Consider that Kazakhstan owns 75% of Kazatomprom $kap via their sovereign wealth fund.
So, you have to ask yourself. What’s the point of talking about liquidating the position? And raising taxes on uranium mining at the same time?
So, you have to ask yourself. What’s the point of talking about liquidating the position? And raising taxes on uranium mining at the same time?
It stinks to high heaven of manipulation if you ask me. What’s the point in raising taxes on a company that you own 75% (not much)
So do they plan to sell a block of it? All of it? And raise taxes at the same time? And the timing? Making statements about this at this time?
So do they plan to sell a block of it? All of it? And raise taxes at the same time? And the timing? Making statements about this at this time?
If they are trying to create max instability in the markets and sell there 75% stake as low as possible then these steps will likely achieve that goal. I can’t help but think that Russia/Putin might have requested some energy asset privatizations in exchange for security.
Regardless, I think it’s fair to say that it puts a Kazakhstan uranium supply in jeopardy. Higher taxation and likely wages will mean costs up and less funds to reinvest in production growth. Either way it seems like Kazakhstan wants to knock down $kap shares #uranium
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