bloody bots, page-13

If this is a truly tier 1 asset, bots capping the share price is not going to destroy the true valuation of the asset. Its a case of who is more desperate at owning the asset will dictate what price we get for our shares.

We now have potentially sovereign backed Chinese company, big liquid cash and balance sheet RIO, sovereign backed Russian and just maybe another dark horse like AREVA/CAMECO partnership vying for a security of supply for many years to come. No brainer in terms of the likely predators and the proof is the recent reports about epangelo 'negotiating' with CGNPC and previously EXT management for a slice of Husab. Surprisingly not long after this, ML is to be issued we are told today. Is this a coincidence or did Nab govt felt that they too wanted to get the auction process kick started by Dec 8 so that there are no more delays to the ownership and mine construction? 4,000 temp and 1,000 perm jobs on the line waiting to construct and dig/process the yellow cake.

Exciting time ahead for the sector keenly awaited.