK) is on a mission to slash 2005 level carbon dioxide emissions in half by 2030, on the path to decarbonize its power supply by 2050.
I haven't watched this yet, but Lobo Tiggre knows his stuff.
Had some interesting things to say about the disconnect between Gold and Silver. Silver more along the lines of an industrial metal at this point but not bearish.
Corrections "usually" take more than one day. Could be a few days, a few weeks, there's really no way to judge in advance how large it will be.
JHMO there are two ways to play a bull market, try and trade in and out to capture the short-term swings, or buy and hold. Both approaches can be very profitable, it's just a question of which fits your personality, time available, etc. Me, I'm buy and hold. I bought DNN at 42 cents years ago, it hurt when it plunged to 25 cents, but I didn't hit the Sell button. Now, I've got more than a 4x bagger, still long term very bullish.
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Once DNN takes out $2 it's game on.
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Picked up a small amount at $1.65.
Have a larger bid in at $1.60
Lancers, when you jumping in the pond?
Weekly Bearish Engulfing on more than one. I don't know if we can get back to the recent lows of the past few weeks but I would feel more comfortable adding to positions if we can drop another 10-15%.
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I picked up some nice positions yesterday, so you can almost guarantee the price will drop further.
I’m a contrarian without any choice in the matter.
UROY and DNN got halfway back and stalled. UUUU looks like the safer play long term but others might run further on a % basis for the duration.
ABC down would work for me. UROY 4ish DNN 1.50ish UUUU high 6's.
ABC down would work for me. UROY 4ish DNN 1.50ish UUUU high 6's.