BOE still in ramp up phase. Can't provide any cost or aisc for production so the risk of achieving nameplate as per DFS is risky business and cost blow outs. Also have risk about the processing and caking of the uranium.
Intill they prove what they are saying the shorters will controll the share price. They have big pockets and uranium market in Aus is very tiny and they can manipulate it with ease. Good example was Pdn who reduced its guidance by 1mil lbs and removed any guidance beyond next year.
Once BOE is running at capacity and we see the cost and lbs produced is in line with guidance the sp will rocket.
Or Uranium spot goes $100+ n holds.
Adding shares in mid to low $2 reduces your risk.
GLTA AND DYOR
BOE Price at posting:
$2.86 Sentiment: Hold Disclosure: Held
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