UEX Corporation (TSX: UEX) - Just shock you like you won't believe
Matthew Gordon, Ptolemy Capital
6 Months ago
Interview with Roger Lemaitre, President and CEO of Uranium Explorer, UEX Corporation (TSX:UEX).
After lying in a coma for what seems like an eternity, investors have been hoping a white swan moment could make the uranium space has show signs of life. A slightly rising spot price has been driven by perceived tightening of uranium inventories and supply. However, uranium securities still haven't been rallied by the events. Yesterday, Cameco announced its shutdown of Cigar Lake would be extended for an indeterminate period, and this still hasn't invoked any kind of significant uranium revival. This adds to the expectation that had already been built up by KazAtomProm's operational update, which stated that annual production would fall by up to 4,000t uranium from previous expectations. While UEX Corp. has no control over the market itself, how is it positioned to take advantage of a potential uranium renaissance?
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