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BOE - Boss Energy

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Boss Energy Ltd (ASX: BOE)​


The Boss Energy share price is up 12.43 to $3.98 today.

Investors have been buying this uranium producer's shares this week following the release of its quarterly update. That update revealed that it has generated its first free cash flow from the Honeymoon Project in South Australia. Boss Energy's managing director, Duncan Craib, said: "This was a pivotal quarter for Boss as we started generating free cashflow at Honeymoon.

This milestone is the result of the highly successful ramp up, which saw production and costs meet or exceed our guidance. Importantly, we generated robust margins at current prices, demonstrating the strength of Honeymoon in the current market and the project's immense upside on the back of future increases in the uranium price as the market tightens."

1746599578568.png
 
My reason for picking BOE Boss Energy for the June Comp are as follows;

On Friday night president Trump signed not one but four executive orders in relation to boosting nuclear energy use in the United States. The orders were to speed up reactor testing, allow Dept of energy and defence to build nuclear reactors on federally owned land, overhaul Nuclear regulatory commission to eliminate red tape and the fourth order was to boost mining and enrichment of uranium in the United States. These four executive orders have so far light a fuse with uranium miners leading to impressive gains in the North America market and I am predicting should give BOE a big boost with it's stock price with the ASX.

My other reason was as of May 19, there was a 23% short interest with BOE which should lead to a short squeeze and lead to a spike in stock price as short sellers rush to exit their short positions, tough luck !.

I bought back into this stock on Friday through member direct.

@joeblow
 
ASX Release 2 June 2025
FOR FURTHER INFORMATION PLEASE CONTACT:
Boss Energy Limited

Boss prepares for further growth and transition with key Board appointments

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) is pleased to announce the appointment of two highly
experienced Directors to help bolster its Board capability and further enhance the Company’s overall
investment credentials as it continues to grow production and cashflow.
Former Assurance Partner and Chartered Accountant Joanne Palmer has been appointed a Non-executive
Director and Chair of the Audit Committee, effective 1 June 2025.
Ms Palmer is a former partner at international accounting firm EY and a former Executive Director at
Pitcher Partners. She led EY’s Financial Accounting Advisory Services team in Perth with a strong focus on
the resources sector. In this role she provided external audit services, technical accounting, regulatory
advice and finance function support services with a focus on transaction support and mergers and
acquisitions.
Ms Palmer currently serves as a Non-Executive Director of ASX200 company Karoon Energy as well as ASX-
listed gold companies St Barbara and New Murchison Gold and previously served as a Non-executive
Director at uranium producer Paladin Energy.
Caroline Keats will join the Board as Non-executive Director, effective 1 June 2025. Ms Keats has 20 years
of corporate and commercial experience and has served in various executive roles. For nearly 15 years
she worked in the mining industry in Australia and foreign jurisdictions, including her time at uranium
producer Paladin Energy during the previous cycle, where she managed the group’s legal function at a
critical time when the company was finalising financing agreements, entering into sales agreements for
the supply of uranium and progressing its second mine in Africa from development into production. Prior
to these roles, Ms Keats was employed by a top-tier national law firm as well as a boutique mining law
firm.
Boss also advises that Bryn Jones will retire as a Non-Executive Director of the Company, effective 2 June
2025. Mr Jones was appointed to the Board as a Technical Director in September 2019, having been a
consultant at the Honeymoon uranium mine since its pre-feasibility study in 2016.
Mr Jones led Boss’ technical owners team as it conducted a series of technical optimisation studies,
ranging from revising wellfield design plans to incorporating NIMCIX columns to drive operating efficiency.
He delivered an Enhanced Feasibility Study in June 2021 which demonstrated Boss was perfectly placed
to capitalise on a strengthening uranium market with an existing plant and mine in a tier-one location
with low costs and strong financial returns.
Mr Jones was appointed a Non-Executive Director at Boss in August 2021 as the Company entered the
next phase of project execution and development for Honeymoon’s restart.

1749525287579.png
 
Here's Hoping this is the start of the uranium Bull!!!......I Own Energy Fuels UUUU in the U.S as a result of an Australian Company that i owned whom they took over in Base resources.

Hopefully my decision to hold on is about to pay off! :p
 
Antirnator said:
Oh No!! $2.20...
Click to expand...
touched $2.03

MARKET OUTLOOK
The second quarter reflected what could be a positive turning point, reflected by several positive catalysts.
• In the US, the Nuclear Fuel Security Act and the Department of Energy are showing improved support to accelerate uranium and nuclear development.
• Globally, China continues to rollout new reactors and further support is being shown in India, Japan, Canada and France.
• The spot price remains volatile, going as low as US$64.4/lb and finishing at US$78.50 in Q4. Term price (which remains the main indicator of fundamental value) has held firm at US$80.00/lb.

FY GUIDANCE
The FY26 plan that makes up guidance is as follows:
• Production: Production for FY26 is based on the operation of 9 wellfields by June 2026.
• Cash costs: Cash costs are expected to increase compared to FY25 primarily due to an expected decline in average tenor and an optimised lixiviant chemistry, mainly to decrease pH from 1.4 to 1.3.
• Sustaining Capital Expenditure: This includes the sustaining capital to build ~4 to 5 wellfields, all of which are expected to be brought online in FY26.
• Project and Supporting Infrastructure Capital Expenditure: Approximately half of Project Capex reflects the cost to fully complete columns 4, 5 & 6, with the remainder being mostly wellfield supporting capital and a small amount of plant improvement capital.
 
Dona Ferentes said:
touched $2.03


FY GUIDANCE
The FY26 plan that makes up guidance is as follows:
• Production: Production for FY26 is based on the operation of 9 wellfields by June 2026.
• Cash costs: Cash costs are expected to increase compared to FY25 primarily due to an expected decline in average tenor and an optimised lixiviant chemistry, mainly to decrease pH from 1.4 to 1.3.
• Sustaining Capital Expenditure: This includes the sustaining capital to build ~4 to
5 wellfields, all of which are expected to be brought online in FY26.
• Project and Supporting Infrastructure Capital Expenditure: Approximately half of Project Capex reflects the cost to fully complete columns 4, 5 & 6, with the
remainder being mostly wellfield supporting capital and a small amount of plant improvement capital.
Click to expand...
This stock is really volatile like being a rollercoaster ride. I had BOE for just over a year and doubled my money but am done with volatility, somebody else can take place on the rollercoaster.
 
I feel for you BOE holders, as @DannyB0000 said it has been a roller coaster ride. Does anyone have a number for the nameplate capacity of the project and by what percentage it fell?

gg
 

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