Have to like them finishing with the last slide: KEY URANIUM INDUSTRY CONSIDERATIONS
1) Supply is tight and any Russian uranium supply decreases to the west in retaliation to US sanctions will have immediate upward pressure on price
2) Russia and China taking more of the Kazak supply
3) Term price is still rising, showing the supply concerns starting to hit
4) Uranium demand still increasing from extended life of reactors and construction of more throughout the globe
They also make note that their 270m in liquid assets allows them to strategically remain under term price contracted, allowing them to make term prices when they want to.
Honeymoon now producing drums, and Alta Mesa expects first drum this quarter. Cash to start rolling in this quarter.
Increasing resources and they have only explored a tiny fraction of their land.
The only question is where do they expand next?
BOE Price at posting:
$2.94 Sentiment: Buy Disclosure: Held
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(20min delay)