BOE - Boss Energy

[Sean K]

Share consolidations have not been kind to me the past two weeks. Chart looking a little weak. Broken that diagonal up support a few days ago and through the 50dma but sitting on some support at 2.10. Not a big enough dip for me to add yet though. Waiting for uranium to show which direction it's going as well. It's currently in a pretty tight flag generally on the way up, so all else being equal should break north.

 

[Sean K]

Sprott research note out after the recent announcements regarding re-start plan.

 

[craigj]

Boss looks the uranium play for 2022 well positioned for a shift in demand supply ratio

 

[Sean K]

Sprott came out with an updated research note recently. Not sure why, not a lot has happened. I think they own a chunk of it so maybe they're just ramping it.

 

[Sean K]

Some interesting exploration and extension drilling results, high grade but narrow, but I think that's the style of the overall deposit. Most interesting are the results close to the Honeymoon Restart Area (HRA) which is what they've based the re-start feasibility study on and just 35Mlbs of their global 71Mlbs. If the start up resources significantly increased that would be very good for the first several years of mining from Honeymoon.

Market Cap around $500m, and still looks pricey for something that might not go back into production unless uranium gets over the right threshold. They're claiming an AISC/AIC of $25/31 so I can't imagine they're far off. Incentive price for new mines is $60. Might be a matter of locking in some sales contracts. I'm sure they're out there talking to the utilities now.

 

[Sean K]

This might be of value to BOE. In about 10 years.

 

[Sean K]

Took a calculated pluck and caught the knife on my U stocks today after the mis/disinformation regarding the nuclear plant in Ukraine. Still might be trouble but from the news I watched, the plant is not a problem. Managed to get in close to the lows of the day.

But, who's to say Russia won't bomb it anyway just to make life harder for Ukraine.

 

[Sean K]

Chasing ATHs at the moment. Was a great opportunity to top up on that oversold crash in uranium stocks due to the war. POU seems to have broken out of its sideways consolidation and into the $50s. U stocks responding as expected so far but we still really need to realise that $60 incentive mark for the mothballed mines to go full steam ahead. Will be interesting to see what the sanctions of Russia do to the overall U market.

 

[Sean K]

Glad I get to participate in the SPP but as usual, it's at a discount to the last few weeks price so the SP might track down to that level anyway. Hopefully no nuclear accidents between now and then.

I guess they're pretty sure they're going to re-start the mine - along with the big investors, whoever they are. I guess Sprott is one.

 

[Sean K]

Gotta love an SPP when it goes to plan and the commodity you're in goes on a run in the meantime.

It's paid to be patient with these uranium stocks and buy dips. Hard to keep the conviction up at times, but it's paying off for longer term players.

Gunna be hard to beat the $2.80 zone.

 

[Sean K]

Boss seems to be almost through that resistance zone, but not counting my chickens. Approaching Sprott's target of $3.20 and they were probably ramping it a bit as they own a chunk. Likely profit taking around here I'd expect, but hopefully those old tops become support.

 

[finicky]

Probably a ramp but could it be plausible?
How about PEN? Its properties are in the States aren't they?
Doubt I'll get into uranium - too late.

United States and Canadian-based uranium companies are set to soar on a coming Russian production ban in the Western world, GoldSilver.com’s senior precious metals analyst, Jeff Clark, told an industry audience at the VRIC conference in Vancouver on Tuesday.
“Uranium is already in a bull market,” Clark said. “Yes, those prices have come down just like the others have, but for fundamental key reasons such as supply-demand … growing globally for uranium and nuclear power,” he said.

He believes Russian uranium, which still accounts for about 50% of U.S. consumption, will soon be banned in retaliation for Russia’s invasion of Ukraine. “They’ve done it for oil and gas, but they haven’t done it for uranium. But that is coming. That is a done deal. It’s going to happen,” he said.
They’re still reliant on Russian uranium, yet the ban is coming. It will make U.S. and Canadian companies all that more attractive,” he said.

Clark said likely to benefit from the move are Uranium Energy Corp (NYSE American: UEC) and enCore Energy (TSXV: E.U.; USOTCQB: ENCUF). He holds large positions in both companies, which are in pre-production.
“Not only are they going to be more favoured because of bandwidth, whenever it comes, but they’re also going to be in production next year,” said Clark.
Clark also highlighted Boss Energy (ASX: BOE) in Australia

US, Canadian companies set to soar on Russian uranium ban

Uranium has strong fundamentals in place, with political support growing worldwide, VRIC hears.

www.mining.com

 

[Sean K]

On the way to production, even though POU has come off the so-called $60 incentive price. AISC is only going to be about $25 so it'll make money. Hopefully POU goes north in the longer term as is expected once Japanese plants all come back on line and new ones built in Europe to get off Russian O&G.

I wonder if there's going to be more M&A in the U space after the DYL and VMY tie up...

 

[Sean K]

Q&A on you tube.

 

[Sean K]

BOE heading back to a wall of trouble around the $2.80 mark. Currently finding $2.50 hard work, but hopefully she makes it through. Will be some profit taking after that I reckon.

Still somewhat at the mercy of the U sector and what happens with U price while the Ukrainian war and Russia sanctions unfold. Even Kazakhstan has a role to play in this with the supply demand scenario. And, only need one of the reactors in Ukraine held by Russia to have an 'accident' and we're all in the poo.

 

[Sean K]

BOE on track, which is good. Some way to go, but at this rate will be Australia's next uranium mine.

MC approaching $1b, which seems a bit heady to me.

There was some selling around the $2.80 mark as guessed above, and working it's way to that level again. I anticipate more selling at these levels, unless POU goes on a run. Could make old highs around $3.00 at best, unless something else extremely positive occurs. 2C

 

[Sean K]

Bought into this just prior to the breakout in uranium stocks in Sep last year and been adding on significant dips. Probably have too much of it now, especially if a nuclear plant blows up somewhere in Ukraine.

Dipping back into a top up zone for me.

 

[rcw1]

Bought into this just prior to the breakout in uranium stocks in Sep last year and been adding on significant dips. Probably have too much of it now, especially if a nuclear plant blows up somewhere in Ukraine.

Dipping back into a top up zone for me.

View attachment 150407

Good morning
Some SP excitement. Picked up Monday some nice movement triggered a desired rcw1 response. Numbers looking good today again, as was yesterday, however retraced. Numbers may stabilise and SP move slowly dedicated north into a better quadrant of gain.

Some reading for the believers:

BOE News | Today's Boss Energy News - Market Index

The latest news articles and insights for Boss Energy Ltd (ASX:BOE) from the team at Market Index.

www.marketindex.com.au

Interesting beast this one, reckon....
Holding
Kindly conduct your own due diligence.

Have a very nice day, today.


Kind regards
rcw1

 

[Sean K]

I'm not sure why the market likes this announcement. Up 7%... POU is down as well, so I don't get it. Mr Market must be reading this as the POU must be heading back to $80 but to me it reads that this is unviable unless it gets to $80.

A good way to play this over the past year is buying around the $2 mark and selling below $3. Not sure how much longer this trend plays out though.

 

[Sean K]

A month later and this is still running to script.. Buy dips and sell tops. I'm not sure what will get it out of this channel. Maybe POU clearly breaking 60 bucks, or breaking down through 40. Could go either way in the short term depending on what happens in Ukraine and Russian/Kazakhstan supply. Longer term I can't see how nuclear is not going to be a large part of the energy mix. Even #BlackOutBowen might agree it's necessary to stop the oceans from boiling over.