Could really run when Australia Opens more Uranium, page-67

Hey Coldy,

Just my opinion, but I think OZL took the opportunity in the current bull market to sell out of Uranium and will reinvest the money into other junior companies, more in line with their focus commodities, such as gold. OZL is not desperate for cash, but the speed at which they got out of TOE was definitely surprising! They could have got a lot more of a profit, had they let the TOE price rise to 4-5c and sold out slowly and periodically. Those tactics tell me they are in a hurry to get into copper or gold juniors on the ASX. I think they see plenty of junior gold companies on the asx with great potential upside and will enter on the cheap next week, or they have started already with some of the banked TOE sells.

This is just my perspective with the economic woes the world is facing - hyperinflation/energy crisis/china property companies crashing/supply chains affected. The list goes on and I think the OZL board probably holds similar views of the market outlook. They clearly do not have the long-term confidence in the Uranium price as we do, and see more upside and more to gain in precious metals.

I heavily invest in precious metals and oil and gas companies on the ASX too. So I am well aware of the current issues the world is facing, however I am still heavily bullish on the future of Uranium, especially with Glasgow coming up and the energy crisis exposing wind, battery and solar issues. I think Nuclear will take the shine from these competitors in the future. Regardless of any economic crash, we will still need the power to supply the necessities in life and with a worldwide focus on net-zero so we are a pretty safe bet.

Just my opinion and I could also be completely wrong.

Coto