Ann: Quarterly Cashflow Report - Amended, page-16

Part of the report below.

You don’t need to be a clairvoyant to see what’s coming.

We need new uranium supply, FAST. But when are uranium contract prices going to rise enough to justify new mines?

That’s the million dollar question.

Two new research notes from BMO Capital Markets and Morgan Stanley now say today’s spot price – about ~$US30/lb – is just the start of a rally in prices over the next few years to the ~$US50 level by 2024.

Stock prices are already surging in anticipation.

The smartest money jumped into uranium equities in November last year, Vimy Resources’ Mike Young says.

“On December 3, a bill came out of a US Senate committee recommending bipartisan support for the US nuclear industry [the world’s largest],” he told *.

“Because of that there was sudden flurry of activity into uranium equities, and it just hasn’t stopped.”

Near term developers Paladin ($218m), Vimy ($18.5m), Boss ($60m), Bannerman ($12m), Deep Yellow ($40m) and Lotus ($12.5m) have tapped this bullish sentiment with some significant cap raises.

“Our raise was about 80 per cent of what our market cap was four, five months ago,” Young says.

So, who stands to benefit from the pending bull market? Here are 16 ASX stocks with skin in the game.



CODE COMPANY PRICE 1 MONTH RETURN % 6 MONTH REURN % 1 YEAR RETURN % MARKET CAP
PDN Paladin Energy 0.38 -6 199 253 $985.3M
VMY Vimy Resources 0.125 -11 247 172 $93.4M
LAM Laramide Resources 0.56 -10 60 124 $666K
TOE Toro Energy 0.024 -17 41 200 $62.0M
AGE Alligator Energy 0.015 -6 200 400 $34.3M
BOE Boss Energy 0.14 -17 125 137 $319.0M
MEY Marenica Energy 0.135 -13 48 114 $29.1M
DYL Deep Yellow 0.64 -15 98 135 $201.6M
CXU Cauldron Energy 0.038 -5 19 73 $17.6M
BMN Bannerman Resources 0.135 -4 286 221 $158.4M
TIN TNT Mines 0.18 9 -18 275 $15.0M
BKY Berkeley Energia 0.565 -17 26 190 $147.6M
GTR GTI Resources 0.022 -15 -4 267 $13.5M
LOT Lotus Resources 0.13 -16 44 103 $123.51M
PEN Peninsula Energy 0.13 4 106 3 $111.7M
THR Thor Mining 0.014 -6 -28 200 $10.45M
92E 92 Energy 0.27 -24 -24 -24 $10.44M
VAL Valor Resources 0.013 44 160 1200 $44.21M