Top member reports
Company Report
Last edited 2 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#211
Performance (45m)
15.6% pa
Followed by
60
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
#Bull Case
stale
Added 3 years ago

The Uranium sector is much smaller than even the very small gold market and as new buyers enter the market, any companies involved will do exceptionally well. A number of other companies have also purchased Uranium as an investment and it has the added benefit of reducing the amount available on the spot market, which will further fuel the price rise and increase the urgency to sign long-term contracts.

Boss acquires strategic uranium inventory after completing $60m capital raising
Strategic acquisition will strengthen Boss Energy’s position in offtake and project funding negotiations
Highlights
• Boss has entered into Binding Agreements to purchase 1.25 million pounds of uranium on the spot market at a weighted average price of US$30.15 per pound
• Strategic acquisition to be funded by a well-supported A$60M share placement
• Placement price of 14 cents per share, representing a discount of 9.7% to the last closing price and 10.6% to the 10 day-trading volume-weighted average market price (VWAP)
• Acquisition of uranium inventory will deliver several significant benefits for Boss as it becomes Australia’s next uranium producer:
? Provides greater flexibility for financing and off-take negotiations
? De-risks the Honeymoon restart as it will ensure Boss can meet offtake obligations, providing initial customers with confidence of supply
? Clear strategic value and upside for Boss Energy shareholders given forecasts of tight supply-demand fundamentals in the uranium market