Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
Uranium Market Update: Implications of the Russian Uranium Ban Bill and Insights from Kazakhstan
Our analyst just returned back from Kazakhstan on a fact finding mission, so combined with a few earnings updates, we figured an update is in order.
Before we jump into scuttlebutt from Kazakistan, let’s go over some recent developments in the uranium market that caught our attention. The big one, obviously, is the Russian Uranium Ban Bill that passed. You probably read 788 twitter thread and watched 15 hours of YouTube videos, so we are not going to waste time, just wanted to give you our quick take. Since the US utils. got their waivers until 2028 this ban is a giant nothingburger.
Only upside is, now balls in Putin’s court, and if he decides to turn up the heat on NATO and the west by banning all natural and EUP uranium exports to the West, boy aren’t we in trouble.
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Kuppy’s Tweet of the Week
$VAL being the best rund offshore player…
Chart and Kliff Note of the Week
The Clothing Rack-as-a-Service business, $PTON, announces that Barry McCarthy will step down as President, CEO, and member of the BOD. The Board has commenced a search process to identify a new head and used this opportunity to announce the culling of 15% of PTON’s workforce, targeting $200m of yearly savings vs $2.7bn of TTM revenues.
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Friends of KEDM
- Last week, Kuppy was on the Taylor Made Macro podcast, discussing inflection points in cyclical businesses.
- Switching gears back to #Uranium, Uranium Insider provided an explanation to the Russian uranium ban in this interview.
Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!