Unable to speculate as to share price on monday but I think two things are important from this. Firstly on the bigger Uranium picture it will not make a difference as the impacts are minimal in reality despite worrying early reporting. Secondly on the company specific impacts I am worried as to the relationship with the original owners now. What's left if the relationship turns ugly ? Ranger is pretty old and it not strange for it to need greater and greater maintenance going forward... anyway.
I obviously am in luck at moment as I decided to sell all my holding a week or so ago and re invested in some young rare earth stocks, topping up holdings.
I hope that whatever negatives come from this that they can make things right with the traditional owners as respect is very important as is trust and give themselves a chance to get new mine to production.
Good luck all. I think that the journey with ERA will take a little longer now, probably set back another 6 months from my guess.
Investing long term in Uraniums and rare earths.
My thoughts and opinions.
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