Yellow Cake pleased with June quarter performance

Sharecast graphic / Josh White Yellow Cake

Long-term uranium investor Yellow Cake reported an estimated net asset value of 434p per share, or $964.5m, at the end of its second quarter on Thursday, consisting of 18.81 million pounds of triuranium octoxide valued at a spot price of $50.50 per pound, and cash and other current assets and liabilities of $14.8m.

The AIM-traded firm said that during the three months ended 30 June, it took delivery of 2.97 million pounds of triuranium octoxide, funded with cash at bank that was already earmarked.

It exercised its option with Kazatomprom to buy back 2,022,846 pounds of triuranium octoxide from Kazatomprom at a cost of $43.25 per pound, or $87.5m in total.That was received by the company at the Cameco storage facility in Canada on 19 May, in accordance with the agreed delivery schedule.Under Kazatomprom’s offer of 26 October 2021, the firm also entered […]

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