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Pezsaz, i have no issue with A/ Mulga Rock or B/ uranium price...

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30/05/19

15:40

Post #: 38828236
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Originally posted by pezsaz: ↑

Looking forward - with a current market cap of $26m. I would say that the Mulga Rock asset value is extremely cheap. Regardless of industry/company historic decline, there is upside value

my sense is the bottom is roughly in. And uranium industry has a huge amount going on. Especially over 6 months.
- s232 mid July - release bottle neck. Provide clarity. May be significant for Australia
- Cameco still to buy 14 million pounds from spot this year
- utilities coming back to market in August
- contracting about to start Q1 2020
- London September 2019 nuclear symposium will accelerate contracting
- such wow exploration could be suggestive of another 25 - 50 million pounds
- and who knows...Cameco workers strike or another event could be ... Explosive

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Pezsaz, i have no issue with A/ Mulga Rock or B/ uranium price on a long enough curve. I agree with your facts.

I do have an issue with the spend of management and waste of share holder funds. Which is there no denying.

VMY Price at posting: 5.6¢ Sentiment: Sell Disclosure: Not Held
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