u/expatcoder

Apparently the bottom was not in.

UUUU is outperforming its main peers in uranium (CCJ, UEC) and rare earths (MP, USAR) to the downside as well, so this isn't entirely a "the market's red day" event.

Given the obvious weakness in the stock I'm wondering how low this going to go before the bottom is in. $9, $8, $7, lower?

It seems absurd for a stock that has traded at near $27 on three separate occassions in the last year to be trading in the $10 range, much less seemingly at risk of going much lower, but the market has made its verdict, and apparently UUUU is overvalued even at these new 52-week lows.

What are we thinking for a "bottom is in" price range?

Also, seeing UUUU and UEC approach parity is definitely eyebrow raising, but Energy Fuels' management is going all-in on the mine to magnet pivot, and the market is absolutely punishing the stock as a result.

So, apparently by end of the month we'll be uplisting to the Nasdaq, which is great, finally we'll have some volume on the ticker (with options trading enabled to boot) and massively increased brokerage coverage.

Now, other than increased investor reach, why bother with jumping through the regulatory hoops to uplist? Money, management is having a hard time raising capital on a thinly traded ticker, and is uplisting in order to access the much larger US capital markets.

Yes, the flotation plant isn't going to manifest out of thin air, and we're going to need more capital to fund the build out whether we uplist or not. That's primarily what the uplisting is about, and is, IMO, a good thing, as otherwise, remaining solely on the CSX and OTC is a long road to obscurity (and likely failure) for the business.

No idea what to expect when the uplist happens, but I suspect that James Walker will go on a serious PR campaign, pumping the stock with Metspar production, (and related soon to be binding) offtake agreements, DoD contract fulfillment for Acidspar ("just around the corner" as JW likes to say), mining expansion, etc.

In other words, not expecting any impactful news before the uplist, but I'm going to stick around and see what happens since here in OTC land we're treading water at best. At least on the Nasdaq there will finally be some volume to work with, and as mentioned previously, options to trade.

Good luck all, JW has gone silent during the uplisting blackout period so all we can do in the interim is try to game out how the uplisting is going to go :)

Incredible stretch here, UUUU is getting destroyed on the daily, just pushing straight through resistance with ease.

Looking at the price you'd think the bottom is in (particularly with its rare earth peers MP and USAR solidly in the green today despite the general bloodbath, and CCJ + UEC both down much less percentage-wise) but there is little to no bounceback as we sit well below the lower bollinger band for the third day running.

Curious what others think about the current trend, where we're heading the rest of the week, and what price range you think we'll hit before bouncing back (hopefully today marks the bottom somehow).

Obviously there's the Trump - Xi meeting (if it happens) which could present more downside risk, but by the end of the week we might be so ridiculously oversold that any negative headlines from the summit meeting should be fairly muted.

Amazing that we're even down in this price range to begin with, market clearly views Energy Fuels as a worthless company on the verge of Chapter 11 the way it trades of late -- the vultures (shorts and put holders) really come out with a vengeance when UUUU starts trending downward...

Just looking ahead beyond today's red, and am wondering when the FID will be made?

Previously it was, I believe, scheduled for Q2, but then that got pushed back to Q3.

Anyone hear any news on this front? Would be nice to have a substantial positive catalyst here in the near term (as the ASM deal closing didn't do much :)) since it's likely going to be Q1 2027 at the earliest before the Vac deal goes through.

You have to hand it to the big players, retail gets lured in with yesterday's Energy Fuels news release and chases the momentum going long with shares and/or calls.

Then today, after the markets went red, the big players stepped in and took the opposite side of the trade, drilling UUUU into the ground (nearly 10%), well beyond most of its peers in the uranium and rare earths sectors.

As soon as UUUU hit the 50dma average (exactly, no more, no less), voila, the bottom.

Now, after momentum chasers and short term call holders fled for the exits, magically UUUU begins to recover into the close.

Good stuff, practically Oscar worthy, lol.

p.s. not disputing that UUUU went down today, most everything was red, just pointing out that the degree of the selloff, after the company announced the Japan offtake agreement, was way overdone.

Let's talk about the call and where things go from here.

Sounds like Metspar production is finally approaching; here's the Facebook thread

James will be giving a "firm" production start date in the coming days. Looking forward to a fixed roadmap, rather than ongoing uncertainty around when the company will actually start producing revenue.

Generally speaking over the past year the longest downward stretch we've had has been around 2 1/2 months, and with a week to go before reaching that mark we're getting close now.

Obviously the macro environment will have a lot (everything?) to say about where UUUU goes from here, but looking at next week as a possible trend reversal with UUUU and its uranium peers starting to climb higher again.

That, or we're simply absolutely toast, lol :)

Conditional use permit for Industrial/Manufacturing activity, which I take to mean Metspar/Acidspar production since they've already got the mining permits and have been stockpiling ore.

Assuming the vote is passed successfully (i.e. in favor) then that marks the go ahead for Metspar production, assuming that work crews can get the lumps plant completed, test runs run, and then kick off the first production run.

Hopefully this all comes together by end of summer, but we probably won't hear a peep from our CEO on the matter until the very last second :)

Giving it until end of year, if no substantial progress has been made with respect to Metspar/Acidspar production, tax loss harvesting it will be for ARSMF...

Curious to hear what other Ares investors think about when Metspar production will begin.

Since our CEO is famously non-committal around such taboo topics, and all we have to go on are snippets like the lumps plant being "95% complete" (from RCTV interview fully 3 months ago), perhaps we can guesstimate how far off production actually is.

The most recent update indicates that they're still working on the plant ("To bypass external supply chain delays on required piping, our team is installing locally procured Schedule 40 piping networks"), and James' last production reference was from the aforementioned RCTV interview in early April where he counters the interviewers statement that production will begin by end of year with, "oh, no, much sooner, just a few months", which is the classicly vague "committment" we've come to know so well coming from the Ares commander in chief.

Saw another redditor state that a lumps plant test run would be happening by mid-July but didn't see a source for the claim.

My guess is by September maybe the plant will be ready to go, and if there are indeed these mysterious customers (who are they?) anxiously lying in wait to get their hands on Ares' precious Metspar, then maybe this fall we'll, gasp, see first revenue.

Have my doubts though, even with such an absurdly low bar as producing low grade (minimally processed Flourspar) product, I think somehow James is going to go full "dog ate my homework" and production won't happen until end of year.

Feel free to counter my skepticism; this investment has me feeling pretty sour on JW's capabilities in running a company anywhere but directly into the ground; see his other masterwork, Nano Nuclear (NNE), for the track record of "success" :)

That's the dream, any recent progress on this front?

Have been away for awhile but I know that Scala Android was brought back from the dead by makingthematrix, albeit with a dependency on Gluon, and on the iOS front there really isn't anything short of React Native or other JavaScript-to-native option.

It's a big ask obviously, but it would be amazing to be able to just write Scala and deploy to various platforms.

Open to any and all suggestions, including AI Scala-to-X translators, or other means to stay in Scala land as much as possible.

Have been thinking about the various pieces to the Ares puzzle that will (hopefully) get us into production sooner than later.

Ares has been working with Provo Mining since the beginning; these guys do the actual work, from preparing the Lost Sheep mine to building out the production plant infrastructure (staging, electrical, etc.).

Then Bob Li's group supplies the processing equipment, and in the case of the flotation plant, the expertise to optimize refined Acidspar according to DoD specifications, and ensure expected throughput (i.e. be able to produce at scale).

Sorbie Bornholm has been one of the primary capital providers, and are part of the reason why site construction continues.

Department of Defense awarded the (upwards of) $250,000,000 contract to provide Acidspar to the military, with payments made on successful delivery of product according to specified purity (see Bob Li's expert group above). And then there's the Metspar market, which James Walker recently said customers have visited the site and are presumably looking to buy product from Ares as soon as available.

These are the main components that make up the Ares thesis, and it's certainly a compelling project, the potential is clearly there, but now James Walker and co. need to step up to the plate and deliver.

It seems like Metspar production is near, the lumps plant is effectively complete, so as far as we shareholders can tell everything is very close to being ready to go. And production is likely the only catalyst that is going to drag us out of the mud share price-wise, since Ares is a pink sheet CSX stock that gets zero passive index buying and institutional interest (other than Sorbie) to help buoy the stock.

Curious to hear what others have to think about Ares moving forward and what else other than the above will help to right the ship.