No idea why the short positions existed except for the general short-term hold and /or drift in the Uranium miners overall. Why after we fully cashed up The sudden jump of about 6% NB This is a recovery to the SPP price we happily brought into. "We look forward to advancing Kayelekera and delivering on our vision of becoming the next global uranium producer in 2025.” is old news from "24 October 2024 "- Upsized A$130 million Placement to fully fund the accelerated restart of Kayelekera Uranium Project"
"QUARTERLY ACTIVITIES REPORT Quarter Ended 31 December 2023 " was 31 Jan 2024. Is probably FID and the known quarterly due shortly about to blow the lid on the negative sentiment? I suspect so. The number of times the company has stated we will be mining in Q3/Q4 of this year also means offtake agreement news is likely.
All my thoughts and no facts except the cut and pastes which are on ASX announcements so safe information I think. It may not take much to get the full value we expect to occur in our shares in LOT.
Uranium insider rabbited on how 'Undervalued' and a bargain our current share price and market cap is. So have many others of course.
Personally happy to hold on and enjoy 2025 developments. The news last year that "Lotus has secured agreements for the sale of 1.5–1.8mlb of uranium to North American power utility PSEG Nuclear and Curzon Uranium, with deliveries scheduled from 2026 to 2032.The pricing terms achieved through competitive discussions ensure profitability for the uranium sold, including any optional quantities. This term sheet with PSEG is contingent on finalising a definitive sale and purchase agreement and the project’s restart, while the agreement with Curzon is dependent on an equity raise by Lotus."
This was just ok. I want the pricing details pasted widely as this is a KEY pita we have had used by Nuclear fuel buyers to try and play producer against producers to our detriment.
No more back room price or deals in this sector is my wish!
LOT Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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