Areva is not a company to my mind that would be buying a stake in MEY to speculate that the SP might appreciate 10c in the next month or so, so they can offload and make a profit.
They are the next door neighbour who are building a mine and would be fully aware and conversant with what MEY are sitting on. I dont think $10mil dollar purchase is quiet what this company is about, but I am thinking that they will probably move sooner rather than later to shore up the rest of the stock. If that was the case I am not sure you could say that the stock is going nowhere?
I dont have inside information but I am throwing it out there that i think it would be unusual to think a company like areva would be happy with owning 10% of mey. Thoughts comment appreciated.
areva takes 10% of marenica energy !, page-33
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $418.1K | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12818 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8777 | 1 |
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