Personally I think there's still a lot of runway for growth here. You'll surely see losses in the short but just remember that they're unrealized losses so long as you do like En Vogue said and "Hold On!!" 😁
Thanks for the write up Steve. I’m skeptical on Microsoft specifically since MSFT is a software company versus AAPL, who is a hardware company and has a reason to invest in MP. MSFT will need power for its data centers, but I do not see the connection to metals. There are other big players in tech so I would not discount them. I still very much respect your analysis, just adding some extra thoughts for conversation.
The rare earth elements processed and separated by many of the companies Steve listed are the base material for many of the servers you mention. They are used for semiconductors, GPU’s, etc. and the magnets are used in cooling systems, energy production for server farms (nuclear and renewable). The list goes on for miles. If Microsoft does not invest directly I could see OpenAi doing it as they have huge capital expenditures for plant build-out.
Steve - That is a great point. Sometimes the simplest answer is best. Microsoft is a big five $4 trillion dollar mega-corp. They don’t wouldn’t even conference call into a meeting they thought was pointless let alone send an executive team to D.C.
@Steve Zissou Which meeting are you referring to about the minerals cabinet? I know there was a recent meeting with tech leaders and the President where some leaders like Meta pledged to invest $600 billion to the US.
Reuters article attached was the meeting. Came back to this because I just remembered that Microsoft will also have a connection though maybe not directly to uranium as they recently invested in the revival of Three Mile Island nuclear plant for electricity for their servers. Not sure if Energy fuels will be the provider but MSFT and others are going to be investing in more and more in small modular reactors as well as legacy ones like TMI here.
Thank you. A question, I see you are underweight on LAC: are you pessimistic on incoming catalysts or just you did not rebalance your positions after the run up of bigger tickets like UUUU or MP in your portfolio?
I think it’s a long hold - we may see lithium controls that will bump it shorter term. But largely speaking lithium isn’t in as high a demand as a lot of the other materials.
Do you think UUUU, MP and USAR are worth buying into at current prices or is it worth while to wait for a pullback? I believe in their long term fundamentals but can’t help but think they’re currently riding on speculation that will lead to a correction
Ultimately they will run higher. Short term is your guess just as much mine! I’m sitting on 1.4 million extra capital and every day I wonder whether to throw it in now already or ride what I’ve already got. But if you’re going long term, well -
Can’t imagine the stress. Haha. Think I’d have thrown it in at $5 mil and gone and lived on a beach for the rest of my life. Fair play for holding firm.
Feels so sad to have sold UAMY at $4 and UUUU at $10 :(
But hey, it’s my first investing year and I have so much to learn it’s crazy. At least my biggest investments are also well in the green, so it’s not a total despair.
Next time I will stay patient and listen to smarter than me :) Congrats on your gains Steve!
At least I will keep WWR as a very speculative bet.
Excellent information as always, thank you!
Great write up Steve.
BABE STEVE HAS POSTED GET THE WALLET AND SMASH THE PIGGY BANKS
Thank u, Steve. I just jumped in. Hope not too late to the party.
Personally I think there's still a lot of runway for growth here. You'll surely see losses in the short but just remember that they're unrealized losses so long as you do like En Vogue said and "Hold On!!" 😁
As always, thanks again for this great analysis Steve and also your position is really now snowballing! Congrats!
Thanks for the write up Steve. I’m skeptical on Microsoft specifically since MSFT is a software company versus AAPL, who is a hardware company and has a reason to invest in MP. MSFT will need power for its data centers, but I do not see the connection to metals. There are other big players in tech so I would not discount them. I still very much respect your analysis, just adding some extra thoughts for conversation.
The rare earth elements processed and separated by many of the companies Steve listed are the base material for many of the servers you mention. They are used for semiconductors, GPU’s, etc. and the magnets are used in cooling systems, energy production for server farms (nuclear and renewable). The list goes on for miles. If Microsoft does not invest directly I could see OpenAi doing it as they have huge capital expenditures for plant build-out.
Osteotome said it well - and there is a reason Microsoft was in that cabinet meeting with those critical minerals companies… time will tell!
Steve - That is a great point. Sometimes the simplest answer is best. Microsoft is a big five $4 trillion dollar mega-corp. They don’t wouldn’t even conference call into a meeting they thought was pointless let alone send an executive team to D.C.
@Steve Zissou Which meeting are you referring to about the minerals cabinet? I know there was a recent meeting with tech leaders and the President where some leaders like Meta pledged to invest $600 billion to the US.
https://www.reuters.com/sustainability/land-use-biodiversity/trump-administration-expand-price-support-us-rare-earths-projects-sources-say-2025-07-31/
Reuters article attached was the meeting. Came back to this because I just remembered that Microsoft will also have a connection though maybe not directly to uranium as they recently invested in the revival of Three Mile Island nuclear plant for electricity for their servers. Not sure if Energy fuels will be the provider but MSFT and others are going to be investing in more and more in small modular reactors as well as legacy ones like TMI here.
https://www.npr.org/2024/09/20/nx-s1-5120581/three-mile-island-nuclear-power-plant-microsoft-ai
Quick question, do you think the catalyst will hit by 1/26 or should I go for 4/26 options? Thanks Steve!
Thanks for the update
Appreciate the update Steve! Great post
Hi Steve, if you had to pick the top 3 companies to invest in from this, which ones would they be?
Probably, UCORE, UUUU, and ABAT . I guess
You’re the best Steve. Thank you for the write up and positions.
Do you see the High Seas Treaty that was recently passed by the UN being an impediment to TMC?
Thank you. A question, I see you are underweight on LAC: are you pessimistic on incoming catalysts or just you did not rebalance your positions after the run up of bigger tickets like UUUU or MP in your portfolio?
I think it’s a long hold - we may see lithium controls that will bump it shorter term. But largely speaking lithium isn’t in as high a demand as a lot of the other materials.
Thanks for your reply!
Holy shit you are gonna be rolling in it tomorrow
Do you think UUUU, MP and USAR are worth buying into at current prices or is it worth while to wait for a pullback? I believe in their long term fundamentals but can’t help but think they’re currently riding on speculation that will lead to a correction
Ultimately they will run higher. Short term is your guess just as much mine! I’m sitting on 1.4 million extra capital and every day I wonder whether to throw it in now already or ride what I’ve already got. But if you’re going long term, well -
I noticed the change on the LAC trim and increased ABAT, is this a long term play or will you enter LAC again? Thank you
I think LAC has ties with China. If so, I’ll be dropping my positions. Doing some digging
Hope you didn’t close positions yet! https://www.reuters.com/business/autos-transportation/trump-administration-seeks-equity-stake-lithium-americas-amid-loan-talks-2025-09-23/
👀
Steve! I followed your position downsize this morning, but I think will de-hype tomorrow. Will you re enter? Thanks for any reply 😃
Can’t imagine the stress. Haha. Think I’d have thrown it in at $5 mil and gone and lived on a beach for the rest of my life. Fair play for holding firm.
Thank you for all the encouragement, Steve! Two questions if that’s okay?
1. Do you generally do LEAPS or short plays when you choose options?
2. If you see potential catalysts worthy of a short or LEAPS will you consider sharing ?
Thank you as always!
Both leaps and short term plays! I skew a quarter out. I will share any particular catalysts beyond these as they come to my attention!
Feels so sad to have sold UAMY at $4 and UUUU at $10 :(
But hey, it’s my first investing year and I have so much to learn it’s crazy. At least my biggest investments are also well in the green, so it’s not a total despair.
Next time I will stay patient and listen to smarter than me :) Congrats on your gains Steve!
At least I will keep WWR as a very speculative bet.