theoretically what you say makes sense.
but access to money in capital markets can disappear within a week - even days.
especialy if you are marginal or loss making.
and with so much volatility in people's views on global growth and hence energy requirements - those shorting are betting that the board opts for ;safe' option to fund it early - rather than take the risk uranium price/sentiment stalls or goes backwards.
personally i expect them to be patient - because the MD is an entrepreneur rather than a career MD - and entrepreneurs tend to have a more optimistic/ risk taking bias about the commodity they are in.
but you only have to look at whats going on in iron ore and coal to see what happens if you bet on your commodity resurging and dont clear your debt up in time
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theoretically what you say makes sense. but access to money in...
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