Hi FolksGTE has finally been put to rest. Uran is no longer a...

Hi Folks

GTE has finally been put to rest.
Uran is no longer a nickel explorer venturing into Uranium.

The critics out there dont give Uran much of a chance.

But take a little time to look at the facts that are all around us.

How many companies, without the management pedigree, managed to land a tenement or two with uranium in it over the last 2 years?

Dozens? 50? Approaching 100 maybe on the ASX.

Pretty easy to pick up a piece of dirt one would think.

Uran hasnt in over 12 months.

Of course the focus has been on advanced/production opportunities primarily so its much much more challenging, and takes skill, experience, knowledge and confidence to 'go beyond' most 'other' explorer hopefuls by looking for 'ready to go'..or near to it projects.

Uran havent stuck a peg or two in the ground on some greenfields project when clearly they could have easily have done so.

So we need to acknowledge that.

We have nothing at the moment, but we will know 'next month'...at the latest if the exploration leases would have been granted in total or in part.

That will be tangible.

Rozna could be any day...or it could drag on for weeks or even months.
But make no mistake, it takes but one announcement from the Czechs that Uran will be 'on board' in Rozna in some capacity and we are 'in'....and our share price multiples go with that.

What if though Rozna falls through? The exploration leases are further delayed?

Well thats not the end folks. We know the Ukraine elections are now set for September. We know 2 projects in Ukraine will be on board...with Discovery...'if' the feasibility studies come up trumps.

But what if they dont come up?

Then theres Uzbekistan...then Kazakhstan...then one would think Africa. Of course Australia has been on the radars as well...although MK reckons that is not the companys focus.

We can speak of any number of possibilities...and history tells us with Uran that they come up with left field announcements and possibilities..

Granted they havent actually got anything yet....but it really is a question of 'when' not 'if'

Im glad GTE is out of the way now.

With the uranium price at such high levels moving towards $1.50 a pound Uran has underperformed. Lets not hide from that.
And although the market cap has not moved with the increase...in fact its moved the other way!.....one can imagine what would happen if by chance a production or near production opportunity goes ahead in the next several months.

MK reckons it will be done and dusted by December this year.

We will just have to wait and see.

One things for certain, this company didnt float off its nickel assets to go for nothing.

Will be interesting from here on in as now the company needs something to lay the foundations for the future.

Theres some exciting times ahead.