Well this is the news we have been waiting for all year it seems.
A new cornerstone investor and, unlike the investment vehicle POLO, this company plans to see MEY through to production with funding and off-take agreements.
And most importantly, a competitor to Areva. If Areva wants MEY it is going to have to pay a fair price for the assets over the next couple of years. There is no longer the fear of being bought out for peanuts.
(Shame this didn't happen 6 months ago when the SP was 20c with a fund raising at 15c.)
It is almost like we are starting from 'financial scratch' now. An opportunity to buy in at 7c if you are a shareholder, with the company's financial future assured, a good looking asset, and some great potential for corporate competitive tension a little down the road
hello china!, page-3
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $115.6M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 37.5¢ | $233.1K | 610.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30053 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 4627 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |