Hi bought back in recently after losing a heap on this in its previous life .
What sent the company almost to the wall last time was not locking in LT Uranium price contracts when the price was high and relying on the falling spot price.
If the Uranium price did get to say $50 / lb would they lock in some LT supply contracts or do they take a punt on the spot price again. Not to sure how all this uranium pricing works but thinking similiar to the way gold miners hedge gold.
Ann: Appendix 5B, page-4
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