#6. Brandon Munro - Kazatomprom's Strategies for 2020
Matthew Gordon, Ptolemy Capital
2 Weeks ago
Munro is back. What pearls of wisdom does he have to share for uranium investors this time around?
It's been a week of calm, contemplation and reflection in the uranium space. Uranium investors have been able to take a breath after an extremely eventful period. Munro states he has a range of supply curtailments, with Kazatomprom announcing there will be at least at 10% disruption to 2020 uranium production, which is already operating at a significant deficit. As part of his work for Bannerman Resources, Munro has seen a slight relaxation in lockdown policies in Namibia. He is just starting to see the mines get back into a semblance of normal production. He believes Namibian uranium mines will struggle to hit their optimal numbers for several months, and this punches another big hole in the supply side of things given that Namibia is the fourth-largest uranium producer in the world. Cameco's Cigar Lake is still down indefinitely.
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