Monsters of Rock: Uranium bulls are getting excited, but Rio-backed miner is after more cash so it can CLOSE

Monsters of Rock: Uranium bulls are getting excited, but Rio-backed miner is after more cash so it can CLOSE

Rio’s uranium miner ERA confirms it will be chasing more cash to fund the restoration of its Ranger uranium mine

ERA revealed major cost blowouts for the project to rehab the NT operations in February

Gold Road close to completing takeover of DGO after hitting compulsory acquisition mark

Uranium bulls are pretty excited right now.The nuclear fuel has a new lease on life as a mooted solution to the issue of providing firming electricity as the rollout of wind and solar expands and western governments try (though at this point they seem to be largely failing) to wean themselves off fossil fuels.Spot prices may have fallen from above US$60/lb a couple months ago to US$47.50/lb, but that makes the sector a whole lot more investable now than it did five years ago, when prices of US$18/lb made turning a profit in the field a nigh on impossible task.Case in […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet