SMC might offer 40-60m shares at 20c to raise 8m to 12m dollars for JORC resources definition. It is one of the best historic results review amount new uranium hopeful. My estimation is 3000t uranium could be quickly defined with a bunch of drilling holes It has a lot of upside for further exploration.
Existing shareholder will have priority offer. Also SMC will retain substantial shareholding, such as 30% to 50%
SMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held