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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (72423)2/25/2023 11:26:05 AM
From: FIFO_kid22 Recommendations

Recommended By
nicewatch
Spekulatius

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Uranium currently is a very weird meme like sector priced ahead of itself IMO but the Sprott uranium trust has purchased a bunch of uranium in the past year and a half to force the price of the commodity higher to a little over $50/ lb and 100% higher.

The problem currently with uranium with exception to Kazatomprom and perhaps the enrichers in the sector is not a value proposition. At the current price deck technically there only 2 potential sources of profitable mining operations. The mines from Kazatomprom or Nexgen's arrow deposit which is undeveloped. If you don't know anything about the sector buy the enrichers LEU or perhaps SILXY given they are government protected monopoly businesses without any major restrictions.

LEU used to be USEC and the company was bailed out by government in bankruptcy approximately 6 years ago without any detrimental effect to shareholders much like Lockheed was in the 1970s and you know the rest of the story there.

I have to thank Lloyd Miller III who since then has passed away for USEC who ran a family office of primarily small/micro cap deep value stocks to lead me to it as he filed a 13 D for it at the time near its nadir and was extremely successful with companies especially related to commodities. He also picked Crocodile Gold which changed its name to NewMarket then was sold to Kirkland lake and in aggregate ended up to be a 120 bagger in 5 years time given the success at the Fosterville mine find at the Swan Zone. So I think he had really good connections with people related to the sector.

This is off topic but my biggest mistake of 2022 was not paying attention to UIHC's 8K filed in December which solidified its probability of its going concern risk being eliminated and after seeing the strength of UVE's Q4 report yesterday to me signifies a major turn in the property and casualty sector for those specializing in Florida. What hasn't really moved higher in percentage terms was HRTG where it was recently and suspiciously downgraded to hold just as insiders were buying the stock. HRTG reports Thursday.
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