It is looking very positive for the year ahead and one of the very few commodities which is actually in an uptrend.
Now let's focus on this part of the RNS:"The Company has been actively looking at other opportunities for acquisition in the Uranium sector that will provide synergies with its existing assets."
The only two that I can think of is the acquisition of EUU's share of Slovakia (and boy are they strapped for cash at the moment) or Aura Energy's assets in Mauritania. They are very close to Forte's and would provide clear synergies. There was much talk of a merger or acquisition here a couple of years ago, but maybe the time is now ripe if Aura are as strapped for cash as EUU. There's a very interesting presentation on their website here:[link] Have a look at what they say about Reguibat being an early cashflow project and then have a think about what the RNS said about the broker raising funds for Peninsula Energy to begin construction of its mine in Wyoming.
This is getting very interesting now and I think Mark Riley is really playing a blinder.Oh and of course we have another RNS on the REEs to look forward to in pretty short order. What's not to like about that?T"
Darwin are risk neutral with CLs - they forward sell and get shares to settle plus their 10% discount of the WAP [which did look far too low] For a bit of equity fun, they got warrants and options for free but they have to execerise these which would be a RNS event and the company gets funds so they havent.
Darwin are not investors bud! They don't hold shares for more than 5 seconds! They are interested in one thing! Getting their cash and they wouldn't risk that in case the market dropped through the floor! Like today for instance!!
The RNS is for long term planning, the P&D are all on there way out of here as its not for them. Market will stabilize then without mass selling. I expect it to settle a little higher by the end of the day. I have a very small figure in this at a higher price, but the potential for a long term investment is clear for all to see.
If you are here for the long run, buy and buy strong.
FTE and SBLM in the same boat waiting a positive RNS
Very pleased with the way MR is taking us forward and a nit like decorating... If you do it properly it might appear worse before it gets better. We are where we are: much of the prep and priming is already done and we're getting ready to gloss. SP may have wobbled this morning but I'm comfortable that FTE is far more solid now:-) GLA DYOR (there's plenty out there:-)
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