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 [Music] [Music] I'm Charlotte McLoud with investing news.com and here today with me it's FY Laur founder of the next big rush thank you so much for being here thank you for having me on it's a pleasure really good to be catching up with you after a little while really good to have you back and we're here at V see and you were on stage earlier today I believe talking about how to find companies that can go 10x so I want to start with your presentation and I know you can't go through the whole thing right now of

course but key takeaways that you would want to leave investors with right so one of the themes that I see a lot this year is people coming up to me and asking for specific companies and basically stock tips right when you're starting off uh you're investing uh a activities I guess you want to just know what to invest in and even though I think there is some use to that you know I would recommend people actually pay for their you know newsletter subscriptions and go uh to somebody who really does this as a full-time job and

then pick out what they believe in at the same time I don't think it's the best approach I think the best approach for somebody who's willing to come here or willing to watch these videos after the fact and learn is to figure out how to invest rather than what to invest in because the what will come easily to those people that put in a little bit of effort into figuring out okay what commodity am I interested in because if there's a really great company but it's in I don't know geranium it's great it's

hot it was hot a few months ago but I know nothing about geranium right and so I don't have an edge so everybody else that's investing in that geranium company probably has an advantage over me how am I possibly going to make any profit with that so I would like to invite people to take a step back and and take a look at what Commodities they like and within that you know what are the opportunities that they can find uh based on their personality you know are you willing to trade in and out very

quickly I can't do that always lose money are you going to specialize in Discovery Place early stage exploration or are you more of a Buy and Hold so you want to buy pounds in the ground or you know ounces in the ground and just sit and wait for the market to come to you which is what I like to do because it's easier you know you do a lot of work in the picking uh but then you just sit and wait for a few years and eventually hopefully the price comes to you and then you exit and so there

are a lot of different ways to play this market and a lot of money to be made for sure but the way that I make money is not going to be the same way that the next person will will make that profit so yeah it's just a little bit of of thought that needs to go into to and then when you have that thesis you can walk these floors and just pick out what fits the thesis not the other way around otherwise you're going to be bound to just salesmanship yeah I think I think that's a great way to start this conversation

and a great concept to bring to people here I think as you said the sooner that people realize who they are as an investor the sooner they can start to hopefully profit yeah so and I think this is a good segue into talking about where you have it interest which is of course uranium so I mentioned it's been a little bit of a while since we last spoke I wondered if we can start with a pretty broad question just looking at where are we in the cycle right now for Uranium I believe that where we are in

the cycle of uranium is where we have seen kind of a dance of the fundamental feces in the price of the equities so the fundamental feces was starting to get better and then the equity actually followed that and kind of overshot it right so things got a little bit too hot but we're talking you know 2021 2022 and so that has died down while the thesis has gotten better and better and better and so there's this today this massive disconnect between what we know to be happening in uranium going forward currently and going

forward and what is happening to the equities and there are a few reasons for that uh one of the reasons is that if the spot Market of uranium isn't doing so well then the equities aren't doing so well because a lot of the equities are extremely speculative it's not big money buying it it's people like you and me therefore people look at the spot price because it's the exciting thing that goes up and down and mostly it has been going sideways and down and nowhere so uh with that we have to understand

what makes the price of an equity and so if I want to buy some stock that's you know uh woning companies uh that that have uranium pounds in the ground then I have to think okay uh who are going to be the next few people to buy this off me so that the price is higher and so sometimes it's the excitement of trump coming you know and uh cutting down red tape it's the excitement of the price going up etc etc so I think where we are in the cycle is that the excitement has died off to me um

and put the thesis back into play in the sense that it's so quiet sentiment is down so much that it's kind of like to me it feels the Calm before the storm right it's quiet and eerie and the contracts are being signed at a higher price every single month uh but the retail investor hasn't caught on and so I think that people who haven't gotten into the thesis or are looking to come back to to the thesis I think this is a wonderful opportunity I've never seen such a disconnect and I'd like to you know

remind people that for this next wave of uranium we might have a different Dynamic I would call it because the some of the the potential buyers of uranium might be connected to Data Centers which will power Ai and Tech um based purchasers I don't think they're going to be as cautious as energy companies energy companies they need to create profit in order to pay their dividends Etc they need to be sustainable most of all and tech companies just need to have as much Powers as possible right and

every single week I follow AI very closely every single week there is a massive breakthrough in a every time we see an a breakthrough in AI it means that people are going to use it more and more for everyday things which means we're going to need more power which means we're going to need more uranium so all of this is kind of turning into something much bigger than we could all have predicted so yeah I think it has gone like this and now we're in the little uh curve that is is going to go

up that's my bet yeah and I think that was very well explained I think the question that people will have when you say that is okay so for this in this Calm before the storm period what is the best way to get positioned if you aren't already and I remember from from previous conversations you really like the very small companies is that still where you're focusing yeah I do like the small companies but I don't think it's so much about their size it's more about the disconnect between what they have in

the ground and the size that or the price that the market is giving them so uh one of the things that I am really really excited about is the USA you know because you might be getting uh a little bit of excitement from uh a new Administration plus the fact that um politically in the world right now we're living in in a time when you know it's US versus somebody else whoever that somebody else is kind of doesn't matter as long as there's somebody else to go against and with that you want energy security you

want uh homemade production of pretty much anything that you can get and I think the USA you know has historically had such a powerful Market or such a powerful uh you know production uh profile that we know where all the uranium is in the US uh it's been actually mined and not just figured out you know not just delineated in different projects but we know uh where those projects are but they need to be brought to modern day geology modern day um means of um accounting and it needs to be basically okay with The Regulators

in Canada for us to be able to say hey we have 20 million pounds in in this project and right now companies are working towards that so I think it's kind of a no-brainer like you know the uranium is there it's not about if the uranium is there it's just how much and at what grades and I think that a lot of the US projects are going to start surprising to the upside so and these companies are still very small so one of them and I talk a lot about it because I'm biased you know I I my company have

owns the project but Myriad uranium is a company that has found grade that we had no idea we had in the ground and this is Wyoming safe jurisdiction us um nanoc cap very very small market cap so I see that as a theme a great opportunity and I don't like the aabas Basin which is great if you hit it right but if you don't then you're price is going to languish um you already know what's there um as the people start joining this idea of uranium is a way of investing in Ai and in the future of energy I think that

more and more Americans will want to invest in something that is local and so that's my favorite theme within the thesis yeah yeah I think that makes a lot of sense and I want to talk a little bit more about the whole AI angle because it seems like we had this very positive setup for Uranium even before that entered entered into the discussion and now it's here and it's just building on top of that I thought it was really interesting what you're saying just now about the the tech companies maybe they

won't be quite so discriminatory as like a utility might be so anything to add on AI and uranium yeah so uh one thing to understand is just that AI is not a popular chat bot AI is a technology that if you stop and extrapolate what has happened in the last year or so into the future and realize that whatever you extrapolate is being surpassed so if you plot it on on a graph um everything that you believe is going to to happen growth-wise in in the AI space um and I'm speaking about the actual technology

getting better and better everything is going up like us and what we not we I'm not involved in this but we as a species the human species uh predicted that would happen in the next year or so is probably going to take a few weeks that is the latest which means that um instead of going out there setting up a business and hiring 10 people I can go into a website and set it up myself and create uh those uh I guess robots to do all the work of the 10 people and in some instances depending on the IND indry I can do that

today and I'm not a coder and that is very it should be very worrisome for people who have replaceable jobs it's not going to happen instantaneously and it's not going to happen in every area but it will start to happen more and more and that means that the power that we need in order to back that up is absolutely astronomical and I think it will be um a determining Factor of this race of you know which company's going to dominate The Arena I think they know that energy is going to be you know one

of the do dominating factors because they say that when you input a little prompt in chat GPT uh that takes 10 times the the power that it would take Google to provide the same answer and that's just the chat bot that's not everything else that's coming so yeah I'm I'm excited about that was not in anybody's model until you know uh maybe a year ago Max and now we're looking at something even more interesting so I'm I'm very bullish all forms of energy going into the next decade yeah I think

it was really at this event about a year ago when I started hearing all these these AI Rumblings and I appreciate you saying it's not just these chat Bots because I'm totally guilty of thinking oh another one of those all right but so much more than that so good to go into that and so we've been talking about the demand side free raining but I think also important to take a look at Supply so interesting things going on with Supply as demand is increasing we're seeing major producers struggling to

ramp up or with existing mines geopolitical snags are utilities do you think getting worried what would you say about it Supply right now so utilities are worried in the sense that they need to be concerned about the end of the cycle right so they need fuel in order to power their plants and it needs to be in you know fabricated fuel at as the very last step and as long as they have that short term they're okay um what's happened in the last you know few years is that um let's pretend they keep a

cupboard of uranium it can't exactly be like that for safety reasons but let's say we they keep a cupboard and maybe they used to keep six years worth 5 years worth of uranium and they would take uranium and put it into the next step of production take it back put it into the next step of production until they were able to get the little pellets that they can actually use and so that takes you know 18 24 months and what's happening now is that they focused on buying up the fabricated Fuel and then

you know the gas and everything that comes but after the uranium in the production timeline and they told themselves it's okay if we hold 2 years worth of stock in our cupboard and just take care of everything else that's shorter to midterm and the time will come when they're going to look at the cupboards and they're going to think oh shoot like we need to act now and it seems like the longer they take the more that they're going to have to pile on you know and and fight for the same

pounds which will likely you know that's the thesis that that the price might explode to the upside if they do that in a not so elegant Manner and if they do it in an El manner it will still go up because they still um have a profile of more demand uh going forward and that that's what it's looking like so that's part of the reason why the price has been you know sideways to an extent but at the same time yeah they have they have a very clearcut uh plan and that is to make sure that the plants have uh

fuel that is sourced from ethical places in a timely manner and that it's secure and if the price is right that's that's good but the price is not the only thing that they're looking for and that's I think our opportunity right and we already talked about some of the problems with the spot price and and following it so closely but I I will ask where do you think it is going this year huh I don't know because that was really wrong last year I thought it was going to I thought it

was going to pop last year a lot and uh I want to give credit to loal te G so yeah he was completely right in that it it would uh correct and then it would be a while until you know we we got back to the 157 highs um and he was completely right and you know we're down to 70ish something um I don't know I don't know what's going to be the the thing that brings um utilities back to the table but what's happening in the long-term Market is super interesting in that pounds are getting contracted and the

supply like you asked this just a second ago the supply that people would have modeled analysts would have modeled maybe five years ago I would guess I'm just spitballing here I'm just guessing that maybe 50% of lot was supposed to be online in the next couple of years is not going to happen or at least not going to happen in the next couple of years so you have to take that into consideration that there is less and less of it but there more financial players in this uh uh in this trade as well so sometimes you have

Traders um buying and selling hedge funds buying and selling golden Sachs JP Morgan and and you know um Financial players of all sizes playing in in the market in the spot market and trying to take a guess on when it's going up when it's going down so it becomes very complicated and it makes it a lot harder for their utilities because imagine you absolutely absolutely need to buy your uranium there is nothing nothing else you can put into your plant you can't put copper in it's it's not like other

metals that you can TR trade you know you can switch back and forth between like Platinum Palladium and you are competing uh to buy pounds with JP Morgan and golden Sachs they want their profits and you you need your pounds so you're going to pay whatever it takes um and so that's the play here I don't know um but I would love to see it break our old highs of 100 seven this year I don't know how it would not honestly that so that's my take I think we we touch there um and we

probably break break through that this year yeah I that sounds like a pretty fair statement I think based on conservative yeah based on everything you've laid out okay so I think that gives us a good idea of what's going on in uranium and your thoughts and I always love to hear from you about uranium but I will ask before I let you go any other Commodities or markets that you're watching right now heading forward into this year I always love everything else that everybody else loves copper gold silver you name it um

I'm not into the you know the lithiums and then other uh different things um I just don't understand the market in particular but gold is is pretty fluid and pretty obvious um same with copper very linked to the economy and silver you know following gold uh so I really like all of them I think that if you look at anything else in 2024 and you compare it to crypto the S&P 500 and everything else I think the amount of love that serious projects in this business have received um versus what

they're achieving and advancing is just a disgrace it's uh very very little and that's uh it feels like the Cal before the storm but it's I was actually mentioning this in my talk there is is the quiet and then there's the awkward quiet which is I think where we are right now which is like we have talked about things been quiet for so long that it gets awkward it's like here we are again talking about how things are going to get better this year right and when you don't want to do that anymore that's

why I didn't talk about uranium in my talk I'm like hey guys I'm the uranium person and I'm not going to talk about uranium this should tell you something and they may present an opportunity so this is what I'm going to tell your viewers I'm not talking about urum in this uh particular talk and this should signal something it was when a very famous silver person stopped talking about silver that I knew it was going to go up and that's how that's exactly what happened so yeah sentiment

matters yeah I think I think that's a very good way to sum it up and I had that moment myself with one of my co-workers today that awkward M okay we're here again it looks very familiar so I think that's a great point to wrap it up on and just leave people to sit with that did you have any final things you would end with this is it uh just basically know thyself and make sure that your Investments are not somebody else's ideas and somebody else's convictions just make sure that you know

what you're buying to a certain extent you can't know everything that goes on behind the scenes but make sure that you're happy with what you hold in the moment that you ask yourself would you buy this again today in the answer is no and I'm preaching to myself by the way so this is why I'm saying this um then it's time to sell okay all right we'll leave it there really good to have you back and yeah have a good rest of your show thank you so much of course and once again I'm Charlotte McLoud with

investing.com and this is fabula with the next big rush thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]