BOE Boss Energy

BOE Boss Energy

BOE overview

Boss Energy Ltd (ASX: BOE) is a minerals exploration company. It holds interests in the Honeymoon uranium project located in South Australia. Boss describes the project as one of the few ready to participate in the new uranium bull market.

The company released an enhanced feasibility study for the Honeymoon Mine restart in June 2021. It determined changes to the mine’s processing plant would lower costs and increase financial returns. Construction work is underway at the site with first production forecast for the quarter ending December 2023.

BOE quick overview, no revenue but income.


Recent peak & bottom

Key events

Key dates and annoucements

BOEDateWeeks%News?News dateTittle
Peak29-Sep-2327.6140%Yes28/09/2023Growth at Honeymoon with two new satellite prospects
Bottom20-Mar-234.7-24%No24/04/2023Boss on track for production in December quarter
Peak15-Feb-236.940%No24/04/2023Boss on track for production in December quarter
Bottom29-Dec-2215.0-28%No23/01/2023Committed expenditure for Honeymoon reaches halfway mark
Peak15-Sep-2211.988%No06/10/2022Boss secures key approval for restart at Honeymoon
Bottom24-Jun-2240.0-37%Yes26/04/2022Quarterly Activities Report

News update

09 Mar 2023 price bottom 30/03/23

Uranium and gold: What are the best ASX shares to buy for these minerals? by Tony Yoo

Paladin Energy Ltd (ASX: PDN) and Boss Energy Ltd (ASX: BOE), they are both volatile stocks which we like into dips.”

Gerrish’s team would be tempted to buy when Paladin sneaks under the 70 cent mark and Boss dips below $2.50.

They closed Wednesday at 66.5 cents and $2.36 respectively.

The Market Matters team already owns Paladin Energy in its emerging companies portfolio.

23 Mar 2023 price bottom 30/03/23

Buy these ASX uranium shares before it’s too late: Bell Potter by James Mickleboro

According to the note, the broker has named Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN) as its top two uranium shares to buy now, with Deep Yellow Limited (ASX: DYL) also a worthy candidate.

It has a speculative buy rating and $3.51 price target on Boss Energy shares, which implies potential upside of 63% over the next 12 months.

Whereas for Paladin Energy, the broker has a speculative buy rating and 99 cents price target on its shares. This implies potential upside of 69% between now and this time next year.

Finally, it has a speculative buy rating and $1.04 price target on Deep Yellow shares, which suggests almost 100% upside for investors.

Bell Potter explained why it is bullish on these uranium shares, it said:

BOE and PDN are our top two picks for restart operations. BOE is expecting to restart its Honeymoon uranium mine in Dec-23, with the next key catalyst being announcement of binding offtake agreements. PDN is expecting to restart the globally significant Langer Heinrich Mine in the Mar-24 quarter, with utility offtake contracts secured covering the majority of production over CY2024 and CY2025. In the developers/explorers space we like Deep Yellow Ltd (DYL – Buy Speculative, valuation $1.04/sh) on a valuation basis with two advanced projects, Tumas and Mulga Rock, looking to feed into the market towards the middle/end of the decade.

16 Sep 2022 price peak 15/09/22

Why is the Boss Energy share price melting 8% lower? by Aaron Teboneras

Boss Energy is set to finish the week deep in the red.

  • Boss Energy shares fall 7.90% to $2.68 during late afternoon trade 
  • Uranium prices tumbled overnight along with the rest of the energy sector 
  • Investors appear to be pulling out of the market as the US Fed Reserve looks more than likely to raise interest rates 

Shares in fellow miners, Paladin Energy Ltd (ASX: PDN) and Deep Yellow Limited (ASX: DYL) are down 4.44% and 8.37%, respectively.

Investors are offloading the Boss Energy share price after uranium prices have continued their descent in the past few days.

Otherwise known as ‘yellowcake’, the heavy metal is fetching for US$50.85 per pound, a drop of 0.68% from the previous close.

At the beginning of the week, uranium was being traded around US$52.68 before the energy sector tanked.

For context, the S&P/ASX 200 Energy (ASX: XEJ) sector is the worst performer across the ASX today with a 4.11% decline.

In addition, the Global X Uranium ETF (URA) nosedived by 4.04% last night. The index fund covers a number of companies involved in uranium mining and the manufacturing of nuclear equipment.

This comes as investors have pulled out of the commodity markets in fear of the Fed Reserves’ impending rate hike.

09 Jun 2022 price bottom 24/06/22

Why Boss Energy, Crown, Magellan, and Shaver Shop shares are rising by James Mickleboro

The Boss Energy share price is up 3% to $2.52. This uranium developer’s shares were given a boost this morning from a broker note out of Macquarie. According to the note, the broker has retained its outperform rating and $3.20 price target on Boss Energy’s shares. This follows news that the US is seeking to wean itself off Russian uranium.

12 Jul 2022 price bottom 24/06 & peak 15/09

The ups and downs for ASX uranium shares in the 2022 financial year by Bernd Struben

  • Most ASX uranium shares beat the benchmark returns in FY22 
  • Uranium prices hit 10-year highs in April 2022 
  • Global interest increased for uranium’s carbon free baseload nuclear energy potential 

Uranium prices tracked higher over the first nine months, reaching more than US$64 per pound in mid-April, according to data from Trading Economics. Since then, prices have fallen back to US$48 per pound, though that’s still well above the US$30 per pound on 30 June 2021.

KiotX

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