news flow - 12c

Views taken from UK bb

I believe the short term news will be largely around UCG and this will be our initial traction in SP rise - government announcement this quarter and partnership.

Short term (12 months)

I can only see us benefiting on a buyout for our uranium assets from a Chinese or Russian company looking to acquire uranium cheaply.

My average is 3.3p at the moment, I am however holding a very large amount so always paid over the ask. Over the next 12 months I would be surprised if I don't get the opportunity to sell out at last years high of 7p~12c

It all depends on this partnership, when and under what agreement.
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Uranium carries an 'in the ground value' of

Pre feasibility - $2.53 upto
Producer- $6.87

These figures are from 2011 when uranium was higher, however, serve as a broad brush indicator of what our uranium assets, one of the largest in europe, are worth now - in situ.

My play here is the UCG, as I see this having ramifications across Central Europe. With the Ukraine agreeing a deal on discounted energy with Russia, this will surely polarise the issue to other energy reliant countries.
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Looking at other Uranium miners though it is clear to see almost all have been decimated. At least we have a relatively secure play in Europe, rather than Africa/ South America.