As a long-only value fund, we are drawn to bear markets. As alluded to in last year’s article titled ‘Like buying oil at $20 a barrel’ we have a firm interest in the beaten down uranium sector. Whilst it seems we were one of the first Aussie funds to allude... Show More
Nuclear reactors are in vogue again. The need for clean energy has led the world into the renewables, which include solar and wind power. The problem with these technologies is that they are not cheap, nor reliable. Nuclear is the only source of energy that provides clean and abundant energy... Show More
In this episode of L2 Capital's podcast, Marcelo Lopez spoke with Brandon Munro, CEO of Bannerman Resources Limited, a company listed on the Australian Stock Exchange, ASX, focused on the exploration and development of uranium mines. Show More
Wouldn’t it be nice to find a market to invest in in which the demand has been increasing constantly, supply is being cut and the cost of production is pretty much twice the current price (meaning, the price has to go up)? Well, look no further: I believe the uranium... Show More
In little over a year since launching The Rules of Investing podcast, Patrick Poke has published 28 podcasts with Australia’s best fund managers, hitting the iTunes top 10 on multiple occasions, achieving episodes with over 6000 plays, and racking up a cumulative 5.2 years of listening time. After such a... Show More
The spot price of uranium is up 33% this year, ending a 7-year bear market, although it remains below the cost of production for close to half the world’s production and a number of mines have been shut down in 2018. With the demand picture improving and a run down... Show More
As the old saying goes; “one man’s trash is another man’s treasure”. And nowhere is this truer than the sometimes-scary world of deep value and contrarian investing. Some of the stocks mentioned here have fallen 80% or more from relatively recent highs, and have fallen off the radar of index... Show More
There's no cure for low prices like low prices, and if you're looking for low prices, uranium has suffered some of the lowest of any commodity in recent years. Uranium reached a low of US$18/lb at the end of 2016, a far cry from the US$130/lb it fetched in 2007.... Show More
The spot uranium price ticked up again last week and growing 2019 demand suggests further upside. In this wire, Greg Peel discusses improving prices, the US conundrum, and new reactors for Japan. Show More
As value investors, we usually shy away from resources and materials because the factors influencing their price are inherently unpredictable – namely macro factors, the inability to reliably measure and forecast supply and demand, and the timing of cycles – not to mention the poor capital allocation of most miners. Show More
The paradox of the current uranium market is that the more the major producers curtail output because of a stubbornly low price for the commodity, the higher the hopes of a recovery. Show More
This week’s guest on the podcast is Rick Rule, President and CEO of natural resources specialists, Sprott US Holdings. According to Mining Journal, Rick is one of the top five most influential people in mining globally; an honour that he shares with President Xi Jinping and Donald Trump. Show More
Uranium stocks have been quietly gaining in recent months, however, we expect materially more from the sector as it continues to rationalise in the medium-term. To put the current price of uranium into terms more familiar: we believe it is trading at the equivalent of oil at US$20 per barrel. Show More
Like we did last year with lithium and Aussie-domiciled gold producers, we have selected those companies that represent the best risk-adjusted exposures to cobalt, allowing the fund to deliver returns not correlated to resource indices. This process meant that part of the Terra team travel to a number of cobalt... Show More
Anyone even remotely associated with the resource sector is well acquainted with the concept of patience. One interesting quote that probably sums up what’s required is as follows: “Patience is not the ability to wait, but the ability to keep a good attitude while waiting.” Nowhere is this more relevant... Show More
Uranium has been the most-hated commodity since 2011 - and the Global X Uranium ETF, which tracks global uranium miners, is down by 90% over the last six years. But since the Trump election victory, international uranium stocks have soared by 59%. The market is speculating that the Trump administration... Show More
Most commodities rose solidly (even strongly) during 2016, but uranium missed the party badly – it fell by 41% and hit a 12-year low of $20/lb during November. What a far cry from its peak of $137/lb in mid-2007, when oil hit $150 a barrel and most commodities enjoyed a... Show More
There’s not a snowball’s chance in hell that lithium market forecasts will be realised. My reasons for saying this (and why uranium may offer better investment returns than lithium) are here: http://www.portfoliodirect.com.au/WeeklyReports/300516/page1.html Show More
Alto Metals (AME:AU) does not have the time to wait for the uranium market to turn. It has jettisoned its former name of Enterprise Uranium, put aside some exciting uranium exploration opportunities and joined the rush to rehabilitate historical WA gold workings as a short-cut to value. Alto Metals intends... Show More
Extension of Environmental Approval at Wiluna Underway, ESD's submitted for review by the EPA for the Millipede and Lake Maitland deposits. The approval process is expected to be completed in the 2H’CY2016. Landowner approval progressing for Wiluna Project. Refinancing of Macquarie bank debt facility complete. TOE repaid the outstanding $6m... Show More