๐๐บ๐ธFor first time in history a shuttered US #Nuclear power plant is being restarted as Palisades in #Michigan readies to return to service๐ถโ๏ธโก๏ธplus regulators are now reviewing plans to build 2 x 300MW small modular reactors at Palisades too!๐ค ๐#Uranium https://t.co/xFvICzSrTM
Here we go!๐๐ #India's #Nuclear utility, NTPC, is launching a global hunt for new #Uranium mines in #Canada, #Australia, #Kazakhstan & #SouthAfrica that it can invest in to secure fuel for 30 Gigawatts of new reactors it plans to build!๐ฐ๐ฎ๐ณ๐โ๏ธโ๏ธ๐ญ๐น๐ค ๐https://t.co/iYWJ1d7CZ1
People are asking me what's wrong with uranium.
I bought at the beginning of this chart, so you can imagine my answer.
More important is that spot always catches up with LTC. Right now, that's bullish...
Geoff Wilson is a relentless campaigner against the insane & abusive ๐ฆ๐บ CGT changes. If you feel like there's no hope in stopping this hubristic tax grab, remember he led the previous campaign against the crazy tax on unrealized gains and won.
Lesson: Never, ever give up!
Boom!๐ฅ The World #Nuclear Association now reports an all-time record high of 80 reactors under construction (88GW)๐โ๏ธ๐๏ธ๐ with another 123 advancing in the planned/approved for construction pipeline (110GW)๐ท plus 311 more proposed! (286GW)๐งโ๐ผ๐ค ๐ #Uranium#EnergySecurity ๐๐
Geoff, don't forget every Fortescue, every Northern Star, every PLS.
These multi-billion-dollar companies started as penny dreadful exploration companies led by a leader with a dream to create something big.
All within the last 20 years.
How many jobs have been created? How much tax has been paid along the way?
All of this is about to disappear offshore! Why invest in Australia if the incentive is gone?
Australia deserves better.
@GeoffWilsonWAM
@GeoffWilsonWAM@PhillipCoorey@MatthewCranston@AustralianLabor The government needs to understand capital gains gets recycled. Particularly in exploration companies, and technology companies, and small company investments. If you give 50% of gains to the government, the money that normally gets recycled into the system disappears.
Welcome to the Chalmersโ parallel universe. The only thing this budget is good for is taxing Australians more, building less homes, and making Australians poorer.
@timothycjames They are clueless. They have no idea how investments with a win get fed as capital into new investments. Take 50% of that away and give it to the government and your pool of capital dries right up. This is ridiculous policy if you want growth in the country.
๐จ This @AlboMP government is running a straight-up TAX SCAM on Australian investors.
Buried in their budget bill is a sneaky โloss-ordering๏ฟฝ๏ฟฝ๏ฟฝ trap that forces you to waste your oldest CGT-discounted gains FIRST โ leaving newer gains fully exposed to their brutal new indexation rules from 2027.
Deliberate. Greedy. A betrayal of every mum & dad investor trying to build wealth.
Absolute rort by a desperate, cash-grabbing regime. This must be stopped #AusPol #TaxScam
Thar she blows!๐ฃ๐ฅ๐๐ฒ May 2026 month-end #Uranium prices are out๐จ with #Nuclear fuel consultants UxC raising their base Long-term contract price by +$3 to $93โซ๐ฒ๐ and TradeTech by +$2 to tie the May 2007 to March 2008 all-time high of $95/lb #U3O8!โซ๐๐
Cameco will soon report its May Long-term price at the UxC/TradeTech Average Up +$2.50 to a new 18-year high of $94.๐๐๐
TradeTech's Spot Conversion price rose +$1 to a new all-time high of $65โซ๐ with Long-term holding at its all-time high of $55.๐
TradeTech's Spot enrichment SWU remained at its $200 all-time high๐ while Long-term SWU rose +$3 to a new all-time high of $180โซ๐๐
Inflation is also pushing up the incentive price to bring on new mined supply๐๐ฒ๐ญ๐จโ๐ญ with TradeTech reporting a +$2.20 increase in their proprietary Production Cost Indicator (PCI) to $62.10 per lb.โซ๐ข๏ธโข๏ธ
All signs now point to higher prices coming๐ชง๐ถ which will drive a record Uranium bull market for the history books over the coming months and years.๐๐๐ Hope U have been loading up on the dip in U mining stocks.โ๐๐
Back to my vacation.๐๐ฅพ๐๐บ Wishing all of U the best of luck with your investments.๐๐๐ฐ๐ค ๐