Extracta the mine was actually bought for $1 with the balance going to replace the $9m in enviro bonds associated with rehab. $2m upon signing $3m after 2 years and $4m after 4 years.
Pretty simple to read an announcement and accurately report - for some anyway
Boss also had a call option over Mr Davy’s interest so he couldn’t test the open market. Clearly the company has waited until the FLT were successful before issuing him his shares. Good luck to him I hope he gets rich as the companies 80 will then be worth more!
When has the company ever stated it needs $60 U price? More accurate reporting by you? Does it make money at current spot? No but no uranium mine does. Cameco and Kazatomprom shutting down 20% of world production shows this. Cameco and most of the other producers have only been producing into lucrative long term priced contracts done at over $100 /lb.
No signs of U price coming back? I suppose you haven’t bothered to research how much power all these EVs will use? Good luck charging your car on 100% renewables! or are you smarter than Rick Rule in your investment strategies. Google his stance on U price. Not a matter of if U price comes back but when.
You are having a short term win with the chart but let’s see where your predictions get to in the long term
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