Have to add the restraint of management to wait for the buyers to pay us the money
"Lotus continues to evolve its offtake strategy and believes securing long term linked prices, rather than any significant reliance on the spot market, best positions the Company to deliver a premium price with reduced volatility over the long term. Lotus remains engaged with potential offtake customers, focusing on North American nuclear power utilities, for offtake of more substantial volumes of U3O8 from Kayelekera. Lotus plans to leverage utilities’ continuing demand for contract pricing based on both fixed prices and the long-term uranium price, thereby positioning the Company to minimise its uncontracted / spot exposure"
It would have been very easy to sell the LOT for the next seven years at $60-70 USDLBS. Very pleased to read the ongoing nature of sales discussion which with the restraint giving us a huge amount of UP side from our already CHEAP as CHIPs current market price not factoring in the currentl LT pricing and not factoring in the near term price escalation.
LOT Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
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