Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-112

Time to face the facts.
We bet on a U price turnaround which didn't happen in time, so we are just left with a massive debt and a bunch of "what if's".

Externally
If Japan had started reactors faster inventories would not be so high.
If their wasn't a world energy glut nuclear would be relatively much better off.
If Khazakstan currency hadn't fallen so much after floating they might have reduced supply earlier.

Internally
If JB had focussed on cost reduction earlier instead of keeping his own wallet fat there could have been a couple of years of profit.
If he hadn't let CNNC put a booby trap in the 25% deal we wouldn't be about to be bent over by them.
If a CR was done earlier we could have held on until 2020.
If LT contracts had been better managed we could be managing debt.
If AM was a straight shooter....

I had already sold down at a big loss and resigned myself to losing the rest.
Will be very frustrating if the U price rebounds shortly after we get squashed by the Chinese giant.