CEO of Cauldron Energy ASX: CXU; $cxu.
#Uranium
, rad waste, nuclear energy and gov't policy. Pro nuclear. ASX Mining. Small Caps. Regular media contributor
**** THE DEATH OF AUSTRALAN MINING GLOBAL LEADERSHIP?****
Apologies I missed my last Thursday update; I was in travelling in WA. It’s a lean week for company updates; but again lots happening in Aussie politics…
Jabiluka, Minsite re-unionisation, now the $RRL Regis gold
Hey all
#uranium
and
#nuclear
investors in
#asx
land and beyond. Here is another update for you- the biggest impact on the U market yesterday has nothing to do with U – but with
#lithium
! Liontown $LTR got smoked and hence spooked the rest of the market!
And more jobs go in the
Let me be the first to congratulate
@Boss_Energy
$BOE on first
#uranium
production! Awesome work Duncan and team!
As an aspiring
#ISR
producer; it is fantastic to have Boss leading the way in Australia.
For $CXU investors, this is where i want to be in a few short years. Hell
@PatrickGormanMP
Hi Patrick - I have one - Garden Island, off Perth, where Labor is super excited to have floating reactors in the form of submarines from
#aukus
. AND THAT YOU YOURSELF have been crowing about how exciting it is!!!
Complete hypocritical stunts by Federal labor here.
Monday had to be the biggest day in
#uranium
trading on
#ASX
in recent history. Round up below for
#investors
on all things U and
#nuclear
from the last few days.
Especially look at the
#auspol
news - very interesting!
Will
#ASX
uranium continue is run today or take a breather?
Australia's energy policy is out of step with all other major industrialised nations, our most important trading partners, and our allies. Its an embarrassment on the world stage.
#auspol
#uranium
#nuclear
$cxu
#COP28
Time for Albo to act swiftly, axe Minister Bowen and bring
Approx 9% of both the $BOE and $PDN register is short at the moment.
Whole bunch of shorts are going to be having an awfully nervous weekend waiting for
#ASX
on Monday!
#uranium
#karma
Everyone has had a chance to voice their views on $CCJ Cameco results and the market reaction... here is mine
#uranium
#asx
$cxu
Overall comment - Frankly, Cameco should be one of the most competent and reliable producers there is. Top tier assets, good jurisdiction, excellent
Its
#FOMO
Friday for
#asx
#uranium
equities! $cxu
1. Kazatom production reporting and guidance didnt disappoint. Missed by 15% vs previous guidance of 10% (although note Kaz was up 7% today - go figure!)
2. But read the fine print. Where did the inventory go? The cupboards are
WHAT DOES RESTART OF THREE MILE ISLAND MEAN FOR
#URANIUM
JUNIORS?
In short. A whole lot.
Microsoft taking the massive power contract helps prove the nuclear and data centre /AI thesis.
Reinforced the growth case for overall nuclear demand.
There is not one analyst who
***SIGNIFICANT NEW URANIUM DISCOVERY****
Today $CXU has announced a major new
#uranium
discovery at Manyingee South, which is next door to Paladin’s Manyingee ISR Project.
Already with 1.5km of continuous strike with mineralisation open in all directions, the rig is still
***Senator calls for Independent Inquiry into
@CSIRO
#GenCost
***
#uranium
#auspol
$cxu
Australians have been constantly told by
@Bowenchris
that the CSIRO GenCost report (concluding mass renewables is the cheapest path forward for our energy policy) is beyond reproach. But he
#DYK
?
There is a US Virginia class submarine (USS Hawaii) docked in Western Australia now, for maintenance!
Guess what? The sky didn't fall.
#aukus
#nuclear
#uranium
$CXU
#auspol
Asx investors on Monday should take note. This is a fundamental kick in the guts to any last remaining
#uranium
bears. They are now an extinct species.
The world’s largest producer (by far) admitting they are in all sorts of trouble with their production. In a desperately
⚡️The world's largest
#Uranium
miner $KAP has sent the market a surprise warning ahead of releasing its Q4/2023 Earnings & Guidance.⚠️ Why is this a bigger deal than most realize🫨 that will drive
#U3O8
prices higher no matter how many lbs
#Kazakhstan
produces in 2024/2025?🤔
@Bowenchris
Funny
@Bowenchris
, in those 2 months the polling trend has shown:
1. Increased support for LNP;
2. Toxically low levels of primary support for Labor;
3. Improvement in Dutton's personal approval ratings and declines in Albos. (that one must really hurt!)
Labor has a problem.
G’day all
#asx
#uranium
and
#nuclear
investors. Time for another sector update, lots of interesting newsflow happening! The nuclear giant has definitely woken up! $cxu
Global update
1. US Senate expected to vote and pass the Russian uranium ban bill this week or next? Is this
Another big day for
#uranium
equities in North America following the Russian uranium ban; and spot price bounced nicely (again!). Positive vibes for the
#asx
session.
Cannot understate the importance of the Russian ban highlighting that bifurcation is long term. This turbo
Overnight
#uranium
and
#nuclear
events:
1. Spot smashes $82 again to fresh ~20 year highs
2. $SASK has taken out $92E and $LUR
3. (yesterday) $BOSS does an extremely clever deal and raises $200M
4. Poland announces 24
#SMR
across 8 different sites to continue their coal to
What a mad, mad week for
#asx
#uranium
and
#nuclear
!! So busy I had to get another
#news
update in for
#investors
. Bright and early this morning!
Global news
1. France the latest country to roll back
#renewables
targets and switch to zero emissions instead (eg Nuclear). Wake up
Quote from the LABOR Premier of South Australia Peter Malinauskas; aimed at
#uranium
#mining
. $cxu
#nuclear
#auspol
#ASX
“I don’t want to see a nuclear debate around civil purposes being driven by ideology. We need nuclear power globally to decarbonise the energy sector; and
****IMPORTANT AEMO COST CLARIFICATION****
Yesterday Australia's Energy Market Operator
@AEMO_Energy
released the Final 2024 Integrated System Plan.
#auspol
#nuclear
#uranium
So that everyone is crystal clear, to deliver the AEMO plan, ~>90% of all households are assumed to fork
What a shocker of a day on
#asx
yesterday for
#smallcaps
(and the broader market too).
For all the loyal
#uranium
and
#nuclear
punters, please see below another market summary, fair bit of interesting news as we count down towards Cameco $CCJ production announcement on Thursday
Three things to take from this photo $cxu
#uranium
#asx
#bali
#ilovebali
1.
#bintang
comes in large bottles too. Who knew? Very happy to discover that.
2. My wife was clearly very happy to spend an hour with me without me talking about uranium for once!
3. I am fully refreshed
Big day for
#uranium
equities in North America and spot price bounced nicely. More importantly; huge amount of fundamental positive newsflow continuing about the
#nuclear
sector. Expect a good day on
#asx
. $cxu
#nuclearenergy
Global news
1. Spot price bounced a couple of buck
Yesterday the normally boring Senate Estimates hearings got a little interesting when
#uranium
and the Russian ban came up. (this was livestreamed).
The issue of US requirements and Australia's ability to help our allies is live. Expect more to come.
#asx
$cxu
Hi all investors!
#uranium
and
#nuclear
update below, focused on global market and then how it affects us here in
#Australia
.
#mining
#asx
#investing
It has been a wild week! Thanks for your support!
Global news
1. The US DOE (
@energy
) is now referring to U as a “Critical
News are erupting in Germany that the parliament's decision to go through with the nuclear phase-out was partly based on false information that seems to have been deliberately falsified.
Boys at
@moneyofminepod
at it again!
@mattymikals
Snip here from the recent poddie with
@RealRickRule
#uranium
$cxu
Quote of the day when discussing Australia's industry involvement "You have
#uranium
supply, you are trusted around the world… you have wonderful capital
My article today published in The Australian. The Labor energy policy is an ideological crusade which middle Australia should not accept.
#uranium
$cxu
Spot
#uranium
pushing up again; media attention on the state based
#WesternAustralia
uranium
#mining
ban continuing to rocket; more details demanded of the libs federal policy. Somewhat different drivers emerging for the mining issue vs the domestic
#nuclear
reactors issue.
See
Massive news! The pressure it ratcheting up!
Australian PM Albanese now copping it from senior Labor members and senior union members to lift the
#nuclear
ban.
Why? They dont care about ideology.
They want to protect jobs (reliable power prices).
#uranium
$cxu
#COP28
#auspol
#WesternAustralia
has a moral obligation to supply its
#uranium
to the rest of the world; to help achieve
#NetZero
goals.
Interestingly, the WA Government already understands this argument and has already accepted it in relation to a pending change in policy for gas exports.
See below today’s
#uranium
and
#nuclear
industry update – sentiment remains patchy; spot price down a bit but NA and
#TSX
stocks very green; finally realising its still a damned good and profitable price! And huge
#auspol
newsflow… Could it be a good day for
#asx
? $cxu
The potential for
#uranium
mining to add value in WA is extraordinary and can be developed independent of any state election outcome:
1. Diversify WA govt revenues away from iron ore
2. Replace jobs lost in nickel, lithium and iron ore
3. Play an important role in global
NEWSFLASH: Australian Parliament House itself emits more radiation than a nuclear power plant.
(source World Nuclear Association, Minerals Council).
Because of how much
#Granite
they have used throughout it. Anyone who has been there will know.
If our esteemed Climate and
Global
#uranium
and
#auspol
update! $cxu
#asx
Spot price has a sniff of life in it; and equities have strung together a few good sessions; expect momentum might continue as we move into the ASX session today.
On the macro; big banks are in; is this the moment nuclear goes
G’day all
#uranium
,
#nuclear
and
#asx
investors.
#2024
will go down in history for our industry moving into the investment mainstream. Its going to be a cracker! Hold on for some wild performances, am sure a few disappointments, and some surprises.
Here at $CXU we are warming up
G’day
#uranium
and
#nuclear
punters, in
#asx
land,
#tsx
and beyond.
Today’s update starts with a message of support and condolences for all the affected families, colleagues and friends of Rio workers in the tragic Canadian plane crash. Horrible situation and highlights the
Hey
@Bowenchris
. Microsoft is taking a massive power agreement to help fund the restart of Three Mile Island. Unbelievable show of strength and growth for the industry.
AI and data centres fueling amazing new demand!
Care to rethink your energy policy at all?
#auspol
So an extra 4.9m pounds needed for 2024. New. Just added. So on top of all the boundless optimism and horrendous net short position we already had, WNA has just said we need an extra 2-3 new medium sized mines to come on THIS YEAR to fill the additional gap.
#uranium
. $cxu.
💥 With 4 more
#Nuclear
reactors now on order📜⚛️ February 2024 revised WNA data shows 436 operable reactors (392GW)⚡️ 62 under construction (69GW)🏗️ 118 ordered/planned (117GW)🧾⬆️+ 323 more proposed (360GW).🧑💼 WNA has raised their
#Uranium
fuel consumption estimate by +4.9M lbs
@Bowenchris
Barakh nuclear plant brought on line, $25bn for 6.4GW of reliable, base load power. How does that line up
@Bowenchris
compared to your renewables plus firming?
Global
#uranium
and
#auspol
update! $cxu
#asx
We have us a Mexican standoff. Who is going to blink first?
Global news
1. Spot price sitting stable just above $80; having nibbled a bit upwards over the last week.
2. Following comments from a couple of weeks ago; more chatter (or
Note to
#uranium
investors
#asx
. $cxu
Small moves in Spot driven by a few traders and utilities playing games does not make or break the
#investing
thematic.
However, news from the World
#Nuclear
Fuel Cycle conference in Almaty, Kazakhstan about
@NAC_Kazatomprom
upcoming cuts
Global
#uranium
and
#auspol
update! $cxu
#asx
Just like Arnie in Terminator, baseload is back. That’s the buzzword from NY Climate Week; I wonder how long it takes for the message to get through downunder?
Global news
1. Spot price has ticked up a bit nicely over last couple of
I am now fully refreshed after a holiday in
#Bali
and back to the grind! Pleased to be once again providing an update on
#uranium
and
#nuclear
issues with a particular focus on
#Australia
.
And I am amped for what we have coming up at $cxu; more on that below!
#asx
#nuclearenergy
@theamwu
If I were an AMWU member working in the regions I would be disgusted.
Nuclear provides long term stable jobs with very high skills transfer from coal. Shouldn’t the union be looking after jobs?
Oh. And it uses less water than the already existing water licences from the coal
#ASX
#uranium
market summary! $cxu
Well what can I say? Brutal might be the best word; other words I probably shouldn’t say even on twitter. Confluence of recent factors ($KAP, US recession fears, Nikkei shitting itself) has pushed sentiment down hard across the board. More to
OK
#ASX
#uranium
investors. Lets recap the Kazatom results; and make no mistake this should be very bullish for equities
#nuclear
. $cxu
Guru
@quakes99
has the perfect summary below; but let me just highlight:
1. Increasing costs of production. This is being experienced across the
⚡️World's largest
#Uranium
miner Kazatomprom $KAP's 2023 Full-Year Results📊 Bottom line:
👉Revenue Up +43%
👉Net Profit Up +23%
👉Cash Flow Up +52%
👉Production Down -2%
👉Inventories Down -23%
👉AISC Costs Up +32%
👉CAPEX Up +37%
👉2024 Production Guidance slashed from
@Bowenchris
Funny Chris, many in the community seem more concerned about where the endless transmission lines needed under your Mass Renewables Only Plan are going to go. And what will happen to their power bills.
#Auspol2024
What a mess.
#ASX
#uranium
market summary!
I was travelling in WA last week so missed my regular Thursday update; that just means more exciting news and views today! And its
#Auspol
in over drive!
Global news
1. Spot price still sliding sideways around $82. No love.
2. $KAP results pending
What a week in
#uranium
and
#nuclear
. News summary for all those investors!
Aussie political news relevant to Uranium:
1. Coalition pushes to remove uranium bans to achieve
#NetZero
.
2.
@tedobrienmp
gets more positive coverage at
#COP28
than
#BlackoutBowen
3. Most sensible
Origin exits Hunter Valley Hydrogen hub.
After the failure of the aussie solar panels scheme
After Woodside ran away from bell bay hydrogen.
And twiggy did what twiggy did on hydrogen.
And the US DOE embarrasses CSIRO and Bowen on nuclear.
How much more of this does it take
More sideways movements overnight in
#uranium
; which way will
#asx
head today? $cxu
The most interesting news is coming from
#auspol
!
Global news
1. Spot price still hovering around $86-87
2. Estonian Parliament has joined the club and voted to develop nuclear energy; after a
Relatively quiet in
#ASX
#uranium
land over last couple of days; but the
#wapol
media interest about the ban continues to generate significant headlines. Certainly positive sentiment for the WA uranium players.
See below the daily summary. $cxu
#asx
#nuclearenergy
#investing
Last week I sent an update from
#WA
Parliament House. $cxu
#uranium
#westernaustralia
#asx
#mining
This time it’s from Dumas House, the real engine room of WA Government.
Pressure continues to be applied by our industry to the Government for a change in
#policy
. $toe
I would
Australia's energy minister claims that their renewables plan is making prices cheaper; because prices got cheaper DUE TO GOVERNMENT REBATES.
Renewable electricity is expensive, so we hand out more money to consumers, hence renewable electricity is cheaper. THIS IS HIS LOGIC.
During an international cost of living crisis, with people doing it tough, to have what the Australian Bureau of Statistics has called “the largest annual fall for electricity on record” is a good step forward and an indication that our reliable renewables plan is working.
#ASX
#uranium
market summary! $cxu
Some sense has returned to markets; uranium equities now seeming very over sold; will it be a quick V shaped correction or a slow build back? Again, it’s the
#auspol
scene where a lot of the news is! And we have our first set of
#drilling
Feedback from WNA: There has never been a
#uranium
contracting season commence with the Long Term uranium price already so high.
This cycle will be interesting. $cxu
There is that saying about living in
#interesting
times! Well, indeed we are. So much going on in our industry; its hard to keep up – biggest update of the year below. Mostly a red day in
#uranium
land on
#ASX
Wednesday; following weakness in NA (US inflation data driven); but
This is a step in the right direction!
#uranium
$cxu
Libs fully supportive of uranium mining.
And willing to make an election issue out of it.
Brilliant work
@LibbyMettam
Media is in overdrive about this.
#uranium
$cxu
@ToroEnergyASX
At the very least; the WA public will be becoming much more aware of the issue; absolutely a good thing.
WA public is waking up to how out of date the
#uranium
mining ban is.
Hand in hand with the national debate on
#nuclear
.
Premier Cook did a U-turn (pun intended!) on heritage laws when the view of the people was clear.
He can do the same here.
#auspol
$cxu
#cop28
Link to my
Did the Australian Prime Minister
@AlboMP
just... "mis-speak"? (thats the politically correct term for it if i recall.)
#uranium
#nuclear
#auspol
$cxu
Quote Albo when commenting on nuclear "It doesnt help with the cost of living and it CERTAINLY DOESNT HELP WITH CLIMATE
Russian plans to invade
#Kazakhstan
?
Maybe just rumours or misinformation.
But wow if this were to occur the
#uranium
price would go through the roof. $cxu
Spot price off and a tough few days for
#uranium
stocks, especially on
#ASX
. NA stocks finally showed some green today; so which way will ASX go – follow spot down; or NA equities up? $CXU
Against a backdrop of zero new pounds in the market and increased new builds and future
Very pleased to finally announce the rig is spinning at our Yanrey project; drilling for
#uranium
. $cxu
#asx
We had been delayed due to some quite extraordinary weather, but now its full steam ahead with 25,000 metres to be drilled (a big campaign!). And given we don't have to
Regular
#asx
#uranium
and
#nuclear
market update
So much going on in
#auspol
land for uranium and nuclear; against a backdrop of a short term weak spot price; public holiday on ASX yesterday so will we take a lead from North American stocks which had a reasonable day despite
Significant number of interesting stories coming out of WA here with respect to the momentum towards
#uranium
policy change; a big chunk of the
#ASX
junior land is presenting at the
@VEvents_RIU
conference in
#Sydney
this week.
$cxu
#nuclearenergy
#nuclear
Global news
1. Spot
This is the
#export
of
#uranium
from
#Australia
. $cxu
Happens day in, day out, without incident.
Yet for some reason we can't do it in Western Australia
Pls press ❤️ and reshare to tell
@RogerCookMLA
that you support removing the WA uranium ban!
I urge all sides of the energy debate to listen to Dr Adi Paterson, the former CEO of
@ANSTO
, Australia's peak nuclear scientific body. In my role I have the honour of interacting with Adi; he is the most knowledgeable and qualified person on the position of nuclear in Australia
Please find attached an article published today calling out the inconsistency in Labor party positions on
#nuclear
and
#uranium
mining. $cxu
#ASX
It calls on those workers who are members of unions - to make your views known to your union leaders; and not just sit back and be
@SophieScamps
To suggest nuclear makes a grid more insecure suggests you fundamentally dont understand how grids work. Or what they need, like inertia.
#ASX
#uranium
and
#nuclear
update for today!
I am back over in Gods country (
#WesternAustralia
) for a few days of meetings. Always interesting to feel the different political vibes over here vs the East. Good to see international geopolitical concerns settling down a bit – lets
Bit of momentum sneaking back into the U stocks!
#asx
#uranium
investors. $cxu
#nuclearenergy
FYI; its coming up to school holidays here in Oz; so I will be out of the office for a couple of weeks. So I wont be posting regular market updates until I am back; but will still
Climate change and the push for decarbonisation has finally awoken the sleeping giant
#nuclear
industry.
It is back, and it will be bigger and stronger than ever.
Nothing can match the power density, green credentials, and long term stamina of nuclear.
#uranium
$cxu
G'day All,
For those interested, please see the link below to today's discussion around the uranium mining policy in WA on
@abcperth
radio with Nadia Mitsopoulos and also Mia Pepper from
@uraniumfree
#uranium
$cxu
#nuclearenergy
#auspol
There was a lot more that could have
#ASX
#uranium
market summary!
As the Libs / Nats nuclear policy is digested by the community; there is a whole lot of interesting polling coming out. But whats interesting – yes energy policy will be a contentious issue; but it seem you can’t fool the Australian public and
Broadly a red day for
#asx
#uranium
equities on Monday. $NXG still being hammered for that physical buy notwithstanding positive sentiment about their timeframe to production.
$cxu
#nuclearenergy
#asx
Global news
1. Just as spot looked like it was gaining momentum; a fairly
Here is an excellent critique of the CSIRO’s GenCost report from Judith Sloan in The Australian, today.
“As with all modelling, it's a case of garbage in, garbage out. The assumptions in it range from the plausible to the absolutely ridiculous.”
****ON THE EDGE OF OUR SEATS WAITING FOR KAZATOM GUIDANCE****
North American
#uranium
equities largely positive overnight, but spot down a bit. Expectations on the news feeds of a KAP downgrade have reached fever pitch. Will
#ASX
price in any upside?
Global news
1. Spot price
Horror day for
#ASX
#uranium
yesterday; following on from a weak lead from North American equities. As I have heard many of the U bulls yelling; it’s a good buying opportunity! Nothing has changed with the macro thematic! Although knowing the ASX, things could be interesting
As many will have heard, the Australian Government has launched a surprise Parliamentary Inquiry into nuclear in Australia.
#uranium
#auspol
$cxu
Don't expect anything spectacular from this. This is a
#sham
to give an aura of respectability; straight out of Soviet playbooks.