BOE - Boss Energy

[Sean K]

M&A? Who? Buy LOT please.

 

[Sean K]

I can't see anyone else in a TH. LOT still floating... :-(

Must be an unlisted company.

 

[Sean K]

Spending big on what looks only to be a strategic investment. I don’t get it really. They haven’t even produced some Honeymoon cake and they’re diverting attention to being a multi mine company. I have a feeling they’re doing this to prevent being taken over themselves. Call me a sceptic…

 

[Sean K]

 

[bux2000]

BOE appears to have broken out from a cup and handle pattern in a Monthly chart.

bux

 

[Sean K]

Sold this at 3 bucks because I thought it was overvalued.

 

[dyna]

BOE announces first barrel of uranium to be poured in the next fortnight .
S.P. at $5.19 on this morning's news , up nearly 5 %.
Once again , must thank our illustrious Capt'n Chaza for the tip off at $ 4.70 .
( I'll be on the hook , now , for another bottle of Kraken ! )

 

[noirua]

My top ASX uranium stock pick to cash in on production woes

ASX uranium stocks are booming amid soaring uranium prices. Here’s why this leading ASX 200 miner is my top pick to cash in.

www.fool.com.au

As at 31 December, the ASX 200 uranium stock had no debt, cash of $227 million and a uranium stockpile valued at $202 million.

And the ASX uranium stock is set to become a multi-mine uranium producer after acquiring 30% of the Alta Mesa Project in the United States earlier in December.

"This project has many key similarities to Honeymoon and will enable us to diversify our production base on both a project and geographical basis while driving growth in our production and cashflow," Boss Energy managing director Duncan Craib said of the acquisition.

 

[Dona Ferentes]

Boss Energy is up 5 per cent to $4.82

has just produced the first drum of uranium from its Honeymoon project in South Australia

 

[noirua]

Want copper with that? Boss Energy hits orange metal on-site uranium play

The exploration team at Boss Energy announced on Wednesday that its latest drill run on-site has successfully found copper.

themarketonline.com.au

Talk about good luck. An exploration team at Boss Energy’s (ASX:BOE) Honeymoon project announced on Wednesday that its latest drill run on-site has successfully found what it was looking for.

Only thing is, that isn’t uranium. In this instance, the company went on the hunt for copper at Honeymoon – and copper it received in drill cores. That means the project now boasts the two hottest commodities of this year – uranium and copper.

 

[Sean K]

BOE has had an incredible run and well done to management for riding the wave and getting the plant back up and running at exactly the right time. Quite incredible timing really.

But, selling $20m of your shares is not a great look. Could have done it in a more orderly fashion instead of dumping the majority of your stake in one hit.

 

[finicky]

Haha, board is acting to ensure the M.D and the rest remain incentivised and aligned. So suggests they will get the equity sold on market to us numpties replaced for free?
Also how are they aligned when they demonstrate willingness to sell?
What a rort. Red flag for me

Not Held

 

[peter2]

Open profits in BOE gone again. Trying to hold on to this one for the medium term has been too difficult. Admitting defeat with BOE.

OTH I'm making out like a bandit with PDN.

 

[debtfree]

Market Index - Kerry Sun's full article today ....

Is this the perfect clue to sell Boss Energy shares? (Or dip buying opportunity)

Boss Energy's CEO and key directors sold a significant portion of their shares, raising concerns about the company's valuation, management changes, and execution risks.

www.marketindex.com.au

 

[peter2]

The selloff in BOE continues. Price is near an important level that is marked by two prior lows. If BOE doesn't get some support (buyers) down here, then it's going much lower. Very poor timing with the directors' sells.

 

[noirua]

Boss Energy advances global uranium strategy with first production at Alta Mesa

Boss Energy’s (ASX: BOE) global uranium expansion is already reaping rewards, with the company achieving first production from its 30%-owned Alta Mesa

smallcaps.com.au

June 14, 2024 -
“The start of production at the Alta Mesa project is another key milestone in the implementation of our strategy to be a global uranium supplier with a diversified production base in tier-one locations,” said Boss managing director Duncan Craib.

 

[Sean K]

Looking for babies being thrown out with the bathwater and the general uranium space looks interesting.

BOE is now back below where I sold out some time ago, which is slightly surprising. DYL and LOT have been tossed out as well. Yikes.

Maybe they all just ran too hard.

 

[Dona Ferentes]

Guy Keller is portfolio manager of Tribeca’s Nuclear Opportunities Fund. The Sydney-based firm oversees around $3.5 billion in assets.

Has Donald Trump’s election win bolstered your confidence in nuclear? His administration appears likely to roll back renewable energy capabilities.
I believe Trump will be good for nuclear and uranium supply from favoured jurisdictions.

To “make America great again”, Trump needs cheap oil and cheap electricity. One of the main issues holding back new nuclear capacity in the United States has been declining long-term demand for new grid electrons.
But companies like Microsoft are now willing to sign multi-decade power purchasing agreements at a substantial premium to wholesale prices, causing active nuclear reactors to apply for life extension and capacity uprates as well as plans to restart idled nuclear capacity.

The bottlenecks now lie in security of nuclear fuel supply, and lengthy delays associated with regulation and permitting. A Trump administration with Tesla founder Elon Musk at the helm of the new Department of Government Efficiency could potentially solve those issues. Data centre demand for clean and reliable electricity will only continue to grow globally.
This is the beginning of a new energy paradigm and investment opportunity. This is why exposure to nuclear innovation is now roughly 25 per cent of the portfolio.

Which stock in your fund has the most near-term upside?
Boss Energy is the favourite. They are producing uranium from two mines, Honeymoon in South Australia and Alta Mesa in Texas. Trading on a price to net asset value multiple of roughly 0.50 times when it should be closer to one times, it sits alongside advanced development projects on greenfield sites, which means it is undervalued. Like many of its ASX-listed peers, it suffers from elevated short interest, but that is a thematic trade and not company-specific. When those shorts move on to another commodity thematic, all the ASX-uranium stocks will play catch-up to their US peers.

Have you noticed any change in sentiment towards nuclear energy in Australia in the time you’ve been investing the space?
Yes. When we launched the fund seven years ago, people thought I was crazy, but there has been a real shift in positive attitudes towards nuclear power in Australia. The AUKUS deal was largely accepted without too much fanfare and there has been a real awareness of how nuclear power is not only reliable but also a source of low- to zero-carbon electricity.

The majority of younger Australians accept the green credentials, and older generations express frustration that this energy source is banned because of political ideology and not facts. In some ways, the political debate has kept the issue in most living rooms, meaning more Australians might question why this is illegal when 33 countries have safely used nuclear energy for decades. Remove the ban, and allow corporate, academic and scientific Australia to review the case. This also allows government departments to dedicate resources to review the case.

Will next year’s federal election impact how you invest?
The majority of the investments in the portfolio are global, as are the demand drivers. A change in the federal government will not necessarily alter my investment strategy in the near-term unless it results in Queensland and Western Australia changing their anti-uranium mining views. I believe that removing Australia’s nuclear energy ban will open several new conversations with corporate Australia as well as global nuclear energy providers. A ban removal would also likely pique investor interest in the uranium sector (and my fund)..

Any podcasts you’d recommend?
Too many to mention, but I am starting to prefer shorter episodes to fit my daily commute! I do have a soft spot for Crux Investor (and have featured several times on his show).

 

[dyna]

Fundie "State Street" has recently sold down BOE by 1 1/2 % to 10 + % . That's left it holding nearly 42 million shares right now .
So , Insto's are still keen on it . Nothing really wrong with the stock , one would have to think . Just the S. P. that has copped a fair whacking from the market .

 

[finicky]

Energy related, old and new, predominated in the ASX200 loser board this week, with Boss Energy the worst of all.

Not Held