The Cycle has been against the company - that will change as it did for PDN in in 2003.
Note the comments:
"The perfect storm"
"The fall in the stock price no way reflects anything on the projects"
"DFS finished July and numbers not materially different from the scoping study"
"Financing indications around August"
"12 months to get the project into production"
"70-80% in Debt for the financing package"
"Previous all in costs US$26-27"
"Early to mid 30s for the Uranium Cycle to take off"
Nearest to Project execution that company has ever been; Lowest Stock price; Lowest Market Cap in the Peer Group for pre-production ready to go Uranium Project. Yes the Opex and CAPEX maybe 10-15% higher than the Scoping Study - still globally cheapest in the respective class.
AEE Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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