Argentina for Uranium. 🇦🇷
In this article, I want to focus on uranium in Argentina. Am I investing in any stocks here? Why or why not? How have boots-on-the-ground, in-person meetings shaped my views.
I bought my first uranium stock around seven years ago. I was way too early, but after learning about the thesis from while living with Trader Ferg in Bali back then, it was a lonely trade where most people laughed at it when I mentioned it to them.
As a young geologist who refused to go down the Australian dream of taking on heavy debt to buy a house and Toyota Land Cruiser, I got hooked on the uranium fundamental story at the time:
Powerhouse China is choking their cities with fossil fuels and will require a clean baseload energy source.
Simple supply-demand fundamentals are easily mapped out per reactor - either the uranium price goes up or the lights go out on 10% of the world's power (20% in the US) - Rick Rule and Mike Alkin.
ESG backflipping and adopting uranium as a green source of energy.
ASX-listed stocks (from Ferg) with assets priced so low that it was as if they were drilling aircore holes for gold next to guerrillas in West Africa, all while having no debt.
All this was pre-SPUT launch, Japan restarts, and the world just waking the fuck up*
Fast forward 5 years, and I was able to make meaningful returns on those stocks which largely led me to the decision to quit my job. Fast forward an extra 2 years and uranium fundamentals just keep getting better, I’m still holding stocks but as an Australian “lifestyle refugee” set up in Buenos Aires, Argentina enjoying a few steaks and wines.
In short, I owe a bloody lot to uranium stocks!
Like many other commodities, Argentina doesn’t produce a single pound of uranium but has notable reserves on a global scale, with a ton of potential to add more.
In this article, I want to focus on uranium stocks in Argentina.
Am I investing in any here? Why or why not?
I found this one tough to write as I kept changing my mind the more information I found out.
I’ve met with a company a few times, and the process has helped me learn how not to operate in Argentina.
This company will probably come into play shortly as they’re about to list in Australia. Their main projects are in Argentina, uranium is gaining more retail traction, and the management includes a couple of well-known heavy hitters.
I’ll share it all in this article.