🔴 Wait...What? Is Cameco Trying To Kill The Uranium Spot Price?? 🤯 | Terry Papineau #video
Summary
TLDR在这段对话中,讨论了铀矿产业的当前状况和未来的投资前景。提到了铀矿公司在商品周期中的表现,特别是勘探公司和知名开发商之间的差异。讨论了俄罗斯暂停协议对市场的影响,以及拜登可能签署该协议的预期。还提到了铀价的波动,以及铀价上涨对不同公司股价的影响。强调了对铀矿产业长期的乐观态度,尤其是考虑到新的核电站建设和数据中心对电力需求的增加。最后,为新投资者提供了一些建议,包括进行充分的尽职调查,关注公司的管理和项目,以及考虑不同的投资工具来分散风险。
Takeaways
- 📈 **铀价波动**:铀价格在2023年第四季度至2024年初经历了显著上涨,达到每磅16美元,随后迅速回落至84美元,这种剧烈波动是铀市场的典型特征。
- 🚀 **俄罗斯铀禁令**:俄罗斯铀出口禁令的通过和预期的美国签署,为铀市场带来了不确定性的消除,预计将推动铀价上涨。
- 💰 **资金流入**:随着市场对铀行业的关注增加,资金开始流入该行业,尤其是那些能够在美国快速生产的公司,如能源燃料公司和铀能源公司。
- 🔍 **勘探公司的价值**:尽管勘探公司的股价滞后于铀价,但当市场对铀行业的兴趣增加时,这些公司的股价有望显著提升。
- 🇺🇸 **美国生产商的机遇**:随着俄罗斯铀供应的不确定性,美国和西方友好国家的铀生产商可能会获得更多的合同和市场份额。
- 📊 **铀需求增长**:数据中心和人工智能中心的兴起预计将大幅增加对电力的需求,从而推动铀作为核电燃料的需求。
- 📚 **尽职调查**:对于新进入铀市场的投资者,建议进行彻底的研究和尽职调查,以了解市场的波动性和相关公司的情况。
- 🌐 **信息资源**:现在有更多的信息资源和投资工具,如铀信托基金、铀矿业基金和专门的YouTube频道,可以帮助投资者更好地了解和投资铀市场。
- 🔗 **管理团队的重要性**:投资者应关注铀矿公司的管理团队,他们的历史表现和项目执行能力,以及公司是否按承诺使用资金进行勘探。
- 📝 **透明度和信誉**:投资者应评估公司是否透明运作,以及它们是否履行了对投资者的承诺,这包括资金的流向和项目进展。
- ⏳ **长期视角**:铀市场的投资需要耐心和长期视角,短期内可能会有波动,但长期趋势看好,尤其是考虑到全球对清洁能源的需求。
Q & A
为什么在商品周期中,勘探公司的股价通常会落后于大型矿业公司?
-在商品周期中,较大的资金流入该领域时,投资者通常只能投资于市值达到一定规模的公司,即所谓的蓝筹股或知名开发商。因此,这些知名公司的股票会首先上涨,这是商品周期中的一种正常现象。
俄罗斯暂停协议对铀市场有什么影响?
-俄罗斯暂停协议一旦通过,市场预期美国公用事业将无法从俄罗斯或俄罗斯友好国家获得材料,这增加了市场的不确定性。然而,随着俄罗斯材料的禁令生效,这种不确定性被消除,市场变得更加清晰,预计公用事业将开始进入合同周期,这可能会推动铀价上涨。
铀价在2023年第四季度至2024年初的表现如何?
-在2023年第四季度至2024年初,铀价经历了显著的上涨,一度达到每磅16美元的高点,但随后迅速回落至每磅84美元。这种剧烈的价格波动给市场带来了不确定性。
如果发生核事故,会对铀市场产生什么影响?
-如果发生核事故,可能会在短期内对铀市场产生负面影响,导致市场暂时下滑。然而,考虑到当前能源短缺的环境,市场可能会比福岛事故后更快地反弹。
铀价上涨是否已经在市场价格中体现?
-铀价上涨已经在市场价格中有所体现,因为一旦俄罗斯禁令的消息传出,铀价和相关股票价格都有所上涨。然而,随着更多资金流入该领域,预计铀价可能会继续上涨。
哪些类型的公司会从俄罗斯禁令中受益最大?
-能够在美国快速生产的公司,如能源燃料公司和美国铀业公司等,会从俄罗斯禁令中受益最大。因为投资者意识到公用事业现在需要与美国生产商和西方友好的开发商签订更多合同。
在铀市场投资时,应关注哪些因素?
-投资者应该关注公司的管理团队、项目、资产、历史表现以及公司是否按照承诺使用筹集的资金进行勘探。此外,了解公司的运营是否与他们声称的一致,以及他们是否能够按时完成勘探活动也非常重要。
对于新进入铀市场的投资者,您有什么建议?
-新投资者应该做好充分的尽职调查,研究市场,并利用现有的丰富信息资源。同时,考虑到市场的波动性,投资者需要有耐心,并对自己的投资决策保持信心。
目前是否是投资大型铀矿公司股票的好时机?
-鉴于铀价预计将继续上涨,大型铀矿公司的股票可能会随之上涨。然而,勘探公司的股价可能会因为缺乏新闻和市场兴趣而落后。投资者应考虑市场的整体情况和自己的风险承受能力。
您如何评估您投资组合中的公司?
-我会评估公司的管理、项目、资产、历史表现,并且特别关注公司是否按照承诺使用筹集的资金进行勘探活动。
您如何保持对铀市场的最新了解?
-我通过参加行业会议、与公司高管交流、阅读行业报告和新闻稿,以及关注YouTube上的行业频道来保持对铀市场的最新了解。
您在铀市场投资中的最大赢家和输家是什么?
-我的最大赢家是ISO能源,我从40美分左右开始买入,股价一度达到了15倍的回报。而我的投资组合中表现最差的公司价格基本保持不变,我买入时大约是5美分,现在也差不多是这个价格。
您认为铀市场的前景如何?
-我对铀市场的前景非常看好,认为铀价将继续上涨,而且这个牛市可能会比我最初预期的更长、更深。
Outlines
📈 铀资源行业周期与市场动态
第一段主要讨论了铀资源行业的周期性,以及投资者对于不同市值公司的投资偏好。提到了在资源行业周期中,资金首先流向市值较大、更为知名的公司,即所谓的蓝筹股。同时,也提到了勘探公司在市场中的表现,以及市场对勘探公司消息的期待。此外,还讨论了俄罗斯暂停协议对铀市场的影响,以及市场对拜登签署该协议的反应。强调了市场不确定性的减少将促使公用事业进入合同签订周期,预计铀价会有所上涨。
🚧 铀资源供需与市场准入
第二段讨论了铀资源的供需状况,指出未来几年需要大量增加产量,许多矿山尚未获得许可或建成。讨论了铀价的波动性,以及市场对俄罗斯铀禁令的反应。还提到了铀资源投资信托基金(Sprat)的交易情况,以及其对市场的影响。最后,探讨了不同类型的公司如何从市场新闻中受益,特别是那些能够快速在美国生产的公司。
💬 行业会议与市场信息
第三段涉及了行业会议和电话会议的信息,讨论了市场参与者如何通过这些会议获取行业动态。提到了Camoo公司的电话会议,以及公司管理层对于合同签订量的回应。分析了大型生产商可能对市场价格的影响,以及他们可能采取的策略来避免在市场价格高时购买铀。
🔍 市场分析与投资者视角
第四段中,讨论了市场分析和投资者的视角。提到了市场在过去几年中的起伏,以及新的信息和发展趋势如何改变了投资者对铀市场的看法。特别提到了人工智能和数据中心对电力需求的增长,以及这可能对铀需求产生的影响。
📊 铀价波动与投资策略
第五段探讨了铀价的波动性以及这对矿业公司股价的影响。讨论了不同类型公司的表现,包括大型矿业公司和勘探公司。提到了投资者在不同市场周期中应该如何调整他们的投资策略,以及市场对铀价上涨的预期。
💼 投资组合管理与个人投资经历
第六段中,讨论了个人投资组合的管理,包括投资于勘探公司、过去的生产商和开发公司。分享了个人投资经历,包括最大的赢家和输家。此外,还提供了对新铀投资者的建议,强调了进行自我研究和尽职调查的重要性,并提到了多种投资工具和资源。
🔗 信息资源与行业参与
第七段讨论了如何通过各种资源,如YouTube频道、行业会议和公司网站,来研究和保持对铀行业的了解。强调了与公司管理层的直接沟通的重要性,以及评估公司是否按照其声明使用资金进行勘探。还推荐了特定的新闻通讯和YouTube频道,作为获取行业信息的资源。
✅ 结语与社交媒体互动
第八段是视频的结语部分,主持人感谢嘉宾的参与,并鼓励观众对内容进行点赞、评论和订阅。同时,提供了嘉宾的社交媒体链接,以便观众可以进一步交流。
Mindmap
Keywords
💡铀矿勘探公司
💡商品周期
💡市值
💡铀价波动
💡俄罗斯暂停协议
💡市场不确定性
💡铀市场投资
💡小型模块化反应堆(SMR)
💡铀资源短缺
💡投资者耐心
💡铀市场供需
Highlights
勘探公司在商品周期中落后于其他公司是正常现象,大型投资者倾向于投资市值较大、知名度较高的公司。
俄罗斯暂停协议的通过对铀市场产生了显著影响,市场对此反应积极。
市场对于铀价的波动性很大,价格从2023年的低点迅速上升至每磅16美元,随后又大幅回落。
随着市场不确定性的减少,美国公用事业公司预计将开始进入合同签订周期。
铀价的上涨可能尚未完全反映在股票价格中,预计随着资金流入,铀价将继续上升。
能够在美国快速生产的公司,如能源燃料公司和铀能源公司,股价对俄罗斯禁令的反应非常积极。
在铀市场,大型生产商如Cameco和Kazatomprom需要从外部获取材料,这可能会影响他们的利润。
铀市场经历了多年的起伏,但当前的市场情况和新的信息使得投资者对铀市场的前景更加乐观。
新的信息和承诺,如30个国家计划到2050年将核电容量增加三倍,增强了铀市场的投资论点。
人工智能中心和数据中心的电力需求预计将在四年内翻一番,这将增加对铀的需求。
尽管铀价上涨,矿业股票并未与之同步上涨,但某些中型和小型企业的股票表现良好。
对于新进入铀市场的投资者,建议他们进行深入研究,了解市场,并关注管理、项目和公司历史。
投资者应该关注公司是否按照承诺使用筹集的资金进行勘探活动。
市场上有多种投资工具,包括实物铀信托、版税公司和共同基金,可以分散风险。
铀市场的波动性很高,投资者需要有耐心,并准备好应对市场的起伏。
即使市场短期内下跌,长期来看,铀市场的需求和价格预计将继续增长。
对于新投资者,了解和跟踪铀市场的各种信息来源,如YouTube频道和行业会议,是非常重要的。
Transcripts
the Explorers have really
lagged uh and and some of them
drastically dramatically and which which
is kind of normal in in in these
commodity Cycles uh you know the bigger
money that comes into the sector uh you
know they can only invest in certain uh
in companies that have a certain market
cap they'll invest in you know the the
companies that that are better known the
Blue Chips the better developers that
kind of thing so to see those names move
move first I think is normal in in the
commodity
cycle and I also understand that with
regards to the the the Explorers like
you know people are like waiting for
news on the Explorers these the better
names are out there drilling they're
trying to find something and some of
these companies that these explorers
that have found something have been
rewarded like
that hey guys Terry Poppin who's back on
the show Terry what is your latest take
on the uranium Market at the
moment well uh I mean what what a what a
what a ride basically um I think that uh
the announcement that we received this
week uh of the Russian where you know
the the Senate actually ratified the
Russian suspension agreement um we're
waiting for Biden to to sign it uh the
the next morning after it was announced
the markets ran the the uranium names
went up uh significantly quite a bit
Yeah and then uh and then they sold off
at the end of the day uh yesterday was a
good day uh today was another good day
in the markets but um I mean the the the
the different uh impediments to to
seeing this sector really take off or
just falling one by one and what I mean
by that is for those that have been in
the trade long enough to remember like
the section
32 um uh Russian suspension agreement um
you know a few years back uh where the
you know there was a lot of uncertainty
related to you know can the US utilities
uh obtain uh material from Russia or
Russia friendly countries and that puts
some un uncertainty in the markets and
then we had you know Russia invaded
Ukraine and then conflict with Israel
and Palestine and then Iran getting
involved and and now where there you
know the Russian uh material the Russian
ban is is in effect um you know all of
the pieces that were kind of creating
uncertainty in the market have been
taken away uh and I think that now now
that there's Clarity uh I think that the
utilities that were waiting on that
Clarity will now begin to um to enter
into that Contracting cycle that that we
saw a bit of last year uh but I think
that now we're going to see quite a bit
more of it because they have clarity now
and you know with all that uncertainty
and those events that I've been
describing uh the uh you know there's
been a lot of volatility and uh we saw
volatility this this just this week and
uh you know we saw a a very impressive
runup in the price of uranium uh in 2023
especially in the last quarter of
2023 uh that continued in the first
month of 2024 where the price of uranium
uh reached
$16 a pound uh the spot price of uranium
and then it it fell back down fairly
dramatically to about $84 a pound very
very
quickly and typical uranium what's that
said typical uranium yeah and so that
left every body just scratching their
heads go what's going on here finally
we're we're seeing you know the the the
price of uranium do what what everyone
was expecting it to do and then it gets
just gets shot down quite dramatically
and and very quickly in the space of a
day or two and that just threw a cold
shower on on the sector again so it's
been uh for me anyways I've been in this
this uh sector since since 2017 it's
been quite a a roller coaster ride um of
volatility and but but my take on the
sector is it it's basically the same
thing I've been saying and people are
going to be tired of hearing me say it
but it's just the the spring is now I
think coiled to its Max um the there's
kind of an urgency now in terms of
really
determining uh how are the Western uh
friendly utilities going to Source their
uranium fuel for the years to come
there's a large deficit as we know uh if
in the years to come uh you know there's
there's a lot of production that needs
to come online there's mines that aren't
even permitted aren't even built yet
that are needed by 2030 that that are
not there so I think that uh we're going
to see finally um you know barring
another maybe financial event or or uh
accident uh I think finally we're going
to see more more money now really uh
coming uh starting to enter the
sector yeah I mean people often site the
accident the nuclear accident thing and
I let me know if you're kind of of this
belief as well but the way I see it is
that even if an accident does occur you
know you might see somewhat of a of a
short-term to midterm bare Market in the
uranium Market but I think we rebound a
lot faster than we with Fukushima given
the
necessity of energy in this energy
shortage environment that we
have it ABS well it's going to depend on
what like let let me rephrase that it
would uh it depends on what uh what what
we're talking about you know if it's if
it's uh like a minor event at one
facility um which we saw a few years ago
in China there was talk about in the sum
about you know radiation leak and all
that kind of stuff then you know it's
going to be it's going to be very
temporary and very minor uh if it's a
major event and my my biggest I think uh
bare case scenario is if if uh if if
there was a a a major um flaw with the
you know the chines design uh that
they're building um you know there's a
lot of units that are built if they find
a major flaw in that design and they
have to put that build out on on pause
or on Old I think that would have a
major effect on the sector gotcha uh so
you mentioned the uranium Russian
uranium ban uh coming up that's passing
the Senate it's looking to get signed by
Biden sometime next week now H we did
see some movement in the uranium space
as well has
the has this kind of already been priced
in now whether or not Biden sign which
you most likely will um but has has the
move already been priced in at this very
moment do you think or do you think that
we we still have more upside to come
because of this
ban uh well I I think that we we saw the
the spot price of uranium jump jump up
right away and we also saw uh money come
into the sector um right away and I
think the the uh one of the major
players uh related to this is the Sprat
physical uranium trust and so where
we're spit let's call it spit spit for
the past two years let's let's say since
2022
2023 has been trading at a discount to
nav like almost 90 95% of the time which
means that it can't ra it can't activate
the at the market uh that they have and
raise issue new shares raise money and
that's been an impediment to them like
it's been holding the the fund back in a
sense because when you know they can't
be raising money and they're not buying
uranium so that kind of is putting like
a pause on the on this on the purchase
of uranium on the spot Market by
sput since uh let's say the end of uh Q4
2023 and in q1 2024 it's been trading
closer to nav uh which means that on on
on certain days it's able to activate
the
ATM taking money and then it turns
around and buys Uranium on the spot
Market which we've seen them do in the
past two years we've seen them uh you
know not two years excuse me two weeks
we've seen them purchase uh uranium 100b
100,000 lb here 100,000 lb there and
when they are close to now and and when
they enter into a premium Tav I've
noticed that what happens is the sellers
people that have uranium they'll
actually kind of anticipate the fact
that you you know spot split's going to
come into the market and they raise
their ask price so you know I think
that uh because more money is coming
into spit uh because this band now we
know we have Clarity on that more money
is coming into the sector so I think
that the price may have some people may
have baked the price that into the price
but I I think that money is going to
continue coming into the sector and I
think that as Things become even clearer
I think that the price of uranium will
continue to rise so I think it has a
little bit a little ways to go still
yeah so what type of companies benefit
most out of this type of
news Well we we've seen uh let's say
this week for example we've seen with
this Russian ban we've seen any company
that could produce uh fairly quickly in
the US we've seen their their share
prices respond very very
well on energy ueec Energy Fuels urg you
know other names uh similar H have
responded very well because now I I I
imagine that uh the generalist investor
or people that are coming into the
sector realize now that um you know
utilities will need to sign more
contracts now uh with uh us producers
and US developers and Western
friendly uh developers and producers so
we've also seen the cicos the paladins
the uh you know the Bannerman you know
uh different names of that nature uh do
well since since the Russian ban has
been passed yes speaking of camoo camoo
had their big q1 uh call earlier this
week uh yesterday actually at the time
of this recording what were some of the
big takeaways that you saw from that
call yeah it was actually Tuesday a
couple two days ago uh well big takeaway
I I've found
and what I what I've noticed is that I
I've been listening to their quarter Le
conference calls and I've actually
called in a couple times and asked some
questions but I've noticed that the tone
of their calls has changed clearly I'm
not going to use the word dramatically
but clearly there's been a clear
change in in in their conference call
since Q4 of
2023 when the price of uranium went up
quite a bit and then when it hit $106 so
when when they did their Q their their Q
four 2023 conference call in February of
2024 and and the last one that they just
had on
Tuesday now all of a sudden someone
asked uh Grant Isaac the question
directly go can you give us color on the
Contracting volumes and Grant Isaac
responded oh we've moved away from
talking about that uh you know we you
know we know what the Contracting Market
looks like we don't need to comment
something to that effect and to to me I
I just find that you know that
they've been purposefully vague and I
find that they're to me it almost sounds
like they're trying to or it feels like
they're trying to throw a cold shower on
the market you know not reveal their
their their their hand their show their
cards too much because you know let
let's let's remember that uh you know
they're they're oversold so they need to
Source
material outside of what they can
produce they have various ways of doing
that they could you know ways that I
don't know of but and and not only is
chical in that situation katam prom is
also in a situation where they might
they'll need to Source material probably
out outside of their production so the
two largest producers in the world you
know need to obtain material somehow and
arano is in the same situation uh so the
three largest producers need to Source
material where are they going to get it
well one of the ways one of the places
where they can get the material is in
the spot market and I you know I don't
think it's a it's a conspiracy theory
here but I believe that they're kind of
purposefully trying to subdue this
because the the more they pay for for
the uranium that they need to purchase
if they do purchase your material then
the less money they'll be making uh they
could actually be losing money on the
pounds that that they need to purchase
right because they may have contracted
that material selling it at let's say a
realized price of $60 and if if they
need to be paying if if they're
paying you know $85 or $100 in the
market uh for that material that then
they're losing money so it's like uh
some people have described it as John
chaga has used the term it's kind of
like there's a buyer strike and that's
that's kind of my my what I'm taking
away from from the the conference
confence call is the is the actual tone
um you know there there's been other
conference calls in the past Mo
especially in 20122 when they announced
that they were restarting MacArthur
River uh and other conference calls when
they've been really saying you know we
we've never seen this level of
Contracting before this interest this
blah and now it's like they're really
that's the sense that I'm getting
they're trying to kind of tone it down a
little bit and to me it's like they're
throwing a cold shower on the SE
yeah I mean it sounds like their
incentives actually fall in place to
like you said through a cold shower on
the sector because they are also buyers
of uranium as well so yeah makes sense
there we've had a lot of ups and downs
in this market over the course of you
know in your case eight years now since
2016 is where we are now does does that
has that kind of met your expectations
exceeded your expectations or kind of
lived below your expectations
considering when you got in you know
when you got in back in 2016 did you
really first see yourself holding on to
these uranium equities up until now and
if so like are these kind of the gains
that you were envisioning or or not or
has the thesis changed in such a way
that you're even more bullish than you
were back then yeah no it has not
unfolded um to my expectations in the
sense that uh when I first got in I I
used to to tell people I think it's
going to be a three to five year play uh
so I was hoping to get the you know the
the the the payout uh in in that time
frame so in that sense no it has not uh
met my expectations but on the other
hand uh for the second part of your
question yes I'm I'm even more bullish
now than I've ever been you know it's
it's really taught me to be patient and
I you know and I think of a lot of the
guru invest lessons where where they
take about the hardest thing to do is
just to do nothing and all those cat
nice catchy investor phrases and all
that kind of you know find something
where you're convinced and and and you
just hold on and you know the markets
are a way of transferring wealth from
the impatient to the patient all those
things really come to mind when when I'm
thinking of my uranium Investments
here but uh so in terms of the time
frame it you know no it hasn't the
expectations but in ter in terms of the
the the the underlying
thesis I think that it's it's a it's
going to be a a better bull market than
than what I thought and I think it's
going to last way longer than what I
initially envisioned and I think it's
going to be deeper and it it's just
gotten way way way way better and and i'
I've spoken about this often like the
first three years like there was no
information
none it was you know it was John Quakes
Trader Ferg Justin Hune myself uh there
was a group called follow the money
investor group that started doing some
videos at one point in time there there
you know there there
were it's you know just a few group just
a few groups of people that were
involved and doing research and stuff
like that and there was no talk about
you know you were hearing word about
small modular reactors really knowing
what that was going to
mean uh you know there was no commitment
by you know like 30 Nations to Triple
their nuclear capacity by
2050 uh none of that like you know
there's so many things that have
developed uh to to improve the thesis in
that period of time it's it's just
mindboggling and um I I don't pretend to
think that all of what is being said is
going to occur but if just a certain
amount of it or percentage of it uh is
true like for example in the past two
weeks like it's like the big story now
is these um AI centers artificial
intelligence centers and these data
centers that are that are going to be
consuming huge amounts of electricity
you weren't hearing anything about that
in 2016 2017 even up to 2022 23 you know
that just started coming out in the past
uh let's call it six months yeah I this
is what you have here this is from the
camoo conference call so they had this
slide up and they're basically comparing
the electricity demand between 2022 and
2026 with regards to these data centers
so you've got the traditional data
centers here in green the
cryptocurrencies here in blue and then
in light blue you have the AI data
centers and you know the upshot of it is
that within four years time you can
expect to almost double the demand from
these data centers from 20222 to 2026 so
in in a in in a situation where the grid
the amount of electricity that we can
generate is already pretty maxed
out so you know to have Amazon you know
buying a data center that's tied to to a
nuclear plant and to have to have Mark
Zuckerberg come out and say you know
basically you know this is what's going
to be happening in the future and the
real the what the best thing that we
could do here is tie these data centers
to small modular reactors where it's 247
you know and then now thinking taking
that that idea out even further where
you know they'll be they'll be financing
these small modular reactors and being
able to maybe work with government to
obtain subsidies and be able to you know
provide further electricity to meet you
know the general demand it's it's just
get getting better and better and better
so and that's going to mean even more
demand for for Uranium than what the
previous models uh showed so you know
it's uh in that sense I think that it's
going to exceed my expectations gotcha
gotcha uh one source of angst in the
uranium investing Community are the
mining Equity is not keeping up with the
spot spot price itself I mean this is a
long-standing
complaint but you did see cico you did
see NextGen keep up with the metal and
even exceed it in in those cases my
question to you is right now this very
moment in time is it still in your
opinion not Financial advice but is it
still the time to invest in these bigger
cap names or is it possibly time to move
down the risk curve and allocate money
towards the medium small cap
companies well um that's that's a very
good question and I'm not sure that I I
I have the exact answer but I can give
you my thought process around it and the
way I see it is you know like you said
the equities seem are somewhat tied to
the price of the metal itself and in any
other commodity usually when the price
of the commodity goes up the equities in
that sector go up uh as well and
sometimes exponentially more um so
especially when you're looking at some
of the de um explorers and high-risk
developers where you know they where the
the the performance of the equity can
they can outperform the metal itself or
the commodity itself so we saw uh the
the bigger names uh the like the
cicos uh and some of the uh past
producers and and the and the uh uh
developers the quality developers really
uh do well they some of them did follow
the commodity itself and some of these
names are close to their all-time highs
uh but let's just stay with this group
of companies uh where the price of
uranium is at the moment you know the
price of uranium is is close to $92
right
now and I believe and and many other
people believe that uh and and some
experts and and some trading houses are
are predicting that you know price of
urum is going to go up to $120 this year
and maybe 35 next year and $140 next
year and uh you know I I do believe that
the price of your is going to go up uh
when I started in the trade I thought
that we could hit at least the high of
2007 which is $140 a pound H I think
we're going to exceed that so if that is
true then I believe that these companies
in that group The cicos and the
developers are going to follow
suit however the the the Explorers have
really
lagged uh and and some of them
drastically dramatically and which which
is kind of normal in in in these
commodity Cycles uh you know the bigger
money that comes into the sector uh you
know they can only invest in certain uh
in companies that have a certain market
cap they'll invest in you know the the
companies that that are better known the
Blue Chips the better developers that
kind of thing so to see those names move
move first I think is normal in in a
commodity
cycle and I also understand that with
regards to the the Explorers like you
know people are like waiting for news on
the Explorers these the better names are
out there drilling they're trying to
find something and some of these
companies that these explorers that have
found something have been rewarded like
canalaska for example when they came out
with their great drill results in J in
January
right away they they had a rate in their
market cap and so you know uh so people
that held that that stock were rewarded
right away but when when the news flow
doesn't follow then you know interest
wains and then you know people say uh
I'm I'm going to wait for the next news
cycle with the Explorers so but at at
one point in time when I think the
generalist uh investor moves into the
sector and and and more money come flows
into the sector and and more interest
returns to the sector I think that these
uh these better quality smaller name
companies uh will benefit uh
tremendously yeah so I think the last
time I interviewed you you were mainly
in in the Explorers I mean you did have
you were kind of spread out but you were
mainly in the explor from the last time
I recall is that still the case now I I
have I haven't made any changes to my
portfolio
I'm very happy with my portfolio right
now I have uh the majority of my
portfolio is in uh about 10 or 11 uh
exploration companies uh then I have uh
two um past producers in the US and then
I have two development development
companies in in uh Africa gotcha what
has been your biggest winners and losers
within your portfolio in terms of
percent gain
uh well my biggest winner is um is I
started buying the shares at about 40
cents and uh I haven't checked today but
uh let me just look at it very quickly
it closed the day today
at where is at
$48 so that's a tenfold uh at their Peak
they were at about $6 a share so that
was a 15 fold what company is this it's
ISO
energy and my my worst performer
basically I'm flat uh so where I started
buying shares at about 5 cents a share
and it's gone up and it's backed down
and it's it's trading around that that
same kind of price gotcha
and what do you mind saying the company
name no I I don't want to I don't want
to do that because I you know at some
some interviews some some people ask me
to share names and they've attached me
to to those company names and I I just
don't want to do that yeah no worries um
so you know you and I Terry we've been
in this market for a long time you
longer than me for sure um there's
definitely a bunch of long-term
listeners but what would you tell a new
uranium investor someone who say you
know is looking at investing into into
this sector never heard of it before
what are some advice you would give them
given the market status at the moment
well the advice is you better know what
you're getting into uh you know do your
do your own due diligence do your
research um and there's way way way more
information out there than when I
started um you know back then most of
the information that was available was
um provided by the the companies
themselves on their websites and and
there were some YouTube videos and oh I
forgot to mention
when we first started other names that
were I I mentioned uh Trader Ferg and
Justin Hune and John Quakes and and
those kind of people and Andrew Weekley
but I forgot to mention Mike alen Mike
alen is you know the guru of the sector
he he's the one that really uh you know
when I when he started putting videos
and participating at these conferences
and it was like wow he's just saying
exactly he was confirming everything
that I was saying but in way more
in-depth research so and then there was
also Nick hodj back then and Gwen
Preston the resource Maven they were the
people that that were kind of talking
about uranium back then uh but uh anyway
so but to go back to your
question uh do your research H the other
thing is there's way more uh Vehicles
now that you can invest in uh compared
to when I started uh there when I
started there was no split there was a
uranium participation Corp uh which
which was bought out by Sprat but now
you have uh Sprat physical uranium trust
if you want to you know invest if just
in the metal itself then you could
participate in that there's um there's a
a royalty company now as well if you
want to there's only one in this sector
called uranium royalty corpor uh there's
uh there's other um uranium mutual funds
that didn't exist back then there was Ur
but that didn't fit my my needs but now
there's H there's uh Sprout has 2 the
uranium miners fund and uranium Juniors
fund so you could just part participate
that way uh and it mitigates your risk
and uh so I think that that's that's
what I would say is look at look at
these options and uh also you know
people like yourself uh that that
provide valuable uh you know content on
YouTube uh there's so much content now
that you can look at do that first uh
but I I don't think that this uh trade
is over uh by Longshot like I said I
think that the price of uranium is going
to continue to rise and as it rises I
think the equities will follow yeah so
you know you mentioned you know keeping
a breast on the various YouTube channels
that cover uranium to kind of have an
edge in terms of what's going on in the
sector what are some ways that you that
what are some methods and ways that you
kind of use to kind of research the
sector kind of stay a breast up to speed
with the sector well when I started uh
what I did is uh like like I said there
wasn't a lot of information watched some
videos went on the company websites blah
blah blah blah blah but I also started
participating in in some of the
conferences out there and I think that's
important as well I should have
mentioned that so thanks for following
up but I think that's really important
because I went to some conferences uh so
I met most of the CEOs if not all of the
CEOs of the companies that I invest in
uh some of them I I actually you know
I'll I'll send them at a text once in a
while uh I have actually dropped into
some of their offices uh to check out
like you know is there is there an
actual office here more than just an
address
somewhere uh but the other thing is so
you know most of these companies will
talk about hey you got to look at
management you got to look at the
projects you got to look at properties
you got to look at the past the history
the past performance all that kind of
stuff which is
true but but another thing that uh I
think is really really important
is does the company do especially for
the
Explorers do they do what they say
they're going to do so for example if
they're raising money that money that
they're raising what are they doing with
it is it going into the ground uh so a
lot of people don't understand what flow
through shares
one of the companies that I'm in just
announced uh I think it was today that
they did a raise and then they announced
uh that that raise had been
increased uh and then they talk about a
flow through in there and a lot of
people don't understand what that is
well a flow through is the money that
the company uh the shares that are
attached to flow through the money that
the raise through flow through shares
that money has to flow through it has to
be used to uh explore it has to be you
know spent it can't be spent on your
salary or your expenses to travel to
this and blah blah blah it has to be put
in the ground so do they do what they're
going to say what they say they're do
they're going to do so that that's an
important factor for me and any
newsletters that you read in
particular uh yeah Justin hes uranium
Insider is the best uh in the industry
it's it's it's devoted only to uranium
uh Justin and I have been in this for a
long time as I mentioned and uh so uh
it's the best I I really highly
recommend that one yellow bull has a
good one uh so and and you know some of
the YouTube channels like yourself your
your YouTube channel are are great at
providing information allegedly no I'm
just kidding well hey yeah I totally
agree on Justin Hune we I've been a big
reader of his for I think four years now
since I got into this sector we do have
a link to to his uh URL down below
through an affiliate link uh if you guys
are interested be sure to check that out
Terry thank you so much for coming on my
friend any concluding thoughts before we
sign
off well the concluding thoughts is um
and
again like this is just information for
newbies that want to come in is that
it's a very very volatile sector and
it's a roller coaster ride and even if
you tell yourself yeah you know I I I
know what I'm getting into and I know
that listen when you see the it's great
to go through the 10% days and and you
know we 2021 the fall of 2021 was
absolutely epic but as as much fun as
going up a lot in a single day going
down for months on end is is tough to go
through as well so you know you better
be convinced uh and if you're not
convinced you're going to lose money
because you're going to get in at the
wrong time and you're going to get out
at the wrong time so uh so that I think
those are my closing thoughts gotcha
yeah we do have your Twitter and X
handle on screen right now we'll also
have a down on the description link down
below any other socials you want to plug
oh that's it excellent well hey if you
guys enjoyed this content be sure to
give it a like comment down below let me
know what you think if you disagree or
agree with any of Terry's comments there
subscribe to the channel if you haven't
already and I will see you in the next
episode bye y'all
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