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Re: Bobwins post# 17685

Monday, 11/14/2022 7:10:17 PM

Monday, November 14, 2022 7:10:17 PM

Post# of 17721
LEU +.42 to 39.87

LEU was cruising in the mid forties until they announced Q3 earnings. Big drop in revs and profits so stock crashed to around $30 on Nov 9th.

I bought more at $35, 35.17 and 31.50 on the way down. LEU is the only licensed supplier of HALEU in the US. HALEU is projected to be the version of fuel for advanced design reactors going forward, including most of the new Small Modular Reactors(SMR) that are on the drawing board.

Then Thursday the price started recovering based on an announcement out of the Dept of Energy.

LEU and Dept of Energy will share the $150million dollar cost to produce a limited amount of HALEU at the Centrus plant. This subsidy is obviously designed to encourage US based production of the fuel for the future and allow LEU to get ready for regular production in the future to fuel the US based nuclear plants.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE