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BOE - Boss Energy

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Uranium is starring again today and is long overdue IMHO,so Boe my choice for this month competition
 
Since the uranium breakout about eons ago I've managed to skim some minor paper profits at the tops and was trying to buy dips early on but I've given up and have just been watching and waiting for the uranium price to break up from this sideways action across $50 ish. But, this is getting really boring. I'm running out of patience. However, I do still believe in the longer term narrative that nuclear is going to be a much bigger piece of the energy mix once the dust settles in Ukraine and governments wake up to the fact RE will not be able to hold up the electricity market. So, a bit on the fence.

BOE still doing it's thing. Going sideways up and down between these lines. Boring. Will probably only move up beyond this zone once POU goes over $65 and they get back into production, or when I sell. Not sure if it's an M&A target or another merger candidate with DYL which might give it a boost.

 
Still on track for production this year.

MC $800m and SP just above first support.

I have a feeling the only thing that will re-rate this from here to ATHs is M&A in Boss's favour or POU pushing $70+..


 
Quarterly out just updated the update from a few days ago. Still on track.

Looks like a production shortfall looming from 2025. Hopefully that means POU increases to the $60+ level which will make this more profitable and allow things like LOT to restart.

BOE is trading above it's NPV on $60lb on it's restart financials for some reason. Seems a bit weird.

POU been going sideways for a long time now.. zzzzzz

 
It maybe a bit of a false start for Uranium but I have entered BOE in the May Stock Picks.
The chart appears to indicate a break out but time will tell. A month is a long time in the Current Market.

bux
 
POU having a bit of a good time has revitalised a few U stocks. BOE probably the best of them, approaching ATHs again. Not sure how she breaks this upper barrier. If I was short term trading this I think I might have done much better buying more dips and selling resistance.


 
Surprised BOE didn't benefit much from the Namibia brouhaha. POU breaking up as well. Maybe this top resistance line represents perceived fundamental value. MC nearly a billion I guess. Unless POU really runs then it might be stuck in the zone. Maybe first production later this year will be a sugar hit.

 
Goodbye for now BOE. You've been very good to me the past couple of years, but I might see you on the next inevitable dip.

 
As with CHN, appreciated that you're letting us know when you're getting out - but what about when you're getting in? I might want to piggy back. This yang aspect is absent from your posts.
 
finicky said:
As with CHN, appreciated that you're letting us know when you're getting out - but what about when you're getting in? I might want to piggy back. This yang aspect is absent from your posts.
Click to expand...

I've generally been yang'ing along the way but haven't been that explicit about it. Will try to improve my game.

See posts around 2 July 21:

 
finicky said:
As with CHN, appreciated that you're letting us know when you're getting out - but what about when you're getting in? I might want to piggy back. This yang aspect is absent from your posts.
Click to expand...

Must also add though finicky, while I might make an initial buy on X date I generally scale into companies I have a medium-longer term view on. Then on the way I'm pretty active buying and selling until I think it's time to move on. I bought and sold chunks of BOE several times over the past 2 years. I've only fully closed out positions on six companies this FY that I haven't bought back into but I've made a couple of hundred individual trades. I'm not sure if I can provide the yin and yang to that.
 
Point taken and I have torn up my draft of complaint to the moderator. I'm largely a buy, accumulate and stick investor so I concede that is a style where it's more meaningful to declare a buy.

Not Held
 
BOE holding well above the break up zone across 3 bucks ish. MC now at $1.1b.

Exited this because I thought it was going to struggle to hold at 3 dollars due to the chart and also the fundamentals. The last financial study gave the project an NPV of $412m at POU $60 and $729m at $80. I'm a bit confounded how it can be trading so much above it's NPV. A lot of blue sky factored in perhaps.

Maybe adding resources, increasing LOM and upgrading the plants to a higher throughput will increase the NPV.



 
from Livewire Markets

Boss Energy is set to be the first ASX-listed uranium producer since the sector's decade long bear market that started around 2011. The company announced two major milestones this month, including:
  • Delivery of the first set of NIMCIX loading and elution columns, which is central to its uranium processing plant
  • High-grade drilling results from 21 holes that'll pave way for an increase and upgraded mineral resource
Boss has been one of few uranium stocks to break out of recent trading ranges, up a little over 50% year-to-date to levels not seen since 2008. The recent almost $70,000 buy from Independent Director Jan Honeyman represents the first insider buy since March 2022
 
I am entering BOE in September stock picking competition perhaps I should have stuck with it. The Uranium sector seems to be the flavour of the month so why not.
It was a toss up for me between BOE and BMN so will be interesting to see how they work out at the end of the month but following my new high thingy. BMN appears to be forming a cupand handle pattern which made the decision even harder.

Thanks
bux
 
Last edited:
I obviously got off the train on this baby too early, but oh well, had a good run. Left quite a bit on the table for the next punter which I'm sort of happy to have done.

Now worried I might do the same thing with DYL.

 
This has been a bloody champion the past 6 months.

MC now $1.6b. I'm not quite sure how that's justified hence I donned parachute and landed somewhat wealthier. But geesh, left a lot on the table...

 
Sean K said:
MC now $1.6b. I'm not quite sure how that's justified hence I donned parachute and landed somewhat wealthier. But geesh, left a lot on the table...
Click to expand...
I looked at BOE and it was a choice between it and the ETF. Both have been following the uranium price. To me the EFT was a better bet without the any issues BOE as a company may have.
If I remember correctly, I posted in the URNM thread.

 
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