Ann: Aura Energy 2018 AGM Chairman's Address, page-24

Not to mention that other ASX juniors are abandoning the region due to escalating security concerns.

This company is looking to mine U in a terrorist hotspot and develop a U deposit (that’s now conveniently a V deposit) in an anti-uranium Sweden. Hilarious. IMO this company will never make it into production. Even for the $45m CAPEx at Tiris, they’ll need at least 30% cash before they secure debt which means they’ll need to issue nearly 100% more shares than the current float. And if the great white hope is Haggan spin-off, if it ever proceeds, those funds will be directed at Haggan. I just can’t see it ever happening hence my decision to exit at 2.3 a while back. Took a small haircut but that’s the game we play. When it becomes obvious that the fundamentals don’t add up, you reassess your investment.