Aura Energy (ASX:AEE) Australia's safest Uranium play?

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With the Australian and the global uranium share indexes at a low point it might just be time to buy back into or top up the sector.

But at the moment its far from simple….. ERA and PDN are producers and both have problems and prospects. But when I look at the explorers , in particular the ones with massive deposits like Namibia’s EXT it is hard to get past the nagging uncertainty associated with recent sovereign risk issues. I’ve spent the last week or so looking through the uranium plays and I think (unlike many others) that AEE might be one of the safer plays that has remarkable upside. Many think that our Australian onshore plays are safe… but with the green senate in July how many projects will get a clear pathway to development?

I still hold some EXT, some GGG and more AEE. Hopefully Namibia will act to clear up the resource annexation issues they have raised but until I see a clear statement that they will definitely allow EXT to gain the rights to mine Hsuab I’m going to be very cautious…

You can read why I’m keen on AEE here.

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