I’d say it’s just they are unproven, trying to restart a plant of C&M that has seen some changes.
There is a very real chance of issues or delays during ramp up.
That said they are fully funded with a decent finance buffer. I’d say Grant Davey has assisted some of the shorts to cover their positions, however like other bigger name asx uranium players, it’s logical from here that they aren’t kept down by those players.
of the major asx producers / projects in near term ramp up, surely this one currently carries higher risk however perhaps the most upside
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