BOE Price at posting: $2.33 Sentiment: Buy Disclosure: Held

Part Extract of prevoius post ..taken from BOE's latest published financial results... and AFR analysis...
.Being a holder , one would assume of course you read the full report.

"One final thing which most holders would be aware of is the Contingent Liability to the vendor of the Honeymoon Project. Uranium One Inc . (more about them later.)*BOE is obliged to pay Uranium One Inc. $2m or shares equivalent within 90 days of full production and 10% of positive net operating cash flow once continuous production commences, this is capped at $3m total.* The vendor , Uranium One Inc. appears to be a rather complex situation being part of an Int. group of companies being part of the TENEX Group of Rosatom State Corp. with their HQ based in Moscow, Russia.A major stakeholder is a company called JSC who in turn proports to own 51% of TENEX …JSC.appears to represent the Russian State Corp for Nuclear Energy…….Yes , all very complicated and even more so given current world events.."
BOE Price at posting: $2.33 Sentiment: Buy Disclosure: Held

One final thing which most holders would be aware of is the Contingent Liability to the vendor of the Honeymoon Project. Uranium One Inc . (more about them later.)*

BOE is obliged to pay Uranium One Inc. $2m or shares equivalent within 90 days of full production and 10% of positive net operating cash flow once continuous production commences, this is capped at $3m total.

* The vendor , Uranium One Inc. appears to be a rather complex situation being part of an Int. group of companies being part of the TENEX Group of Rosatom State Corp. with their HQ based in Moscow, Russia.
A major stakeholder is a company called JSC who in turn proports to own 51% of TENEX …JSC.appears to represent the Russian State Corp for Nuclear Energy…….Yes , all very complicated and even more so given current world events.



.

BOE Price at posting: $2.33 Sentiment: Buy Disclosure: Held