Has no one twigged yet?This stock is way undervalued compared to the partner company FTE in the UK. That has moved up well on the back of the rising uranium price but it has billions of shares in issue, debt, and bears the exploration costs on Slovakia. Conversely EUU has only 66m shares in issue, no debt and a free carry. Go figure... at the current market cap it has multi bagger written all over it. Now here's the really good bit there was a press leak in Slovakia yesterday:https://www.venergetike.sk/aktuality/clanok/1940-slovensko-ma-noveho-dodavatela-jadroveho-paliva/ Using google translate:
''SLOVAKIA HAS A NEW SUPPLIER OF NUCLEAR FUEL
Author: Martin Dargaj, Today 11:20
According to the information portal vEnergetike.sk is another supplier of nuclear fuel for nuclear units Slovak French Areva. Slovak plant confirmed the name of the company, however, confirmed the fact that someone signed a contract for alternative supplies of enriched uranium.
Slovak nuclear power plants still produce electricity only because the Russian nuclear fuel. Given the situation between Ukraine and Russia is about five months before they started competent, as well as the media, to wonder whether it is good to be nowadays depends only on the import of nuclear fuel from Russia. Although Slovak plant had no problems with the import nuclear fuel from Russian company TVEL, left nothing to chance. Signed a contract for the supply of enriched uranium with an unnamed alternative suppliers.
They signed
According to the information portal vEnergetike.sk is another supplier of nuclear fuel for nuclear units Slovak French Areva. Slovak plant information, that is a French company confirmed, but nor disproved. "In order to diversify the fuel supply, we entered into a contract for the supply of enriched uranium for power plants operated with alternative suppliers, active since 2015. The signing of the agreement is one of the results of long-term project lasting several years, the diversification of fuels Slovak power," said a spokeswoman for the portal vEnergetike.sk Slovak Janka Burdová plants. Power plants yet has not specified whether they will ever alternative nuclear fuel in its four nuclear units to use, or is it a guarantee if necessary.
The injury?
See if the French are able to Slovak nuclear units at Bohunice and Mochovce prepare nuclear fuel that will be suitable for the Russian VVER type reactors. So far, namely nuclear fuel produced for these projects only by the Russian company TVEL. In previous attempts to replace the Russian nuclear fuel for fuel western type. Czech CEZ is also trying to take fuel for its reactors VVER from the American company Westinghouse. For technical problems, however, returned to the Russian supplier.
Treaty with the Russians
Slovak power plants currently have a valid contract for the supply of nuclear fuel to the Russian company TVEL. Signed it back in 2008 and entered into force in 2011. The Russian news agency Ria Novosti then informed that it was a contract worth 500 million euros. Company upon signing the contract and signed an agreement that talks about the conditions of cooperation after 2015, the agreement provides that TVEL will manufacture and supply fuel for existing and planned reactors in Slovakia.
Diversification Minister promised
Diversification of nuclear fuel promised branno-Parliamentary Security Committee in May this year even former Economy Minister Tomáš Malatinský. He said then that not only Slovakia is looking for an alternative supplier of nuclear fuel, but also other European Union countries that operate nuclear units of the Russian type. "We have a common strategy, which we want to solve," he said then, former minister Malatinský. ''
Now if you have done any research on this stock you will know that Areva has a strategic alliance with EUU and is a significant shareholder. Now where do you think they will extract the uranium from for that enrichment deal? This must be the easiest multi bagger you will ever come across if you move before the news spreads