Don

You miss 100% of the shots you don't take.

[Don @dh_capital]

So.... $LOT.AX

1)can't get acid
2)damaged their acid plant during hot commissioning

What a shit show.

[Rupert Lowe MP @RupertLowe10]

Complete silence from the BBC on our rape gang inquiry report.

A truly despicable organisation.

[Visegrád 24 @visegrad24]

🇫🇷 A French woman who was sexually assaulted by a Tunisian migrant could be sentenced to prison today for ‘incitement to racial hatred.’

During a TV discussion, she said that “the main danger for women in France is Black African and Arab immigrant men.”

She was initially given a six-month suspended prison sentence and a €3,000 fine, but she appealed the sentence, with the new verdict expected later today.

Her attacker is still at large.

[Don @dh_capital]

@bryan_johnson When do you plan to re-analyse the results of the stem cell treatment & whether it had any impact on the cartilage? Fascinating self experimentation...thanks for sharing the journey

[Thaïs d’Escufon @ThaisEscufon]

Europeans and American patriots!

Tomorrow, the courts of my country, France, may decide to send me to prison for daring to say on television that “the main danger to women in France is Black African and Arab immigrant men.”

Meanwhile, my own attacker, a Tunisian migrant, is still at large.

I need your help to generate media pressure and hope to be acquitted.

They cannot silence the truth!

Thank you for your support 💪🏻🇫🇷

[Don @dh_capital]

Why Uranium Must Go to $120/lb | Guy Keller's ASX Uranium Outlook https://t.co/UseeqkpUEE courtesy of @mattmichaelOG

[Don @dh_capital]

Are you saying you wouldn't vote for a PM who would do this @JEChalmers ? Your buddy @AlboMP will be very disappointed

[Jim Chalmers MP @JEChalmers]

A PM that says capital gains tax will be unchanged while working on a secret plan to do the opposite #auspol https://t.co/eWm3uO7tVj

[Willem Middelkoop @wmiddelkoop]

Now Uranium Rips Higher

‘Uranium ripped overnight and for once the tape is telling the truth. Uranium is everywhere yet barely a fraction of it is economically mobile enough to keep a grid running in perpetuity. In a deglobalising world, that is exactly the kind of scarcity governments pay up for.

THE LEADERSHIP TELLS YOU EXACTLY WHAT KIND OF MOVE THIS WAS

Ur-Energy +22.8%, Uranium Energy +13.6%, Energy Fuels +10.9%, NexGen +8.9%, Cameco +7.1%, Denison +7.0%, IsoEnergy +6.1%, Sprott Uranium ETF (URNM) +6.9%. The Sprott physical trust was flat-to-down (-0.7%) and Kazatomprom (KAP) lagged at +1.0%. This was NOT a spot melt-up. It was the leverage and the US-supply-security end of the curve doing the work. We are active in this space.

WHY IT MOVED
Urenco unveiled a multi-billion-dollar plan to lift capacity by close to 50% at the only commercial enrichment facility in the US. Enrichment runs on processed natural uranium, so this is immediate and long-dated pull-through demand for domestic miners, landing right as the US moves to a full ban on Russian uranium imports from 1 Jan 2028. Stack on Energy Fuels' Q1 beat (revenue ~US$35.8m vs ~US$31.3m est, more than doubling YoY) and Cameco lifting its Cigar Lake stake via TEPCO's 5%, and the session had a real fundamental spine.

THE REAL TELL IS THE TERM CURVE, NOT SPOT
Spot peaked near US$94/lb in January and has drifted to ~US$84/lb May (DATA HEREand HERE).
The term price, meanwhile, has risen every single month of 2026: US$89 to US$94/lb.
Soft spot, grinding term price = utilities contracting forward into a market they know is structurally short. Section 232 already designates uranium a national security asset.  Feedback we have received is the door is open to price floors even government equity in domestic producers.

THE STRUCTURAL SETUP - EVERYONE IS REACHING FOR THE SAME SHRINKING POOL
Three things are happening at once and they all point the same way:

1) Kazakhstan turning inward. Kazakhstan supplies ~40% of the world's uranium and the low-cost incumbent is becoming a less reliable supplier to the West. Its Budenovskoye JV has 100% of output committed to Russia through 2026, Kazatomprom is cutting 2026 production by ~10%, and Kazakhstan is building its own reactor fleet with Russia's Rosatom and China's CNNC.

2) India wants all of it. India's High Commissioner to Canada, Dinesh Patnaik: "we would buy as much uranium as Cameco can produce." That is already backed by a ~22 million pound, ~US$2.6bn nine-year Cameco offtake running from 2027, against a plan to lift Indian nuclear capacity roughly tenfold by 2047.

3) The US can't feed itself. America burns ~50 million pounds a year and mines barely ~2 million (4% of what it consumes) while banning Russian imports from 2028 and building out domestic enrichment via Urenco. The maths does not close without a lot more Western pounds’ #Shaw

[📐triANGLE INVESTOR @capnek123]

Cameco just posted a long term #uranium price of $94 on their website.🔥🔥🔥

[Don @dh_capital]

AFR with an article that has $paladin in the headline.....maybe explains $pdn down 7%. Wrong Paladin though 😂
https://t.co/3lVr0mnBXI

[Kellie-Jay Keen @ThePosieParker]

Henry Nowak may be the man who changed the world.

[Don @dh_capital]

Global atomic $GLO has a market cap DOUBLE that of Lotus Resources $LOT
There was a coup in Niger,
@Lotus_Resources what has happened in Malawi?
Who will produce 2m lbs first? #uranium #nuclear

[Emanuel Ajay Datt @eadatt]

>income tax
You worked and someone paid you. We'll need to take 30%–47% of that, plus the Medicare levy.

>GST
Oh you would like to spend some of the income we let you keep on goods? We'll have to charge you an extra 10% for that.

>negative gearing
Oh you bought an investment property to offset losses against your wages? Let's scrap that. We did rule out changes before the election but we changed our minds.

>capital gains
Oh you invested prudently for the long-term? Thank you for putting your risk capital into our financial system, we now be taxing it as short term income.

>aspiration
You're young. You worked hard, saved, invested, picked up a side hustle to get ahead. But we're making sure the ladder you're climbing has fewer rungs than the previous one. Don't worry, we're doing this for your own good.

At what point did you realise the game was rigged before you sat down?

[Don @dh_capital]

Seems to be a yearly occurrence @jeffcomeau 🤣

[That Uranium Guy @jeffcomeau]

$EU pummelled by newsletter sell signal. Now 50% cash. Next thing you'll know, they'll be shorting the sector. Hope they get caught bare in a massive rally. Can't believe the sheep stampede mentality of his followers. #uranium

[Don @dh_capital]

@tutes5 @Lotus_Resources

[Don @dh_capital]

Update : M. Cap US$159m
$LOT.ax $LOT
The downgrades have come out for @Lotus_Resources & Ord Minnett say they are heading for another equity raise.......2 months after it rattled the tin for A$79 million!!

[Don @dh_capital]

How many actual #uranium miners are looking at $LOT $LOT.AX as a takeover possibility?
At A$257m (US$185m) some companies must be looking. Would $PDN buy them back? A negligible amount for them today. Chinese maybe?
Interesting to hear what @Lotus_Resources say today

[📐triANGLE INVESTOR @capnek123]

How much power does Germany import from France since closing its #nuclearpower reactors?
#uranium

[Don @dh_capital]

@Sammy2288776 @Lotus_Resources It would be successful for someone.....just not investors 😂

[Don @dh_capital]

@Jambol8888 @Lotus_Resources but someone like paladin could use their product to fill the contracts and give Kayelekera the time to ramp up properly

[Don @dh_capital]

How many actual #uranium miners are looking at $LOT $LOT.AX as a takeover possibility?
At A$257m (US$185m) some companies must be looking. Would $PDN buy them back? A negligible amount for them today. Chinese maybe?
Interesting to hear what @Lotus_Resources say today

[Don @dh_capital]

@Jambol8888 @Lotus_Resources The contracts for CY26 are going to be the problem.