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Lotus Resources Ltd ASX:LOT

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

19 Apr 2026 to today

Commentary 2 comments

DateManagerActionSummary

6 Jul 2026VP CapitalHeldVP Capital, via portfolio manager John So, continues to monitor Lotus Resources, a stock the Melbourne-based hedge fund tracks alongside other ASX uranium exposures including NexGen and Paladin. So notes that future short interest in Lotus will hinge on the terms of its anticipated capital raise, arguing that a discounted raise would likely pressure the share price further, whereas a credible funding plan could prompt short sellers to close their positions.

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6 Jul 2026Tribeca Investment PartnersHeldTribeca Investment Partners, commenting through portfolio manager Guy Keller, continues to monitor Lotus Resources after the uranium producer experienced operational issues in its ramp-up, a challenge Keller notes is common to almost every uranium restart project. He points out that these issues were compounded by sharply higher acid and diesel input costs following the closure of the Strait of Hormuz. Keller anticipates that many hedge fund short positions will look to close out against any capital raise the company undertakes, suggesting a potential short-covering dynamic could support the share price if funding is secured.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on LOT.

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About Lotus Resources Ltd

Materials, Oil, Gas and Consumable Fuels

Lotus Resources (ASX:LOT), a uranium producer restarting a mine in Malawi, has faced ramp-up challenges. In July 2026, Tribeca Investment Partners noted Lotus had several operational issues during its ramp-up, as is common for uranium restart projects, compounded by other factors. VP Capital said future uranium supply remains constrained, supporting the investment case for producers like Lotus. Lotus Resources operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 2 comments from 2 fund managers, Tribeca and VP Capital. Headquartered in Perth, Lotus Resources is restarting the Kayelekera uranium mine in Malawi, a previously producing operation, and holds the Letlhakane uranium project in Botswana, aiming to become a meaningful uranium supplier as nuclear power demand grows.

Market cap: $96m
Price to earnings: Loss-making
Return on equity: -15.5%
Dividend yield: 0.0%
Price to book: 0.23x
Net margin: -16406.7%
52-week range: $0.16 to $2.86

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Lotus Resources Ltd (ASX:LOT)?

Fund managers including Tribeca Investment Partners and VP Capital have invested in Lotus Resources Ltd (ASX:LOT).

What opportunities or catalysts do fund managers highlight for Lotus Resources Ltd?

VP Capital highlights constrained future uranium supply, which supports the outlook for restart producers like Lotus.

What are the key risks to the Lotus Resources Ltd investment thesis, according to fund managers?

Tribeca notes operational issues during Kayelekera's ramp-up, which have weighed on confidence.

What does Lotus Resources Ltd (ASX:LOT) do?

Lotus Resources Ltd is an Australia-based uranium exploration and development company. Its operations are organised into four segments: Uranium-Malawi, Uranium-Botswana, Nickel-Cobalt-Australia, and Corporate. Key projects include the Kayelekera Uranium Project in Malawi and the Letlhakane Uranium Project in Botswana. The company was founded in June 2006 and is headquartered in Perth, Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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