Citi sees key catalysts ahead for Australia's Boss Energy as Honeymoon progresses
BUZZ-Citi sees key catalysts ahead for Australia's Boss Energy as Honeymoon progresses ** Citi remains "neutral" on Australia's Boss Energy BOE.AX, saying positive momentum at its Honeymoon uranium project is balanced by execution and technical risks
** Brokerage, however, says near-term earnings are likely to remain pressured by lower realised uranium prices
** Sees several key catalysts emerging through early FY27, including completion of the first wide-spaced wellfield trial and the updated Honeymoon New Feasibility Study (NFS)
** Says appointment of former Oil Search CEO Peter Botten is a positive development and should strengthen strategic and operational leadership as BOE advances Honeymoon
** "Mgmt’s increasing confidence in the wide-spaced wellfield design is encouraging, although execution and technical risks remain" - Citi
** Citi cuts target price to A$1.35/share from prior levels, citing a lower valuation multiple amid a broader de-rating of uranium equities
(Reporting by Rajasik Mukherjee in Bengaluru)
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