Markets smash nuclear, uranium and rare earths. Ouch!! Luckily no margin trades. Did buy a few specialty mining stocks
Portfolio News
In a week where S&P 500 dropped 1.63% and Europe dropped 0.4%, my pension portfolio dropped a whopping 6.85%. Seems that all the nuclear and rare earths bears came together to smash those markets. Largest value loss was in NuScale Power Corporation (SMR) down 32.4% - also the largest percentage drop in stocks. The big numbers came in the options positions - sold puts and long calls. Eight other uranium stocks dropped more than 20% (1 on ASX, 3 in US and 4 in Canada)
Big movers of the week were Mayne Pharma Group (MYX.AX) (15.3%), Solstice Advanced Materials (SOLS) (12.6%), Earths Energy (EE1.AX) (12.5%), JinkoSolar Holding Co (JKS) (12.3%), Zinc of Ireland (ZMI.AX) (11.1%). 5 stocks going up more than 10% in the week tells you everything about the week.
US markets had an uncomfortable week with the government shutdown entering record length, something of an AI selloff and a weak jobs report. More concerning was the massive selloff in uranium, nuclear and rare earths - seems the market got ahead of itself the week before. These are long lead time topics and they cannot deliver outcomes in the short term.
Crypto Bumbles
Bitcoin price pushed lower finishing the week 1.3% lower than the open with a peak to trough range of 8.5%.
Ethereum price pushed lower harder finishing the week 3.5% lower than the open with a peak to trough range of 18.8%. The sellers were in charge
With that sort of downdraft was not expecting altcoins to do well at all - a few surprises rolling in the week after the dates for this report. Polkadot (DOTBTC) pops 44%
The Graph (GRTETH) does 47% giving back half
Holo (HOTETH) pops 53% giving back a bit more than half
Internet Computer Protocol (ICPBTC) goes 155% giving back half also
And Uniswap (UNIBTC) goes 100% giving away around 20% of that.
Nuclear Energy Holdings
A few small additions but the biggest news is the 17% drop in valuations - ouch!!!!
Mix of holdings sees a few small changes. Cameco Corporation (CCJ) rises one place into slot 4. Sprott Junior Uranium Miners ETF (URNJ) and IsoEnergy Ltd. (ISO.TO) swap places int slots 9 and 10, Share of portfolios drops nearly 3 points to 27.6%
Holdings by stage shows small changes - seems the sell off was broad-based across all the stages - share of Technology did go up 0.3 points.
Alternate Energy Holdings
No changes in holdings but a 2.9% drop in valuations
Share of portfolios rises to 6.6%. A few changes in mix - most noticeable is 3.2 points jump in valuation in JinkoSolar Holding Co (JKS). Clearway Energy, Inc. (CWEN) jumps two places into slot 4. Largo Inc. (LGO) and ChargePoint Holdings, Inc. (CHPT) swap places in slots 4 and 5.
Bought
Solstice Advanced Materials (SOLS): Specialty Materials. Received a small parcel of shares following the spin off of the advanced materials business inside Honeywell International (HON). Rounded up the holding to 100 shares in the hope they do list options for writing covered calls. Shares popped 6.5% on debut on Nasdaq and inclusion in the index. What do they do?
Our refrigerants keep food fresh, and our ballistic protection fibers save lives. We produce semiconductor materials to help the world stay connected, and our healthcare packaging ensures medication stays effective for patients.
https://www.solstice.com/us/en
A little more about the spinoffs. What I am really interested in is the piece that contains Converdyn - the uranium processing facility. Hard to tell where it is going - the data is so opaque
Honeywell Automation will be a pure play automation leader solving the world’s most complex problems and powering digital transformation globally. Honeywell Aerospace will be a premier technology and systems provider for all forms of aircraft as one of the largest publicly-traded aerospace suppliers. Solstice Advanced Materials will be a sustainability-focused specialty chemicals and materials pure play serving growing, regulatory-driven markets.
https://investor.honeywell.com/investor-resources/about-our-spin-offs
Panther Metals (PNT.AX): Base Metals/Gold. Company announced a rights issue at a 20% discount with a record date ahead of the announcement. Bought a parcel of shares in personal portfolio to be able to buy extra shares at that discount - 27% discount on what was paid for this parcel. Was already holding a parcel - averaging down as well
Yunnan Tin (000960.SZ): Base Metals/Tin Mining. See the analysis below on the sale of Metals X (MLX.AX) - added in a small parcel in personal portfolio to close the gap
Lodestar Minerals (LSR.AX): Rare Earths. Next Investors idea based on appointment of two experienced rare earths managers to their team - one from MP Materials Corp (MP) and one from Lynas Rare Earths (LYC.AX) - two of the world's leading rare earths producers outside China.
diversified explorer with a global footprint. From critical minerals and gold in Chile, to rare earths through the Virgin Mountain Project in Arizona and gold at WA’s Ned’s Creek, Lodestar is uncovering tomorrow’s resources today.
https://www.lodestarminerals.com.au/site/content/
NuScale Power Corporation (SMR): Nuclear Technology. Price has dropped harder than other nuclear tech stocks. Cost base on existing holding is a tad high and have a November expiry 37/42/34 call spread risk reversal that will see the sold puts (34) go to assignment if this does not recover. Made some adjustments to lower cost base - step 1. Buy a parcel of stock to average down. 2. Sell a covered call above the sold put strike for 1% return with 15.6% coverage. 3. kick the sold put down the road for 17% profit on the buyback and 30% cash positive. 4. For next week sell the bought call (37) to recover some premium - have enough stock to cover the sold call (42) and 5. Set up another call spread for a few months down the road.
Sold
Booking two sales in personal portfolio missed the previous report.
Metals X Limited (MLX.AX): Tin Mining. Locks in 97.7% profit since July 2024. Stock idea based on a tweet highlighting a 15% supply deficit. Post at the time suggested potential for a 40% uplift. See TIB715.
In that post made a comparison with the tin majors - rerun of the chart shows Metals X was the best choice by far. There is another 40% uplift if there remains a deficit by investing in the industry stalwart - Yunnan Tin (000960.SZ)
Resolution Minerals (RML.AX): Rare Earths. Took advantage of the run up to take out original capital and lock in blended profits of 148.8% since June/September 2025. Next Investors idea
Agricultural Bank of China (601288.SS): Chinese Bank. Closed out for 125% profit since September 2018 - used the proceeds to buy the tin company above.
Cryptocurrency
Bitcoin (BTCAUD) Somehow managed to transfer AUD funds into CoinJar account in error. Used the selloff in Bitcoin to deploy the funds - will be used to fund the autoinvest plan I am working on for my two granddaughters.
Chart shows the two most recent purchases - 10% difference between the two in the space of two weeks.
ASX Portfolio
The segment reports trading in ASX fractional share portfolio. Trade entries are made based on stock screens looking for undervalued stocks (price to book, price earnings, price to sales) that are showing technical signs of breaking a downtrend. Exits are made at 35% profit or 25% if 52 week high is lower than 35% advance. New buys are in $500 lots. Scale ins and top ups in $250 lots
Top Ups
Dominos Pizza (DMP.AX): Restaurants. Dividend yield 4.08%
Chart shows price bottoming out and reversing off a level. Company restructured debt structures in the week - that helped the sentiment. Will be looking for a breakeven exit.
AutoInvest
Increased allocation to uranium stocks. $600 spread across 4 uranium stocks, one gold ETF and two index ETFs
Uranium
- Silex Systems Limited (SLX.AX): Uranium Enrichment.
- Global X Uranium ETF AUD (ATOM.AX): Uranium.
- Deep Yellow Limited: Uranium.
- Elevate Uranium (ELV.AX): Uranium.
- Terra Uranium (T92.AX): Uranium.
Indexes
- VanEck Gold Miners ETF (GDX): Gold Mining. Yield 0.53%
- Vanguard Australian Shares Index ETF (VAS.AX): Australian Index. Yield 3.06%
- Vanguard MSCI Index International Shares ETF (VGS.AX): International Index. Yield 2.50%
Started the process of auto-investing for my other two children - only fair that they get a share similar to what I am doing for my granddaughters. Focused this one on ASX listed uranium stocks plus one ETF.
- Bannerman Energy Ltd - Namibia explorer
- BetaShares Global Uranium ETF (URNM.AX)
- Aura Energy Limited - Mauritania developer plus Sweden explorer
- Cauldron Energy Limited - Western Australia explorer
Income Trades
Covered Calls
2 covered calls written - both US and both in pension portfolio.
Naked Puts
Sold puts happy to own at lower prices
- Largo Inc. (LGO): Graphite Mining. Return 14% Coverage 11%
- POSCO Holdings Inc. (PKX): Korean Steel. Return 1.6% Coverage 2.9% - interest is in lithium plays
Kicked the can down the road on sold puts likely to be assigned
- Cameco Corporation (CCJ): Uranium. 82% loss on the buy back. 16% cash positive. Return up to 7.28%
- NuScale Power Corporation (SMR): Nuclear technology. 17% profit on the buy back. 30% cash positive. Return up to 23.7%
- Fiverr International Ltd. (FVRR): Internet services. 18.8% profit on the buy back. 14.7% cash positive. Return up to 8.1%
Credit Spreads
Two new spreads added on stocks happy to won.
- BWX Technologies (BWXT): Nuclear Technology. ROI 38.9% Coverage 5.5%
- Novo-Nordisk (NVO): Pharmaceuticals. ROI 59.2% Coverage 1.5%
Exercise risk is well with the margin available. Total risk is a bit high - this will scale down at the next expiry
Resources
Cautions: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas
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November 3-7, 2025