so 2 weeks ago, Shandong bought shares @ 21cents, and now we are trading at basically cash backing @ 10cents. Downside has to be minimal here given the rebound in Uranium stocks today.
But what I find interesting is in the FIRB approval announcement on the 1st of March, the FIRB has given approval for Shandong to acquire up to 51% of the company, so basically approval for Shandong to takeover the company.
Goto be a steal down here at 10cents given the placement, cash levels and takeover possibilities.
Was happy to get some at 9.1cents and 10cents today given the upside.
UUL Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held