• Boss Energy is a uranium exploration and development company listed on the /ASX.
  • The company’s flagship asset is the Honeymoon Uranium Project in South Australia.
  • Boss Is the sole owner of Honeymoon, a project spanning 2,595 square kilometres.

In June of 2021 Boss released an Enhanced Feasibility Study for the once producing Honeymoon Mine, justifying its restart.  The study was positive enough to lead to a final investment decision to proceed with the project in June of 2022.

On 6 December of 2023 Boss announced its entry into “multi-mine” status with a joint venture on the Alta Mesa uranium Project with enCore Energy.

19th Jan - BOE

Source: ASX

On 21 December the company announced its first sale to a US based utility company for one million pounds of uranium from Honeymoon over seven years.  Boss expects production to commence at Honeymoon in early 2024.

 

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Over the five years nuclear energy has begun to regain favor as a renewable energy source, the more than one thousand percent share price appreciation of Boss Energy dwarfs that of ASX listed rival uranium company Paladin Energy (ASX: PDN) at over six hundred percent.

That kind of share price appreciation frequently prompts some analysts to suggest taking profits.  An analyst at Red Leaf Securities has a SELL recommendation on Boss Energy shares for that very reason.

Some investors worry about taking profits too soon.  Although nothing is certain in share market investing, tracking the supply/demand for a given commodity can help with that question.  If miners rush to increase production leading to a supply glut, the price will fall.

On 17 January the world’s largest uranium producer — Kazakhstan’s national uranium company – expects a reduction in production in 2024.

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