Really pleased to see some positive news coming out of Uranex.
However, as the pessamistic accountant, I am still concerned about the cash position. UNX are burning around §3m per quarter in cash and I think that leaves them with very little in the bank by the end of this year, or actually close to nothing.
I remain positive that something will be announced shortly regarding the asset sale, as from my point of view, they have obsolutely no other choice unless everyone starts working for free.
Fingers crossed.
the australian, page-2
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