[IMG] This is the year to position yourself in the uranium...

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This is the year to position yourself in the uranium sector, Noel Ong says. Pic: Solo: A Star Wars Story, Lucasfilm, 2018
MoneyTalks: Time to buckle up and prepare for uranium’s lift-off
Experts
23 minutes ago | Jessica Cummins


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Money Talks is *’s regular drill down into what stocks investors are looking at right now. We’ll tap our extensive list of experts to hear what’s hot, their top picks, and what they’re looking out for.
Today we hear from Samso chief executive officer Noel Ong. Samso provides market analysis and insights into ASX-listed companies and business trends.

What’s hot right now?

Ong’s eyes are focused on the uranium sector.
“There’s been a lot of talk about green energy and green metals, but the most misunderstood part of the uranium sector is that it has the lowest carbon footprint of the lot.
“The word ‘uranium’ strikes anxiety, stress, and hatred to the green movement but there is now scientific and industry evidence that it is the greenest of the lot.
“There has been a lot of conversations in the past two years about the rise of uranium, but I think 2022 will be the year it leaves the preparation platform. I am not sure if ‘lift-off’ is the word to use for the trend, but I think this is the year to position yourself in this sector.”
Anticipation of a rising uranium price has been showing a slow and steady rise, which is a good sign for sustainability, Ong says.
“The issues with metal extraction for uranium is no different than any other metals and the lag time from discovery to production or even resource to production will be lengthy.
“ESG will be a major component factoring the viability of projects and in some degree limit the number of potential projects, which will in turn create a supply limitation and can and most likely cause a rise in demand.”

Top picks

Stock picks are always a hard one to mention as there are so many factors that come into play for the viability of the project, Ong says.
“There are some that have all the bells and whistles but then fall over with regulations or funding or some environmental matter.
“Sometimes, like the recent tsunami in Japan, something outside the typical issues creates a negative theme.
“My strategy in this sector is to have a position in either nearly production or good exploration projects – it is all about leverage and upside.
“The producers will be safest but I like leverage.”