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Denison Mines Corp. (DNN)

NYSE American - NYSE American Verzögerter Preis. Währung in USD
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1,8400-0,0200 (-1,08%)
Börsenschluss: 4:00PM EDT
1,8400 0,00 (0,00%)
Vorbörslich: 08:42AM EDT
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  • N
    Napalm
    Kazatomprom Announces Investment in Physical Uranium Fund

    https://www.kazatomprom.kz/en/media/view/kazatomprom_obyavlyaet_ob_investirovanii_v_fond_fizicheskogo_urana

    This is big news!!

    If you want to front run this —> Sprott Physical Uranium Trust, Geiger Counter Ltd, URNM etf, HURA etf, ...

    $URNM $URA $CCJ $GLATF $DNN
  • N
    Napalm
    Here is my latest post on Reddit “How undervalued is the entire uranium sector at the moment?”

    https://www.reddit.com/r/UraniumSqueeze/comments/q7zgfr/how_undervalued_is_the_entire_uranium_sector_at/

    Are you positioned in a couple uranium company shares yet?

    You don’t need to register on Reddit to get access to that post. You can read it via google.

    Cheers

    $DNN $UUUU $URG $UEC $UEXCF
  • N
    Napalm
    Hi,

    I recommend to listen very carefully (and listen to it 2 or 3 times) to what Askar Batyrbayev is saying in this interview of October 6, 2021 (last half hour of this video)

    https://m.youtube.com/watch?v=63Hd9jyndkI

    1) Kazatomprom needs LT contracts to justify the increase of their production (= stopping their 20% production cut after 2023). It’s the same as what Tim Gitzel is saying about the restart of McArther River
    2) Kazatomprom will not sell uranium to the spotmarket!
    3) Kazatomprom confirms that much more utilities worldwide are sending RfP’s and tenders ... for LT contracts and much bigger volumes (for delivery between 2024-2030) that they haven’t seen this past decade!!!
    4) carrytraders are in trouble with their short term supply contracts because there is much less material available on the spotmarket;
    5) China is building a big warehouse at the boarder with Kazakhstan in China to store 23,000 Ton (that’s 60M lb!) of uranium by 2026!!! By 2026!!!
    6) by 2040 twice as much of electricity will be produced by nuclear power than it is in 2020;
    7) between 2021 and 2030 there is an uncovered demand of ~700 million lb globally (just as a way to compare: SPUT bought only 11,519,724 lb of uranium between August 17 and October 6, 2021; Cigar Lake produces 18M lb a year, Langer Heinrich could produce ~6M lb a year, Honeymooncould produce 2 to 3M lb a year, ...) —> 700M lb in 10y is a lot, knowing that the biggest part of those 700M lb are for the period 2025-2030!
    8) ...

    In fact he is confirming after the signs of TradeTech and the press release of Boss Energy a couple days ago, that the new multi-year wave of negotiations for the renewal of a lot of long term contracts (like in 2005-2007 and 2009-2012) HAS BEGUN! Slowly at first, but it will increase in intensity in 2022/2023!

    If you want a cheap entry point it’s now you have to buy uranium stocks, not in 2022!

    Cheers

    $DNN $UUUU $UEC $URG $NXE
    Paladin Energy, Global Atomic, Fission Uranium Corp, UEX Corp, Goviex Uranium,...
  • N
    Napalm
    Fyi. A lot of uranium spotbuying in the near future!

    SPUT bought 400,000lb on October 4, 2021, 100,000lb on October 5, 2021, 100,000lb on October 6, 2021, 400,000lb on October 7, 2021, 400,000lb on October 8, 2021 and 400,000lb on October 12, 2021.

    That’s 1,800,000lb in 6 days time (October 11 was Thanksgiving holiday in Canada). Compared with an estimated 2,000,000 lb monthly incoming uranium volume on average, 1,800,000 lb in 6 days time is huge!

    They still have 78 million USD cash on hand and ~700 million USD from their 1,300 million USD ATM left to deploy to buy more uranium in the spotmarket.

    Those 78 million USD on their own represent an additional 1,800,000 pounds at 43 USD/lb to buy in the coming days.

    Buy, hold and be patient.

    Cheers

    $UUUU $URG $DNN $UEC $FCUUF
  • N
    Napalm
    Fyi. After a slowdown from September 20 till October 1, where they only bought 900,000lb in 10 days time, it seems that SPUT is increasing their uranium purchase on the spotmarket again.

    They bought 400,000lb on October 4, 2021, 100,000lb on October 5, 2021, 100,000lb on October 6, 2021, 400,000lb on October 7, 2021 and 400,000lb on October 8, 2021.

    That’s 1,400,000lb in 5 days time. Compared with an estimated 2,000,000 lb monthly incoming uranium volume on average, 1,400,000 lb in 5 days time is huge!

    They still have ~790 million USD from their 1,300 million USD ATM to deploy to buy more uranium in the spotmarket.

    Cheers

    $UUUU $URG $URA $DNN $URNM
  • N
    Napalm
    Past week, like Quakes correctly stated:

    “The most significant event in the uranium sector in over 5 years” happend last week

    After the uranium spotprice increase from mid-August till now, making short term supply contracts all of a sudden 50% more expensive, long term price increased significantly from ~34 USD/lb in August to 40 USD/lb (UxC) - 45 USD/lb (TradeTech) in September!

    The mid-term uranium price also increased to 43.75 USD/lb!

    Investors (most are looking at gas and coal price increases at the moment) still need to digest that bullish event!

    And the high season in the uranium sector (October - March) has just started!

    Take advantage of those cheap share prices to start a position or to add a bit more to uranium companies you like!

    Cheers

    $UUUU $FCUUF $URG $UEC $DNN
  • N
    Napalm
    https://twitter.com/brunolemaire/status/1445032885724106757?s=21

    The shift back to embracing nuclear power again on the last continent that hold it back the longest, Europe, has started!

    You are going to answer to me: “Well, those new reactors will be in place 7 to 14y from now”

    That’s true, BUT!!

    Going from utilities with no perspective to continue their activity in the future to a situation where utilities have a perspective of prolonged nuclear power activity is huge!

    Why?

    Here is my answer: https://www.reddit.com/r/UraniumSqueeze/comments/mbbdbf/some_of_the_latest_signes_of_operational_licence/

    Buy, hold and be patient! You will be well rewarded.

    Cheers

    $URG $UUUU $DNN $UEC $PALAF
  • N
    Napalm
    It’s funny, because during this temporary decreasing uranium price with a couple % after a 70% rise of the price in 5 weeks time, short term investors without DD on the matter think that the uranium price rise is over :)

    1. But in fact each end of the month (Monday, September, 27, 2021) Nuclear fuel price reporter UxC set Month-end Uranium Spot Price used by market-referenced contracts to set invoice price on deliveries. To reduce costs, traders often try to walk-down Spot price in a "month-end smash".
    2. SPUT has still ~850 million USD of their ATM to buy additional uranium, while the high season in the uranium sector has yet to begin (October -March)
    3. Those temporary spotprice decreases push tend to push the NAV of SPUT under the share price of SPUT ==> they only need a 1% premium over NAV to activate their ATM to buy additional U3O8 or UF6 in the spotmarket.

    I suggest to take advantage of this temporary price decrease to buy uranium company shares

    $DNN $UUUU $URG $UEC $NXE
  • N
    Napalm
    Boys and Girls,

    We just got a second confirmation that the SPUT move on the spotmarket has an important impact on the LT market!

    First confirmation: The LT uranium price just experienced the biggest price increase in more than 5 years, and still the LT price is only at 42.50 $/lb (40 (UxC) and 45 (TradeTech)). A lot of future upside to reach a LT price of 60+ $/lb (other analists estimate a needed LT price of 65 - 75 $/lb).

    Second confirmation (October 6, 2021): Boss Energy just announced they got 3 RFP’s from utilities from 3 different countries for future LT contracts!!

    It’s happening.

    Buy, hold and be patient.

    Cheers

    $FCUUF $GLATF $NXE $UEC $DNN
  • N
    Napalm
    Hi everyone,

    This very good summary on twitter from Kevin Bambrough is a must read! (See next post)

    For the people not knowing Kevin Bambrough. He is the ex-Sprott guy that said to the Cameco CEO in “2004” that the uranium price would go significantly higher, a year later in May 2005 he created Uranium Participation and 2 years later the uranium price peaked above 134 USD/lb.

    Cheers

    $UUUU $UEC $DNN $URG $NXE
  • N
    Napalm
    Due to SEC rules on OTC listings, US retail investors temporarily can’t buy SRUUF anymore.

    But non-US retail investors and US retail investors with access to the canadian stock exchange still can buy SPUT through their listing on the TSX.

    Another approach for those US retail investors that wanted to invest in SPUT but can’t anymore, could be:
    - step1: you buy URNM instead of SRUUF
    - the coming months URNM gives you an average leverage on the performance of SPUT (SRUUF or U-UN.TO)
    - step 2: once US retail investors are allowed to invest in SRUUF again, you choose between keeping your URNM position or selling your URNM position to buy SRUUF with it.

    Cheers

    $URNM $CCJ $DNN $URG $UUUU
  • N
    Napalm
    Hi everyone,

    I just added to my Sprott Physical Uranium Trust position in CAD today. A bargain at these prices!

    Fyi. The uranium spotprice is going back up today.

    Yesterday SPUT bought an additional 500,000 pounds of uranium in the spotmarket.

    Cheers

    $URNM $CCJ $DNN $UUUU $FCUUF
  • N
    Napalm
    The first signes of carry traders getting into trouble! --> Now we know that there isn't enough uranium available through the spotmarket!

    Hi everyone,

    Do you remember that Denison Mines bought 2.500.000 pounds of uranium in March 2021?

    Ok, now listen good at what David Cates, CEO of Denison mines, is saying now (today)!!

    https://www.bnnbloomberg.ca/commodities/video/surge-in-uranium-sprott-price-isn-t-artificial-denison-mines-ceo~2281186

    quote1: "What's very interesting lately, is the interest that our physical uranium has been getting from the uranium market"

    quote2: "And some of those folks in the industry are trying to get us liberate those pounds because they are having a hard time getting pounds. But that's not our strategy."

    Those "folks" are trying to get the pounds from Denison Mines to have pounds to meet their own commitments, because they are have difficulties to get uranium from the conventional sources in the market.

    "To meet their own commitments"

    Boys and girls, the only industry participants that have commitments towards utilities and that need to buy from the spotmarket to meet those commitments at the moment are Cameco (only partially) and carry traders (100% of their uranium)!!

    The squeeze in the uranium spotmarket is on!

    Utilities, Welcome to the negotiation table with the few remaining uranium producers (producers: Cameco, Kazatomprom, Paladin Energy, Energy Fuels, ...) and the few well advanced uranium developers (Global Atomic, Denison mines,...)

    Buy uranium stocks, if you didn't already. Don't try to get in at a cheaper price (imo), because Sprott Physical Uranium Trust activated their additional 1billion USD of their ATM yesterday!

    Buying now, doesn't mean you can't be more selective in your purchases. There are uranium companies (producers, developers and explorers) that are cheaper than their peers. And even the more expensive once today will continu to go higher from the stock prices today (imo).

    A good alternative if you don't know which onces to pick, is an investment in URNM etf.

    In my opinion of course.

    Cheers

    $UUUU $DNN $URNM $GLATF $URG
  • N
    Napalm
    Yesterday, the uranium spotprice went up from 44.90 USD/lb to 48.55 USD/lb, that’s a hugh jump in the price.

    Yet, Sprott only bought 100,000 lb of uranium through the spotmarket yesterday!!

    ==> Someone else has been buying at those uranium prices yesterday. First panic purchase? Or did another company (like URC, Cameco, hedge fund, family office,...) buy uranium at these prices yesterday?

    In the meantime we are getting the first signs of panic/troubles among carry traders/fuel buyers:
    - participants asking (begging) Denison mines to release their 2,500,000 pounds
    - the price of UF6 is also increasing fast, yet SPUT didn’t buy UF6 yet —> fuel buyers are buying higher in the fuel cycle ;-) But there is a limite to that! And maybe the first signs of decreasing underfeeding due to faster production of EUP.

    The squeeze is on!!

    Once there will be not enough uranium in the spotmarket anymore, SPUT will start to buy UF6 ;-)

    Cheers

    $UUUU $URG $DNN $NXE $UEC , Global Atomic, Fission Uranium, Paladin Energy, ...
  • N
    Napalm
    Hi everyone,

    Post of 2days ago:

    3 important comments:

    1) The last 2days I have read the same incorrect comparison in several financial newspapers.

    They keep saying that “Sprott Physical Uranium Trust has bought 24M pounds compared with a total volume in the spotmarket of 92M pounds in 2020”.

    Well, there are 2 incorrect assumptions in this sentence!

    First. Sprott Physical Uranium Trust (SPUT) only bought 6,379,554 pounds of uranium since the launch of SPUT on July 19th, 2021 : 200,000 pounds before the launch of their first ATM and 6,179,554 pounds since the launch of their first ATM. The remaining 18,094,658 pounds SPUT has, were bought by Uranium Participation between their IPO in 2005 and July 18th, 2021. So those 18,094,658 pounds DIDN’T HAVE AN IMPACT ON THE SPOTMARKET the last 3.5 weeks, because those pounds were bought in the spotmarkt well before the start of SPUT.

    Second. It’s true that the total volume of U3O8 transactions in the spotmarket in 2020 amounted to 92M and 63.3M pounds in 2019.

    BUT those are NOT the REAL annual amounts of U3O8 that supply consumption through the spotmarket!

    Only a small fraction of the total annual transaction volume of U3O8 through the spot market were and still are transactions WITH PHYSICAL DELIVERY FOR CONSUMPTION.

    The main part of those transactions are back and forth transactions between a couple financial players WITHOUT PHYSICAL DELIVERY FOR CONSUMPTION.

    So the main part of the annual total volume of U3O8 transaction is the result of many back an forth transactions of the SAME couple of 100,000 pounds U3O8, blowing the annual transaction volume of U3O8 up!

    So the real total volume of U3O8 delivery through the spotmarket and LEAVING the spotmarket for good is much smaller than the total annual transaction volume of U3O8 through the spotmarket!

    Many analists estimate that the annual amount of pounds of U3O8 that supply REAL CONSUMPTION by utilities (directly or indirectly (Cameco buying to sell to their customers)) through the spotmarket in 2019, 2020 was around 20 million pounds annually.

    Conclusion is that investors need to compare 6,379,554 pounds of uranium bought by SPUT until yesterday (2days ago) compared with those approximately 20M pounds of U3O8 entering the spotmarket annually, not 92M pounds!!

    That’s the reason why SPUT has such a big impact on the spotmarket now, because they are not doing back and forth transactions with the same pounds of U3O8. They are buying those pounds to take them out of the market DEFINITELY! And by consequence, that’s the reason why it was so easy for uranium bulls and hedge funds to drive the uranium spotprice higher until 40 USD/lb and why it will be easy to drive the uranium spotprice much much higher than 40 USD/lb in the future.

    And it’s much more easy than the silversqueeze, because you don’t have “uranium on paper” like you have “silver on paper” in the silver market!

    Note: SPUT is NOT going to sell U3O8 in the coming months and years, because they need to become bigger to increase their liquidity. That liquidity is important to be more attractive for certain funds etc.

    So rest assured, SPUT needs to increase their U3O8 and UF6 reserves considerably! SPUT will need to buy much more than those 6M pounds U3O8 bought until now to achieve that.

    $DNN $UUUU $GLATF $FCUUF $URNM
  • N
    Napalm
    Here is my latest post on Reddit with Kazatomprom confirming that SPUT is depleting the supply through the spotmarket and could start the squeeze on the LT supply market directly (and the UF6 market)!

    https://www.reddit.com/r/UraniumSqueeze/comments/pqk2a4/spotmarket_with_sput_next_cornering_the_global_lt/

    Are you positioned in a couple uranium company shares yet?

    You don’t need to register on Reddit to get access to that post. You can read it via google.

    Cheers

    $URNM $URA $PALAF $GLATF $DNN , Boss Resources, Vimy Resources, Bannerman Resources, Forsys Metals, Elevate Uranium,...
  • N
    Napalm
    Fyi. The uranium spotprice continues to climb higher fast!

    The uranium spot price has hit 47USD/lb today!!

    ==> The uranium spotprice will continu to increase in the coming days and weeks.

    And in the meantime Governor Prtizker from Illinois just signed the new CleanEnergy legislation that saves the state's 6 reactors at 3 Nuclear stations from early closure so they can continue generating CarbonFree electricity (and consuming uranium) for many years to come.

    Buy and hold! Patience, and you will be rewarded with multi-bagger gains.

    Cheers

    $UUUU $URG $PALAF $DNN $FCUUF , Global Atomic, Forsys Metals,...
  • N
    Napalm
    Fyi. The uranium spotprice continues to climb higher.

    Now spot uranium 4325/4425 USc/Lb U3O8 (Delivery at Cameco , Chg +125c, +2.86%)

    And in the meantime, Sprott Physical Uranium Trust has a share price of 17.75 CAD/share (14,00 USD/share) ==> By consequence SPUT has an open bid in the spotmarket of ~54.50 USD/lb

    ==> The uranium spotprice will continu to increase in the coming days and weeks.

    Buy and hold! Patience, and you will be rewarded with multi-bagger gains.

    Cheers

    $DNN $URG $UUUU $FCU.TO $GLO.TO
    Forsys Metals, UEX Corp, Paladin Energy, VIMY Resources, Elevate Uranium, Standard Uranium, Purepoint Uranium,...
  • G
    Ghada
    Waiting for $CCJ to acquire $DNN 500-1000%
  • N
    Napalm
    Well, that didn’t take long!

    The ATM on the TSX listing went operational yesterday and they already raised a small amount with it to buy 100,000lb U3O8 for short term delivery. And it impacted the uranium spotmarket instantly. The spotprice went higher with that small purchase after a price decline based on back and forth transactions of the same pounds.

    That’s how small the physical available uranium in the spotmarket is for physical delivery that LEAVES the spotmarket after the transaction!!

    “LEAVES” meaning “not available anymore for back and forth transactions of the same pounds!

    SPUT will change the dynamic in the spotmarket drastically!

    Cheers

    $DNN $UUUU $URG $PALAF $FCUUF