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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