Ringler Research

Uranium sector - Newsletter by Ringler Research as of 29.10.2017

Press Release   •   Oct 30, 2017 12:28 CET

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Topic 1: Overview, market comment & overview of important countries who produce uranium

Topic 2: Uranium sector statistics

Topic 3: Top 5 / Worst 5 performing stocks (20.10.17 – 27.10.17)

Topic 4: Chart-check of some selected uranium securities: Global X Uranium ETF (URA), Cameco Corp (CCJ),Uranium Energy Corp (UEC), Energy Fuels (UUUU)

Topic 5: Overview of all Australian uranium companies in our database

Topic 6: Overview of all North American uranium producers and developers in our database

Topic 7: Overview of all North American uranium exploration companies in our database 

Topic 8: Legal Notes, Disclaimer, Imprint

Topic 1: Comment Ringler Research:

On October 27, 2017, the largest listed uranium producer Cameco surprised with a net loss of $ 124 million for the third quarter of 2017. The main reason for the losses were impairements. However, the company expects the operating cash flows from 2016 (312 million USD) to be exceeded in this current calendar year. The share price closed in a volatile trading session with a loss of 6% compared to the previous closing day. The stock is trading also near the 52-week lows of early November 2016, which was at USD 7.41. The company announced a reduction in expected uranium production to 24 million pounds in 2017 from previously scheduled 25.1 million pounds.

Even if the start of the next uranium bull market does not yet appear to be imminent, the medium to long term prospects for the sector are outstanding! 449 reactors in 30 countries are currently in operation.

In addition, there are 57 reactors in the construction phase, which will lead to an increase in demand for uranium from the reactor operators. The possible weakness in the North American tax loss-selling season might be a good entry point to pick up companies with excellent projects, which will be valued 10-20x higher in the next uranium bull market! We expect that bull market to start at latest in 1.5 to 3 years from now, at a time when the utilities rush to secure long-term delivery contracts.

According to statistics from the ‘World Nuclear Association’, the three countries of Kazakhstan, Canada and Australia were responsible for 2/3 of the world mine supply of uranium. Kazakhstan is by far the biggest producer worldwide, with a 39% market share. Therefore, the output reduction of 10% by the beginning of 2017 had a great influence on the uranium sector, especially the spot uranium market.

Overview of the main countries, which produce uranium (year 2016):

1.Kazakhstan: 24,575 tonnes U
2.Canada:        14,039 tonnes U
3.Australia:        6,315 tonnes U
4.Niger:              3,479 tonnes U
5.Namibia:          3,654 tonnes U
6.Russia:            3,004 tonnes U
7.Usbekistan:    2,404 tonnes U
8.China:             1,616 tonnes U
9.USA:                1,125 tonnes U

Source link:http://www.world-nuclear.org/information-library/nuclear-fuel-cycle/mining-of-uranium/world-uranium-mining-production.aspx

Please read & download the complete Uranium Newsletter at the following page:

http://uraniumstocks.info/newsletter-publications/ or with direct download link:


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