MTBW Pretty sure that Trump won't allow any foreign company to buy uranium assets in the USA anymore. Duncan has worked in Africa and I believe won't go back as he can see the advantage in the main 3 countries with Australia being the number 1. Don't assume that BOE doesn't have holdings in smaller uranium miners as they show a number on the balance sheet which I feel is related to the shareholding they have in other uranium explorers. When I asked Duncan about the investment in Qld he said while the share prices for uranium companies are down he was happy to get a foot hold on possible future opportunity. If I was a betting man Duncan's goal is to be the biggest uranium miner on the ASX the greatest challenge he has is that at some point in time the big boys like Gina etc are going to decided they need to be in the uranium business and they will pay big money he can't match for any good assets around. If the law changes in Qld & WA then the M&A will go wild.
BOE Price at posting:
$3.87 Sentiment: Buy Disclosure: Held
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