Been a holder for years.
Uranium moves in and out of popularity - generally non-producer prices do not seem to move the needle much under $50/lb and greater than $70/lb we might get more insto & Funds attention on register. The historical margins can be questionable otherwise. Just ask Paladin. Operating in another jurisdiction adds layer of risk. Not necessarily my personal opinion but consensus over time.
No doubting the quality of asset(s) but how much do you pay in a risk off climate for businesses without significant or near term emerging cash flows. Macquarie started acquiring in big sums under 20c & play a long game generally but if it becomes protracted or delays occur they can disappear as quickly as they entered position.
Sweden was the golden charm until trendy interests mucked around with safe haven interest at Haggan.
interesting 12 months ahead.
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