broker client note, page-33

Thanks, another enlightened comment contradicted by recent news, as well as figures the company has derived from the investigation of Indepenendent Engineers who have taken some of the remuneration in BOE shares, field trials using new technology which was not used prior. As for the board putting back the "theroetical" opening of the mine, the point of opening a mine (anymine) is to make money, not to open a mine, LOL. Why do you bother?

Breaking News: Kazakhstan: Kazatomprom Announces Further Production Cuts
State-owned uranium entity Kazatomprom said today it intends "to reduce planned uranium production by 20% under Subsoil Use Contracts of Company enterprises, in order to better align its output with demand." The scheduled production cuts will be enacted for three years, starting in January 2018, which will result in a production deferral of 11,000 tU (~28.6 million pounds U3O8) over the period; an estimated 4,000 tU (~10.4 million pounds U3O8) will be deferred in 2018 alone.
Earlier this year, Kazatomprom announced plans to curtail production by 10% in 2017, in response to persistently low uranium prices. Kazakh Minister of Energy Kanat Bozumbayev said recently that the country's 2017 uranium production is forecast at 22,150 tU (~57.6 million pounds U3O8) (Nuclear Market Review, November 30, 2017). Kazakhstan and Kazatomprom have maintained the title of the world’s largest uranium producer since surpassing Canada in overall output in 2009. The Central Asian nation produced approximately 38% of global uranium production in 2016. Kazakhstan has significant natural resources, producing 59.4 and 61.8 million pounds U3O8 in 2014 and 2015, respectively; production surpassed 24,000 tU (~62.4 million pounds U3O8) last year, according recent comments by Bozumbayev.
http://www.kazatomprom.kz/ru/news/kazatomprom-obyavil-o-dalneyshem-sokrashchenii-dobychi
December 4, 2017
Uranium Stocks Soar After Kazakhstan Announces Output Cut
Kazakhstan’s state-owned uranium company is slashing production 20% for the next three years in a bid to put a floor beneath prices. Shares of the major Canadian uranium companies—including Cameco, Denison Mines, and NexGen Energy—surged on the news. Cameco was up as much as 18% Monday morning.
https://www.bnn.ca/uranium-stocks-soar-after-kazakhstan-announces-output-cut-1.933787
December 4, 2017
UK Government to Release Funding for Mini Nuclear Power Stations
Ministers are expected to back the first generation of small nuclear power stations in Britain with tens of millions of pounds this week, in an attempt to give the UK a competitive edge on the technology and provide a new source of clean power. Energy Minister Richard Harrington is expected to announce support for the embryonic technology on Thursday, industry figures told the Guardian. The funding is likely to be up to £100m (US$13.5 million), one source said.
https://www.theguardian.com/business/2017/dec/03/mini-nuclear-power-stations-uk-government-funding
December 4, 2017
Saudis Invite US Firms to Develop Multi-Billion-Dollar Nuclear Power Projects
Saudi Arabia has invited US firms to take part in developing its civilian nuclear power program, Energy Minister Khalid al-Falih said on Monday, adding the kingdom was not interested in diverting nuclear technology to military use. Reuters has reported that Westinghouse is in talks with other US-based companies to form a consortium for a multi-billion-dollar project to build two reactors and that those firms are pushing Washington to restart talks with Riyadh on a civil nuclear cooperation pact.
https://www.cnbc.com/2017/12/04/saudis-invite-us-firms-to-develop-multi-billion-dollar-nuclear-power-projects.html
December 4, 2017
Second Reactor Pressure Vessel of Belarusian Nuclear Power Plant Installed
A reactor pressure vessel has been installed as part of the second unit of the Belarusian Nuclear Power Plant, according to Russia's ASE, which is the general designer and general contractor for the project to build Belarus' first nuclear power plant. The VVER-1200 design, which is used to build the Belarusian plant, is an advanced Generation III+ reactor design and is compliant with all the international norms and recommendations of the International Atomic Energy Agency.
http://eng.belta.by/society/view/second-reactor-pressure-vessel-of-belarusian-nuclear-power-plant-installed-107346-2017/