Lot going on at the moment. Many possible Black Swan events around for Uranium at the moment and spot price looking for a new high.
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Totally agree. The damage has already been done - this morning's wave of coordinated announcements to shift away from RU energy dependence paint a clear picture.
Haven't yet gotten into miners, still too much concentration risk for my time horizon on this. I am, however, comfortable adding more RYCEF around the $1.35 mark.
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Also, some positive news on Rolls Royce. Fits perfectly in-line with the geo-pol conflict. It's not going to be the timliest process, but, I saw a nice bump in price off this headline and it fits the energy dependence rhetoric very well.
I'm not sure that this conflict is great for citizens' perception of nuclear, which has been an issue in the past and a big part of the anti nuclear rhetoric. I'm also not sure that the conflict is bad for citizens' perception of nuclear. All the (justified) panic over RU shelling Europe's largest nuclear plant and nothing serious has yet to come of it - may shed some positive light on resiliency and crisis management.
Great post. Hope your positioned well. Most of my opinions are on Twitter @redstonemacro now but check in here every now and then. There are so many multipliers here and the Russian ban on Uranium would be a big one.
