SMM 0.00% 0.3¢ somerset minerals limited

movement at the station?, page-8

  1. 34 Posts.
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    It all hinges on what PDN want to do with their holding. The last audit report said SMM will ultimately need a capital raising to keep going. I doubt PDN would want to keep holding, they may sell down or completely exit given the stagnate price of U and the inaction of the QLD government over the years. In any event, no new U mines will be developed in Australia unless there is a long term price north of $70USD a pound.

    My opinion is there is too much negativity around the safety aspects of Nuclear Energy and reports I have read with regard to the development costs of U Power stations are out of control. Moving forward I feel that countries and Governments will look at alternative energy solutions at the expense of Nuclear.
 
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