Until the U price meaningfully appreciates, you could have as much of a resource you want, the likes of MEY, DYL, TOE, PDN etc won't be profitable. So MEY has invested in a somewhat anti-cyclical manner and gone for a land grab. Who knows where U-pgrade could lead too. They prove up a resource and a study confirming a relatively low cost operation, nterest will be there. Either way, I think the sector is ripe for consolidation especially the Namibian ones which I think we be in the interests of shareholders.
Ann: Quarterly Cashflow Report, page-6
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Last
38.0¢ |
Change
-0.020(5.00%) |
Mkt cap ! $117.2M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 37.0¢ | $124.0K | 325.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3520 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |