NTU

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2.5¢ northern minerals limited

Brilliant management decision, page-11

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92electrons

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17/10/21

20:47

Post #: 56862624
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Originally posted by marcus A: ↑

Hi 92e,

You sure do seem to hold a grudge against GB, as do many on this thread! It must have been a great disappointment for yourselves when he was moved on, but it doesn't appear to have stopped yourselves cluttering up the thread reviving your historical grudges.

NTU shifted their focus to HRE exploration in 2010, over a decade ago. Ironically the fewer radionuclides they find now the better...In fact the lack of radionuclides in the Browns Range resource would indicate that NTU's board and management's decision back in 2010 to concentrate on HRE's was indeed a "Brilliant Management Decision" as you so rightly point out!

I take it from your handle that you are a uranium buff, and while I'm not a follower of the sector I do know that there is only one mine in Australia currently producing yellowcake as a co-product of copper/gold mining, Olympic Dam, which commenced operations in 1988. When was the last dedicated uranium mine opened in Australia? What is the current status of wannabe uranium producers? When will we see some production cashflows? What about yellowcake export permits? Uranium development has not been an easy business to be in Australia for many years.

However difficult the development path for Browns Range and other aussie RE wannabees has been since the 2009/10 boom-bust, at least one in Mount Weld is in full commercial production of concentrate, and soon to be LRE carbonate, Browns Range is in trial production of HRE carbonate and several others (HAS, ASM) are on the cusp of production, if their press releases are to be believed.

It might be time for you to move on from Northern Uranium...maybe inquire with NST if anyone is showing interest in their Browns Range uranium exploration rights.

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Marcus I am just highlighting the fact he was an over paid executive (earning circa $800,000 pa total remuneration package) who in my assessment made some very poor decisions whilst running NTU - and off loading the uranium mineral rights was just one of them and so short sighted - as the current uranium boom now unfolding will prove

I am speaking as someone that has followed this stock closely for many years

NTU Price at posting: 4.6¢ Sentiment: Sell Disclosure: Not Held
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Brilliant management decision, page-11

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