The operationsl update didn't sound that bad. I guess either way get diluted by 15% or sell a 20% + or - stake of their Langer-Heinrich mine that appears to be profitable and in a stable country.
To me appears to be the same thing, maybe more upside in the end by only being diluted.
Appears they will have enough cash now to ride it out till uranium prices hopefully start to increase.
I'm long PDN, UNX, and ACB as my australian U plays. In North America, also have Cameco, Denison, Kivalliq, Uranerz, U3o8 Corp and Virginia Energy Resources via Sprott Resources as part of my U3o8 basket of stocks.
Ann: Strategic and Operational Update , page-2
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