Can not disagree with you more.
Investment capital for new U308 projects is decimated.
Likelihood of U308 price increasing in the near term is close to zero.
Paladin is on its knees.
Sweden, Switzerland and Germany reducing reliance on Uranium.
Shale oil production in US keeping oil price low.
Renewable energy getting cheaper, battery technology getting better.
Political cycle lasts only 4 years, next liberal government will reinstate Uranium mining for sure.
What about the jobs we are missing out on?? My answer "What Jobs, there aren't and wont be any until U308 goes up."
Great headline, but at the end of the day it means absolutely nothing for capital investment in WA.
The way I look at it, the more governments that ban Uranium mining, the greater the constraint on future supplies, the better for future pricing therefore good for PEN.
Or do we have tenements in WA I'm not aware of??
Have a sensational day.
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