Updates

Yellow Cake

December 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Yellow Cake, which is slang for processed uranium ore, was a front page write-up at 241p in December 2018 and after a slow start the shares have rocketed towards £4.The business purchases uranium oxide, used to fuel nuclear power plants to make electricity, which it stores securely in a Canadian warehouse. It initially purchased c. 8.4 million lbs, equivalent to 5% global production in 2016, made mostly at US$21 / lb. The price has since rocketed to US$43 (having briefly touched US$50). The World Nuclear Association said the world’s 440 nuclear reactors require 79,500 metric tonnes uranium oxide each year and forecast a 26% increase in demand from 2020 to 2030. On top of that, there’s increasing demand to feed new ...

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Yellow Cake - Pure play on soaring uranium prices (March 2024)

Yellow Cake - Net zero driving uranium demand higher (August 2023)

Yellow Cake - Exciting play on emerging uranium boom (June 2020)

Yellow Cake (June 2019)

Yellow Cake - Best vehicle to play resurgent uranium price (December 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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