Huge endorsement of the company and it's strategy by one of the most highly regarded individuals in the industry, Kevin Bambrough. He has been a buyer over the last 2 days and has accumulated 2m shares. For those that don't know, he was the one that pitched the idea for uranium participation corp to Eric Sprott in the mid 2000's and envisaged the price of uranium moving from $11/lb to $140/lb.
He also draws similarities between Marenica now and Paladin back in 2003, which I completely agree with. Murray's counter cyclical strategy of picking up assets on the cheap during the bear market might not have pleased shareholders at the time, but the timing might have been impeccable and really pay off big for the company and shareholders.
Kevin Bambrough Buying Big
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Last
39.5¢ |
Change
0.015(3.95%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.5¢ | 38.0¢ | $240.1K | 612.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1366 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 4208 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |