I welcome a bearish view. Always makes me take stock and take...

I welcome a bearish view. Always makes me take stock and take considerations on board.

A couple of actual facts.

1) We are debt free and have a balance sheet in excess of $200 million. $140million + is pure profit from our uranium purchase. Suggestions of a cap raising to fund production issues is highly unlikely.

2) The plant is ‘old’ in your view. That’s also laughable. It’s been rarely used. 10million was spent on refurbishment. I don’t see it as ‘old’ at all.

3) Production timelines - I’ve been invested since 2018/19. Once they pulled the trigger on commencing production I have only ever heard late 2023 early 2024. That hasn’t changed. Commencing production did start December 2023. Actual first production is yet to be achieved, but they have said March quarter. I.E there is no missed dates IMO. I can’t recall where I heard, but Duncan was interviewed very recently stating February. We’ll wait and see on all of that.

4) It’s not mentioned by you but our crew our incredibly experienced. Any issues will be worked through. These guys aren’t first timers. That’s IF there are issues and not just your speculation.

Lastly, everything else aside. You’re really going against the overall trend of the uranium market. This for me is the largest comment with regards to taking a short position. Many other posters on other BOE threads have done what you’ve done. From $3 to now. They’ve all been wrong.

You may be correct, but I’d prefer to take a piss with the breeze behind me.

Good luck with your shorts, but you’re pissing into the breeze.