The presentation said basically nothing we didnt know already. Im sure this stock will run sometime but the information flow to shareholders has been very dissapointing of late.
Outrigger, If you read the Quarterly Activity report from 30/04/08 they have already made mention of the Tailings which have reported grades of between 40 to 690ppm of uranium. (and I think they have also made mention of them before this date)
I believe its now time management give us a sample of what we really want to hear - Results from the drilling of the tailings,scoping study and the likely time frame (if at all) that this stock will be able to use cash flows from its tailings deposits to find a company making deposit!!!
If we get that, maybe a few institutional investors may get on board and we may well see a run. Until then, I expect low trading volumes and the share price fluctuating weekly from $0.40 to $0.65
NMR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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