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Gold/Mining/Energy : Uranium Stocks

URNM 47.36

-0.9%

Oct 3 4:00 PM EDT

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To: ItsAllCyclical who wrote (27895)	9/3/2024 10:02:48 PM
From: ItsAllCyclical	of 28146

LOT - Continued From the CC if you do the math and look at how much they raised w/this forward sale (early pre-pay deal), and then apply to their remaining production from 2026 to 2030, I get 120 mil raised. My math could be off, but it looks pretty simple. New deals should be done on better terms as well. So I can see where the CEO has confidence that they can make into production mostly, if not all doing similar deals. I don't think the shorts are going to get their expected dilution anytime soon. Some of this was probably related to Global Atomic (but shouldn't be) and some of course is sector wide. If you look at what the Ute/Buyer is getting: 1.5 mil lbs (at a min of $80) would be 120 mil. So for less than 10% of the total purchase price they can lock up some future supply. Since it's a restart and OP, should be far less risk. Will be interesting to read what UI and others say about this. Let me know if you listen to the CC if I'm on the mark or not. This is not just good news for Lotus it's really the entire sector to a degree showing this model works. They still need to strike a 2nd agreement on similiar if not better terms, but shorts really playing w/fire here.

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