Would have to think though if AGS is calling H's bluff by delaying the project, good on AGS, shows they can stand up to them. If H used to prodcue 1200T pa of U3O8 and now is down to half that amount/600T pa, then this is serioulsy a problem for H and their US owner's. How will they fill their long term contracts? Buy on the spot market would significantly increase their cost base and effect available cash flow. How long can H keep this up for while a gem of a deposit in B4M sits idle, that's the reality. And, Wasa/others that have sold out/down this is exactly what H wants you to do so they can accumulate off market, force down the SP, create disinterest in AGS etc etc maybe leading up to a low price takeover offer? Who knows but I have over 1/2M of these and am holding all for onger term
AGS Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held
