At least We should fill the gap and stay there or reverse for a...

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Tomaszabc

333 Posts.

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27/09/23

14:48

Post #: 70054167
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Originally posted by srood: ↑

Obviously they'll need to raise at some point. Likely they'll use debt for a portion of the required funds. As alluded to in the latest web chat, they are discussing a Loan with the US Gov also. Basically, a mix of funds but have plenty of cash and reserves so don't need to rush.

With only $95m required to be the largest US low cost INSITU Producer within 2 years, End to End, its in an an extremely bullish/enviable position. Keep in mind the recent issue with UEC has only propelled the company/forcing its hand to grow at double the pace! Being a fully integrated, all in one producer for an additional $95m is worth it. Something they should have done since day dot.

Within the two years it will take they can STILL negotiate further LT contracts. Within the next two years there will only be a handful, if that of other proders come online.

Uranium mining takes a whole different, far more expensive/patient approach than your average metal. Most new ASX U specs will need multiple if not dozens of raises to get to build, let alone production...then there's the licensing!!! Close to a decade in most cases.

At a Market Cap of $150 odd million, its a steal. The UEC issue was a blessing in disguise as it would be closer to the $3/400 cap given the recent run in spot. The difference now and looking forward however is that we'll now be the biggest, low cost INSITU US producer in 2/3 years time...a comfortable trade off imo and a genuine buying opportunity.

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At least We should fill the gap and stay there or reverse for a moment. Im thinking should I put some sell order at 16¢ and buy back lower.
Im still bulish despite uranium market oversold conditions (excluding PEN ), spot is up again, supply/demand situation is warming up.

PEN Price at posting: 13.8¢ Sentiment: Hold Disclosure: Held
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