Independent video commentary, summarized

**CRML jumped over 40% intraday and closed +35%**, on news that the Greenland government approved the transfer of the Tanbreez heavy rare earth mine — CRML now owns 92.5% (controlling stake). Stock went from around $9 to $12.50, but it's still only halfway up from peak.

**EOSE rallied +29.6% on Thursday Apr 9, 2026** after publishing preliminary Q1 results. **Speaker holds the stock** and previously added on the post-earnings drop.

**Iran war reshaped global uranium dynamics.** Hormuz Strait conflict has alerted Asian (Japan, Korea, Taiwan, China) and European nations to **energy security risks of relying on Persian Gulf oil/gas**. Uranium is the only fuel that can be stored in physical form for years (vs months for oil/gas). **Expected demand growth: 3-4% CAGR.**

**KULR Q4 2025: $44M total loss**, far worse than expected. Decomposition:

**SMR collapsed to $10** — 1/5 of its peak. Speaker had rebuilt position around $20; this further drop wasn't anticipated. **Could go to $5** before bottoming. Don't rush to bottom-fish.

**Storage stocks have melted up massively in 2025-2026.** SNDK: $40s → $700+ (~14x). WDC (parent before SNDK spinoff): $40s → $200s (5-6x). STX: $90s → $400 (4-5x). All driven by AI-era memory/storage demand explosion.

**NBIS Q4 2025 earnings caused 16% spike** ($90 → $108). 2025 revenue $1.25B (14x growth from 2024). **2026 run-rate revenue guidance: $7-9B (another 7x growth)**. Run-rate = static estimate, doesn't include further efficiency improvements — **conservative basis**.

**Four energy/battery names tracked, mixed performance.** AMPX up 9% in a down market on Q4 beat. EOSE crashed -40-50% on production miss. PLUG up sharply on first-time positive gross margin. NVX dropping to all-time lows on customer order issues.

**Iran conflict ongoing.** US/Israel have military dominance, but Iran is "lashing out like a mad dog" — striking US embassies in Dubai and Saudi (fixed targets, easier to hit). Conflict could last more than a few days but probably not Trump's stated 4 weeks. Even Hegseth and the joint chiefs **don't know exactly how long** at the press conference.

**LEU stock cut in half** from $400+ peak to ~$185 after Q4 2025 earnings. PE ~47-50, technically reasonable for the growth profile but the stock is in a 2-cycle drawdown. Speaker is **holding the position** (entered earlier, not at the top), looking 5+ years out.

**Brutal selloff yesterday** — broad market down, BTC names crashed. ASST hit ~$0.49 (currently halted). SATA (the financing instrument) dropped from $95 → $82, far below the $95-105 stable range. Speaker remains positioned, says position size is comfortable enough to sleep through it (BTC traditionally drops 50-73% per 4-year cycle).

**ASTS won a Prime Contract from the US Missile Defense Agency's Shield program** (part of Trump's $150B "Golden Dome" defense initiative — ~10% of US 2026 defense budget that's targeting $1.5T). **Prime status is significant** — Shield will use ~300 subcontractors, and ASTS sits at the top of the satellite-defense pyramid. **Starlink got nothing in this allocation** despite SpaceX having its own military arm (Star Shield, separate from Starlink). The contract is **IDIQ** (indefinite-delivery / indefinite-quantity) — upside is uncapped, performance-tied.

**Critical mineral stocks crashed yesterday** on a Reuters report claiming the Trump administration is dropping price-floor support for critical minerals. **Speaker thinks the report is misleading / out of context.**

**CRML stock at $17, up from $7 trough, halfway back to the $32+ short-squeeze peak.** Last spike from this level took only 2 days. Speaker built positions in the bottom and is **NOT adding more here** (won't chase). **Plan: trim 2/3 if it returns above $30**, accumulate aggressively below $10 if it dumps again.

**Massive crash → rebuild opportunity.** All four small-modular-nuclear (SMR) names crashed 60-75% from highs in late 2025. Recent low touchpoints: **SMR $14** (4/25 tariff-war low), **OKLO ~$70** (down from ~$200 peak), **NNE $25** (down from ~$80), **LTBR $13** (down from ~$30). All have bounced ~50%. Speaker says **the major bottom is likely in** and rebuilt SMR position.

**Bluebird-6 (the first next-gen production satellite, 6.1 tons) successfully launched in December 2025** by ISRO (India Space Research Organisation) on its LVM-3 rocket. ASTS used a traditional non-reusable but high-reliability rocket for safety on this critical first launch.

**UUUU is the only operating conventional uranium miner left in the US**, plus heavy rare earth (HREE) processing capability that complements MP Materials (MP focuses on light rare earths, UUUU on heavy). UUUU produces yellowcake (U₃O₈), which is the **upstream feedstock for LEU's enrichment business** — they're not competitors, they're vertically aligned. White Mesa Mill (Utah) is the company's flagship and the only operating conventional uranium mill in the US.

**SATS rallied 378% in 2025** — second only to PL among space stocks. But fundamentals tell the opposite story: revenue declining 3 years running, losses widening, $30B+ debt against $32B mcap. **The rally is entirely from selling spectrum assets**, not from operational improvement.

**ASTS Q3 update:** $32B... actually $3.2B cash on hand (after ATM raises and convertible debt), market cap $28.8B (up sharply since the March $7.7B level). Q3 2025 revenue **$14.7M**, but management reaffirmed **$50-75M for H2 2025** — implying Q4 alone needs to be 2-4x Q3. **45-60 satellites planned for 2026**, only 5+2 test launched so far. **2026 = make-or-break execution year.** Speaker says 2026 will be volatile but very high upside if you can stomach it.

**Three different bets**, three different architectures: **ASTS** = large phased-array satellites at 530 km, direct-to-phone, 120 Mbps target, 45-60 satellite global constellation. **GSAT** = 48 satellites at 1,400 km, low/mid-band frequencies (penetration > speed), narrowband, IoT and emergency SOS focus, Apple is a key paying customer. **Starlink** = 12,000+ small satellites, Ku/Ka high-frequency, requires dish (not phone), home/auto-mount user.

**Big seven AI infrastructure plays compared on every meaningful metric.** Took ~2 weeks to compile and verify. CRWV (CoreWave) is the giant ($36.4B mcap), then NBIS ($24B), IREN ($13.5B). Mid-tier: CIFR/APLD/WULF ($6.5-8B). SLNH (Soluna) is the small/speculative one ($1.2B).

**ASST is a Bitcoin treasury company that's structurally very different from MSTR.** Speaker moved his **entire MSTR position** into ASST. Stock at $1.50, with three prior peaks at $10-13 in the past 6 months — implies ~8x upside if it returns to peak. Market cap ~$1.04B, P/B 1.2, BTC holdings worth ~$1.2B (so trading slightly below NAV — safe entry zone).

**SLNH 10x'd in two months** — from ~$0.45 in early September to a peak of ~$5, now around $3.50 (still 7x). Market cap ~$230M (small), but debt is high and book value is negative (-11). Not overbought yet on RSI, MACD potentially showing top divergence.