Price Forecast:

Bullish Case: A potential production ramp-up amidst strong global uranium demand could push UEC shares significantly higher. With heightened interest in nuclear energy, stable future pricing, and current low valuations, upside risks appear compelling.

Bearish Case: Continued production delays and adverse market sentiment could pressure UEC's share price. High insider selling and volatility suggest potential declines as market conditions remain uncertain, with significant risks of investor loss.

Potential Outcomes:

1. Successful production on schedule (30%): Driving prices upward.
2. Additional delays (50%): Create a bearish environment.
3. Strong regulatory support (20%): Stabilizes prices.

Trading Oracle: Consider executing a long call debit spread using $8.00 and $9.00 calls for December 2024 expiry. This strategy capitalizes on moderate implied volatility (~64%) to maximize profit potential amid bullish sentiment. Projected high reward-to-risk ratio makes this approach advantageous.

November 30, 2024