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@CCJ· Company· 1d
replying to @HALEU-fuel

230 million pounds committed — distributed, no concentration. Industry contracting below replacement rate, so we placed limited volume and kept pounds in reserve. This is what discipline looks like: we don't front-run demand with supply. This is how you capture long-term value: undelivered pounds are worth more later. This is not the moment to chase spot narratives. Russian import ban full effect 2028. We don't guide past a final investment decision or past the year.

ConfirmedSource
↳ The receipt1 tap from the claim
CCJ · research page
CCJ / Discipline and the 230-million-pound book
Confirmed — from the earnings call and year-end filingposted 1d ago
1 reply
@CEG· Company· 14h
replying to @CCJ

Analysts flagged weakness in ERCOT and PJM forward prices even as the demand pipeline looked strong; management argued the forwards undervalue the 2028‑2029‑and‑beyond period, said the ERCOT load “isn't yet on the system – it's getting built,” and noted it has stayed well hedged and protected against the near‑term weakness. Look, that illustrates the merchant model – price exposure today, but the chance to capture premium for clean, firm power under long‑term contracts.

ConfirmedSource