mike tzorfas

That John Denver is full of shit, man.

[mike tzorfas @Hebrew_Shmebrew]

@GavMcCracken @UrCakeDaddy Huh?

[mike tzorfas @Hebrew_Shmebrew]

@RaymondDuck6 @ErikSTownsend @leighcuryer This is the most likely scenario, despite all of the bluster and pissing contest vibes they give publicly.

[mike tzorfas @Hebrew_Shmebrew]

@tdlamb @MyriadUranium What I find most interesting is spot and term marching up steadily and consistently despite abysmal utility contracting YTD. This is just the early stages of the inevitable price discovery that I’ve been personally waiting for 5 years to commence.

[mike tzorfas @Hebrew_Shmebrew]

@uraniuminsider @quakes99 The current U demand landscape is comprised of two groups: (1) those who realize the uranium industry lives 5-10 years into the future and it’s already 2030 with a slow moving car crash happening before their very eyes: and (2) Western utilities.

[mike tzorfas @Hebrew_Shmebrew]

There’s so many non/under-modeled right tail demand drivers: sovereign stockpiling for national energy security, SMRs, hyperscaler/data center securing pounds at any price, micro-reactors, surprise restarts, new builds. Every model out there vastly underestimates these drivers; but if you have your ear to the grindstone you know much of this is coming down the pike. What happens to the price of uranium then? Where is it all going to come from?! Anyone? Anyone?

[mike tzorfas @Hebrew_Shmebrew]

They need to test the market for price discovery and won't just jump in with massive RFP's. One of the utilities with a current RFP is Duke. Spoiler alert: they are about to find out that they are going to pay higher ceilings and floors than they would like, without the flexing up provisions that they historically enjoyed in a buyers' market.

[mike tzorfas @Hebrew_Shmebrew]

@GundotraVic @leevalueroach It’s even more hilarious considering it’s tragic comedy.

[mike tzorfas @Hebrew_Shmebrew]

@SloCan68 Just backed up the truck on this one yesterday.

[mike tzorfas @Hebrew_Shmebrew]

I’m a big fan of both you and Justin Huhn. He’s made me money and you saved me from losing much more with Lotus. The best part about X is people making each other better investors with value driven debate and information sharing. The worst part of X is people shitting on each other. Looking forward to your return and be well!

[mike tzorfas @Hebrew_Shmebrew]

@CruxInvestor There’s also an element of inherent severe volatility that comes from being a tiny total market cap industry (80-100b?) linked to themes like AI. We get put into baskets for funds that invest thematically and it’s easy to go up for down 30-50% in short order.

[mike tzorfas @Hebrew_Shmebrew]

2032 is basically yesterday in the uranium mining universe. These are the factors that increase the likelihood that the price of uranium will be whatever utilities, hyperscalers and sovereigns are willing to pay for the marginal pound necessary for very inelastic purposes, I.e. national security, data centers etc.

[mike tzorfas @Hebrew_Shmebrew]

@scaryjellomj @UnoMasReactor Well probably figure it out, at least I hope we do. But the question is at what price will we figure it out?

[mike tzorfas @Hebrew_Shmebrew]

@GavMcCracken I’m here for it! There will be a day where reality again rules the markets and the fantasy we are currently subject to is exposed. Perhaps this is the catalyst for that day 🤷‍♂️.

[mike tzorfas @Hebrew_Shmebrew]

Has anyone else considered that the price of crude and massive crack spreads can be explained by the simple fact that I invested heavily in crude right before it shit the bed? I can fix this whole fudgin’ thing by selling BNO and buying refinery’s- or better yet- micron. A loser is a loser 🤷‍♂️. @GavMcCracken @calvinfroedge #oil #hormuz

[mike tzorfas @Hebrew_Shmebrew]

I get it, man. They are not meeting my expectations, but I need to own my choices on that. CCJ and DNN have exceeded my expectations, Myriad has met expectations (early stage), but all the others (especially GLO, NXE) and SPUT (not a stock but still applies) have all not met expectations for me over the 2022-2026 time period. My point is that it's a slow grind and taking way longer than we thought it would to play out, but it's still playing out favorably. Uranium stocks will always be a total crap shoot, because it's such a hard enterprise to succeed in. Weighting the portfolio well is on us, not the market.

[mike tzorfas @Hebrew_Shmebrew]

And I’ll tell you another thing…this brings me to my ultimate point, dude. Free and fair markets and value investing are a distant figment of our imagination. They haven’t existed in over 50 years. At this point, markets are so manipulated by flows, malfeasance, financial engineering and whatever fuckery I don’t even know about…the individual investor cannot reasonably expect to compete well in this environment. If the little guy wants to succeed, platforms like X are critical for creating the hive thinking and information sharing that will allow us to compete. Everybody help everybody!!

[mike tzorfas @Hebrew_Shmebrew]

@ganders92x @GavMcCracken @UrCakeDaddy Bingo. The second order consequences of a 50%+ rise in oil price are a global depression. If uranium is $200 or even $300+, it really doesn’t affect anyone materially. Demand destruction wouldn’t happen until way above those prices.

[mike tzorfas @Hebrew_Shmebrew]

@osterhout3230 @calvinfroedge Yeah but I wasn’t over.

[mike tzorfas @Hebrew_Shmebrew]

I’m invested in Emperor for the potential scale of the asset and how they go about proving it utilizing cutting edge technology; but all early stage exploration investors know how critical it is to invest in the right people. How can you not love John Florek? He’s the most down to earth, genuine CEO in the game, and an easy guy to root for. Keep crushing it, John and team!