Ann: WWI Launches Underwritten Rights Issue & Completes Placement, page-111

BOE $800m mcap for 72m lb uranium

if we have 12m lb (of the 20 that MQ says could be conservatively converted to 2012 jorc that’s $120m + on uranium alone (just peer comparison, I’ still novice with uranium), reduce % ownership & add in jurisdiction risk should still equate to > $60m at the very least?

they said were going to look into its feasubility but the $9m raise has no mention of uranium so lets see.

either ways, we’re undervalued at current mcap. I hope they do a 1:5 or 1:10 consol or so in time, not a fan of high soi & we’re almost at 2b

changed sentiment from hold to buy. 3-3.2 does look better value than last 12 months (though I thought 8c was good value as well, so clearly not a TA expert here).