Cedric147

Chemical engineer
Silver / gold / uranium investor

[Cedric147 @Cedric1472]

@KParaat Mnomnomnom

[Cedric147 @Cedric1472]

@KParaat At GC

[Cedric147 @Cedric1472]

@Valarian11 Nice, let me just wait for another dip, then I buy. Thanks for the tip 😜

[Cedric147 @Cedric1472]

@KParaat Can you block me?

[Cedric147 @Cedric1472]

@inigoezponda @Valarian11 Who are the other top ones?

[Cedric147 @Cedric1472]

@Valarian11 They're still waiting 😜

[Cedric147 @Cedric1472]

@AbraSilver 33,6

[John Quakes @quakes99]

⚠️Once heralded by #Nuclear fuel buyers and #Uranium bears as their coming Saviour🎺😇 ready to flood the market with as much cheap Yellow Cake #U3O8 as the world would ever need🇰🇿⚛️⛏️🌊🌎 #Kazakhstan has now become a Satanic wrecking ball💥🔨👿 that has slashed production, signed massive backdoor supply deals with Russia & China, and instituted a series of major tax hikes that will further suppress production⛏️⬇️ and drive Western Uranium prices far higher for many years to come.💲📈

Since peaking in 2016, Kazakhstan has produced >126 Million lbs LESS than fully permitted levels that had been expected by Western Nuclear utilities, while diverting a significant portion of its actual production to fill a 23,000tU (60 Million lbs U3O8) warehouse in China at Alashankou, and agreeing to ship nearly all of its new 2024-2026 production to fill Rosatom's storage vault in Russia. 😿

🤕The latest victim is CGN mining (https://t.co/2oYS0c6cDD) who just issued a profit warning💸⚠️ saying that while higher uranium prices this year will yield a HK$70 million to HK$100 million H1/2024 profit before taxation, due to Kazakhstan's rising tax rates on their Joint Ventures they are now "expected to record a decrease of approximately HK$50 million to HK$80 million in net profit for the six months ended 30 June 2024 as compared to the corresponding period of the year v2023."💰✂️ To make up for these losses, CGN Mining, like others with Kazakh JV's, will have to raise the Uranium prices they charge their customers! 🧾💲⬆️⛏️

On 31 July, another victim Cameco reported Uranium production at its Inkai JV in Kazakhstan fell -21% in Q2, -18.6% in H1/2024 Year-over-Year⬇️ impacted by the ongoing shortage of sulfuric acid, with guided 2024 Inkai JV production of 8.3M lbs 'tentative' at best.🇰🇿🇨🇦😟

On top of that, Kazatomprom now estimates that Cameco will be hit with a new 6% tax on its share of 2023 & 2024 production at the Inkai JV, 9% in 2025, rising to a minimum of a 15% tax hit in 2026 and all subsequent years, plus an additional 'Spot U3O8 Price Tax' of 0.5% to 2.5% tied to the weighted average Spot price reported by UxC & TradeTech.💰✂️

Cameco, like CGN Mining, will have no choice but to negotiate for even higher delivery prices in new contracts with Nuclear utilities.🧾💲⬆️ As the terms & conditions of their legacy contracts aren't made public, we don't know if there are clauses in those contracts that may allow them to pass on the costs of those Kazakh tax hikes to their customers.🤷‍♂️

The days of cheap Uranium coming out of Kazakhstan are over! Western JV partners like Cameco & Orano will need to reevaluate whether it's worth continuing to participate in JV mining in Kazakhstan given the rising costs of Kazakh production, rising taxes, and more expensive and unreliable shipping to the West, making Kazakh Uranium just as expensive as what can be produced in safer jurisdictions like Saskatchewan. 🤯

This Friday, August 23rd, Kazatomprom will release Kazakhstan's 2025 Uranium Production Guidance.📗 When you read the revised figures you should also reflect on the fact that they do not provide a breakdown as to which joint ventures are the losers, and which are the winners, when it comes to the limited supplies of sulphuric acid solution being divided out amongst the many active JV mining operations around the country.🤔

Russia, who sent in the cavalry that put an end to the Kazakh uprising in January of 2022, will likely get the lion's share of that critical ISR mining agent as payback, while receiving ALL the new production from their Budenovskoye JV until at least the end of 2026. Who knows what other deals are being discussed behind Russian and Kazakh closed doors?👥🚪

Rather than being the Saviour of western Nuclear fuel buyers, Kazakhstan has driven down supply, signed special deals with China & Russia, and instituted tax changes that will force reactor fuel buyers to pay even higher prices for future Uranium deliveries tied to the Spot price.🤬 That's good news for investors in Uranium companies, physical funds & ETF's that benefit from higher U3O8 prices!💰😇

Good luck with your research and investments!☘️🌈🤠🐂

[Cedric147 @Cedric1472]

@ValueJagers @KParaat @Valarian11 @EdwardGofsky

[John Quakes @quakes99]

📝To fuel the addition of 200GW of new US #Nuclear power🇺🇸🗺️3⃣✖️🏗️👷 the DOE 'Liftoff' report determined that the US must increase its #Uranium fuel supply by 200-300%, expand #mining & milling operations by 22X🤯to add 50,000MT (+110 Million lbs/yr) of new supply!⛏️⏫🚀🤠🐂🌊🏄

[Cedric147 @Cedric1472]

@KParaat @simonwins28 @TaviCosta Wow 50% gain 😮 that's insane. Life changing 😅😜

[Cedric147 @Cedric1472]

@AbraSilver 251 Ag/Eq g/t

[Cedric147 @Cedric1472]

@KParaat @CryptoJelleNL You should share accounts, then you can play together 😜

[Cedric147 @Cedric1472]

@KParaat @TheLastDegree 'we' 😂😂

[Cedric147 @Cedric1472]

@KParaat @KimTikt Thanks Dr. Prietpraat 😜

[Gold Telegraph ⚡ @GoldTelegraph]

BREAKING NEWS

SUBPRIME AUTO LENDER AMERICAN CAR CENTER CLOSES FOR BUSINESS AFTER PULLING A $222 MILLION BOND SALE FROM THE MARKET

It is starting?

[Northstar @NorthstarCharts]

DO NOT expect #gold/#silver miners to outperform for long in a PM bull market. Unless we break out of this channel, the miners will be long term losers.

[Cedric147 @Cedric1472]

@KParaat @pizdets17 Frontrunning off a cliff 😅

[Cedric147 @Cedric1472]

@Valarian11 I don't think he needs a haircut 🤣

[Cedric147 @Cedric1472]

@KParaat @Nieuwsblad_be Da hebt gij precies al vaak gedaan 😅