A mix bag.
Positive:
1 Sample grabbed from Kihitian could be something. However without drilling, it is very hard to see what is there.
2. Kyrgyzstan resources upgrade to 2.96Mlb but very low grade, need to question whether it is economic viable or not
3. Drilling completed, results will be available shortly. Could be a driver for share price
Negative:
1. Extremely adverse weather including snow and heavy rainfall in the region could be a good excuse for delay in chemical sampling. But it could be a extremely negative factor in mining and operation late on.
2. Cash low. Need raise money
3. Poor management, even they cannot explain why they cannot pump up share price.
My money is even.
CTS
contact uranium limited
