WRL washington resources limited

10m ntu shares now worth 15 million dollars

  1. 2,257 Posts.
    Stock Code WRL - WASHINGTON RESOURCES LIMITED
    - equal largest shareholder in NTU.

    *10m NTU shares now worth in excess of 15 million dollars

    NTU is going ballistic again today. Currently $1.50c p/s and a full takeover would/could be highly likely here.

    WRL is the value bet for mine.
    Currently way undervalued, and perfectly placed for Take-over Potential and Opportunity via its equal biggest shareholder billing (21.74%) in NTU with Polaris.
    (WRL) Washington Resources holds 10 million shares in Northern Uranium worth $15 million at the moment.

    Those shares would be crucial in the event of a takeover by the French, should a bidding war evolve.

    WRL also have $4 million in the bank plus the Yarawindah project.
    Plus another $1.8M coming from the sale of NTU options
    to Areva/Cogema as per the most recent strategic announcement.
    That's OVER $22M value plus existing assets, tenements, and projects.
    The Trading Room has WRL's market cap at around $12M.

    There are just 47M shares on issue + 36M options
    (@ .25c conversion).

    WRL can only rocket from here on in!

    Look forward to seeing how this plays out over time.

    wrxsti


 
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