uranium production, page-31

Same here, the less paper the better. Keep in mind that even after placement there are only aprox 250m shares on issue but over 80% will be held by top 20 and 60% by a single shareholder, Energy Ventures (ASX:EVE)

There are less than 200k shares between now and 9c. If we break the resistance at 9c it is on for the young and old!

I'm not usually one to comment on the market depth, but it is compelling - over 3m in buy orders but only 400k shares on offer! it's as good as blue skies after 9c imho

Definitiely a long term hold for me too. When you have an advanced BFS under way, and that many low risk exploration targets within trucking distance of mine-to-be, all that's left to do is start drilling and show the market what you've got - drilling starts at end of this month, if it hasn't already begun

Don't forget that uranium has already been discovered at drilling in Njame South, in 2006 - this is the first thing to be drilled this season, and it'll be infill and extensional work

Siamboka is low risk too imo but a very large target - and a faulted offset of Njame North - just look at last years' announcement (in feb i think it was) re: Njame north east extension - they hit >9,000 ppm in one of the wholes. That's phenominal stuff for shallow sandstone mineralisation

Of all the announcements to come I'm looking forward most to an offtake partner or utility coming on board as discussions in Asia come to a close - a lot of people high up are taking an interest and I know for a fact that the Zambian gov has been marketing our project and giving them the tour. I expect any placements to be at a signiificant premium to the trading price at the time and certainly a very substantial premium to the price today

All the best, there ain't much to go around so holdem tight!