I have one other speckie WWI.AX, and some exposure by URA.NYSE.
92E is a long shot but it’s appealing at the moment as the lowest MC ASX U play and it has a tight capital structure. Recent drill results are promising, and the boxes are ticked with good jurisdiction, proximity to infrastructure, exploration funding.
Macro factors unfolding for U that I like - ESG pressure has led to underinvestment in FF. This has now created an energy crisis in Europe and the UK, which is inevitably leaking into Asia - JKM LNG spot is around US$27, 13.5x last year’s lows. Energy stability will be prioritised, and Green energy policy has a high chance to revolve around nuclear power.
Looking forward to the next round of drill results - hoping for the management team to quickly develop a resource while the U bull continues.
Cheers, A11
92E Price at posting:
76.5¢ Sentiment: Hold Disclosure: Held
