Does MM like uranium stocks today?
Hi Guys What's your view on where uranium is going and specifically the affect on PDN & BOE, without Russia is the enrichment process a constraint and likely to affect prices & supply.
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Answer
Hi Paul,
A lot of moving parts are involved when it comes to the uranium price but appetite is building as other energy costs rise as the world strives to move away from fossil fuels. We are bullish uranium moving forward although “the when” its starts to really gain traction is hard to forecast due to the uncertain geo-political backdrop e.g. hopefully the Russia-Ukraine conflict is close to a conclusion.
In terms of Paladin (PDN) and Boss Energy (BOE) they are both volatile stocks which we like into dips e.g. PDN under 70c and BOE below $2.50.
NB We own PDN in our Emerging Companies Portfolio.
