Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Welcome Back I know you don't hold (or rate) Boss Energy but in a situation where you were already on board (and all the recent bad news & uncertainty is in the price) would you hold, on based on a forecast rising commodity price lifting all boats, or would you look to drop it and invest in other Uranium miners? Thanks for all your help. Cheers Derek
Hi Derek,
Boss Energy (BOE) has been hammered over the last 6-months, primarily after they withdrew their 2021 Enhanced Feasibility Study for Honeymoon after a review found the geological continuity and leachability of the uranium deposit were weaker than assumed, raising concerns about future production and cost profiles which significantly undermined long-term valuation models and triggered the steep decline.
For now, BOE remains high risk, even against a supportive uranium price backdrop. Instead of a simple leverage-to-uranium story, this is now a clouded geology and execution question that will take time to answer – it could easily half or double on the next piece of news. After the recent rally from the lows, if we held, we’d probably be tempted to scratch the position and wait for a pullback to buy another stock in the sector, though it’s a hard one to answer.
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