If it is Uranium you would like to talk about maybe you would like to discuss why Kazakhstan the worlds largest producer of Uranium cut its output.
You also may want to discuss why Cameco has cut production as well, this cut has precipitated the recent increase in the U price.
Or maybe you would like to discuss the fact that there is currently an oversupply of uranium stockpiled in Australia, Africa, Russia, and North America.
Due to the fact that you are interested in BOE you may want to discuss BHP's uranium production at olympic dam where they have one of the largest resources in the world and they pull it out of the ground at no cost due to the fact that it is a by-product of the copper mining.
BOE is a junior explorer and it survives by convincing potential investors of the value of their company so that they can carry out capital raising's so that the CEO and board keep their high paying jobs.
Although I believe in nuclear power and I am aware of the forecast growth in nuclear facilities and have been aware of this for more than 10 years, the unfortunate fact is that politically uranium is a taboo subject. Even in Australia with our vast resources of Uranium we are putting up ridiculous windmills instead of building nuclear reactors.
I wish you the best of luck with BOE ,, you may make some trading gains,, but Honeymoon will not come on line in the next 20 years, IMO ,,,, As soon as there is a uranium price rise the big players will ramp up production with the ore that they already have above ground.. There are also a raft of mines that have better resources than BOE and are not operating due to the depressed price.. They will also come on line when it becomes financially viable.
In the meantime BOE will continue to try and convince investors of the worth of putting more money into more capital raising's..
PDN Price at posting:
4.7¢ Sentiment: Sell Disclosure: Not Held
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