Hi, Nick. Thanks for your message. I believe there are a couple of brokers who follow this company (maybe Euroz and someone else). Good luck with your research.
Many thanks, Rodney. I'm glad you liked it
Great, Marcus. And your point is correct, as well as mine. They have reduced the production and will now start increasing it at a slower rate. This is because in Kazakhstan, when the license is granted, the JV has to sign a contract with the state stating what the production will be every single year for the duration of the mine - and they have the discretion to increase /decrease it by 20%, no more, no less. So, a 20% cut from what was planned is the most bearish scenario. I have spoken to KAP last week and also met with CCJ (co-owner of Inkai), and they both reaffirmed this point. I'm happy to chat, if you want. Again, thanks for the comments
Hi, Marcus. Thanks for your comments. Kazatomprom really cut production - please see link of their own presentation, page 3 (http://www.kazatomprom.kz/en/content/investoram/investoram/otchety-i-rezultaty/reports-and-presentations). They are cutting production this year, as you mentioned, from their subsoil use licenses. When a mine license is granted in Kaz, they outline the production for the life of the mine and the company has the ability to increase/decrease production by 20%, as they (and their JVs) see fit. I spoke to many geologists in the sector (this week I spoke to KAP too) who have worked for KAP and they reaffirm that the easy and cheap uranium is coming to an end. Some of their mines have a cash cost above $22/lb - you can ask them directly, they will confirm this. If you want to discuss this further, it will be my pleasure. I am on twitter malopez1975. Cheers
Hi, Jak. I'm sorry, but I cannot give investment advice. I am sure your financial advisor will help you with that. Good luck and thanks for the interest.
Thanks for your comments, David. In my opinion, you are making the mistake most people who don't look into depth end up making - I would be happy to discuss this with you, you can follow me on Twitter and DM me. But basically, Kazakh production HAS been cut (please notice that some of the mines that were treated like financial investment are now consolidated, including Inkai - the JV with Cameco) - this creates an impression of more uranium, when in fact there is less. They have mined the "easy and cheap" uranium and from now on, costs will have a big impact (attention to the tenge). Japanese reactors restarts would be nice, but that's not what will trigger the next bull market. Japanese inventory is around 126m lbs, but the majority was acquired at US$70 and above and most likely will not see the light of the day - definitely not at these levels. Paladin has its own problems (which I'm happy to discuss) and utilities are not buying because of the uncertainty created by S232. Cheers
Thanks, Jehangir. There are a few listed companies in the ASX