SMM 0.00% 0.4¢ somerset minerals limited

movement at the station?, page-8

  1. 247 Posts.
    lightbulb Created with Sketch. 42
    It all hinges on what PDN want to do with their holding. The last audit report said SMM will ultimately need a capital raising to keep going. I doubt PDN would want to keep holding, they may sell down or completely exit given the stagnate price of U and the inaction of the QLD government over the years. In any event, no new U mines will be developed in Australia unless there is a long term price north of $70USD a pound.

    My opinion is there is too much negativity around the safety aspects of Nuclear Energy and reports I have read with regard to the development costs of U Power stations are out of control. Moving forward I feel that countries and Governments will look at alternative energy solutions at the expense of Nuclear.
 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.