moving up today, page-3

Only a very small percentage of the MEU shares being held out there are being traded. I think there is 120 million shares being held by shareholders, with only a very small percentage being turned over since listing, which is unfortunately driving the current price and as you point out not a true reflection of the company’s worth.

For me the pedigree is there with an experienced board (BPT, RMS…etc), and good track record. Its early days for MEU, I do notice they have good ground in a State that most favours U exploration and development. I am particularly interested in their Ambrosia project, their last release discussing Olympic Dam style potential along with the paleochannel targets they have there. Fission energy made a decent intersection of U on their tenement which is right next door to Ambrosia to the west, coupled with the fact that the warrior deposit is immediately to the south, and Ealbara to the east, MEU seem to be right in the middle. They have said right from the start that the Ambrosia project is their flagship project, obviously for a good reason. I am in it for the long term, and am going to try to pick more of the cheap shares. As has been said in previous posts by others, as soon as they get a sniff, their price will shoot, and if you have shares at 8, 9, 10 or even 15 cents you cant go wrong. Easy money!

Do your research and make up your own mind, though!