Interview with Mark Chalmers, CEO of Energy Fuels (NYSE: UUUU). We meet Mark Chalmers for the first time as he comes to London as part of his European Roadshow before he heads to New York to talk to more investors and potential investors.
Top Three decision making criteria when investing:
1. My big takeaway from this discussion, and one I would encourage retail investors to look at and do their homework on, is that uranium mining is not easy. It is complicated.So if management teams have not been through a cycle before, have not produced uranium and sold uranium into the market before that would make me extremely nervous. Those management teams, to use I phrase I heard in this interview, do not know what they do not know.
2. The other element that is really important is that uranium companies now more than ever, before the market turns, need cash. Cash is king. Those without cash will struggle. There is only so much waiting and cost cutting that can be done. Energy Fuels has +$40M.
3. The asset or assets need to be good. Grade and technically. What infrastructure do they have in place. The big win for Energy Fuels is their mill .functioning and operating. the only one in the US. It can process either Uranium and Vanadium.
Mark Chalmers has had a lot of criticism for submitting the Section 232 Petition but he argues it was necessary but reluctantly done. He is honest and open. What do you make of his positioning in the market. And do you think Energy Fuels has what it takes to get a seat back at the table?
We Discuss:
0:44 - WNA: What are The Expectations?
3:15 - The Market: Uranium Commodity Cycles, Prices and What Can Energy Fuels Control
15:00, 28:10 - Competitors and Potential Opportunities
25:05, 32:10 - Energy Fuels: Assets, The Mill, Utilities and Restoring The Share Price
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