Mulga Rock Project DFS Metrics, page-15

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mefish

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14/02/19

13:56

Post #: 37436879
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Originally posted by Bagman22 ↑

Originally posted by mefish
Think it's fair to say 95% of long term investors, over the last 4 1/2 years, are running at a loss. They've turned 100 million cash into 26 million assets in that time. How can anyone have confidence in this mob? And why have we got someone trying to make deals in the US? I thought it was China that were intending to boost their nuclear power. Makes no sense to me.
I am a bit naive about this, but why would anyone sign a contract to buy our product when we don't have any track record of supplying anything. Wouldn't they go to a proven supplier? After all, we're not selling it cheaper than anyone else.
One of the reasons why VMY could expect to sign contracts is that up until now the supply of U3O8 has been dominated by a couple of companies, that was fine for the consuming entities as long as they kept pumping product at any price. That has now come to an end, and together with the up-coming 232 in the US, suddenly there are risks for buyers. One way to address that risk in the future is to diversify their supply chain and support new mines in safe and friendly jurisdictions.
I'm thinking that that's what will happen and VMY should be in the thick of it.
B22.

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Cheers, going to read up on this 232, try and get enlightened, anything to get some positive thoughts into my head.

VMY Price at posting: 5.7¢ Sentiment: None Disclosure: Held
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Mulga Rock Project DFS Metrics, page-15

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