Ok. Lets summarise this base on our last activity report.
In the recent report, few highlights are really reflects to the volume as well.
For eg:
1) 35% uplift in uranium price due to mine production suspension, - This is to do with COVID 19
2) Piedmont tenement App and drill permit approvals delay - This is to do with COVID 193) Develop BLU geophysics Plan for activation once the COVID 19 restrictions are lifted
4) AGE applied accelerated discovery initiative successfully progress to stage 2
5) All project work in arnhem land is currently suspended, I guess this is also to do with COVID 19
ALSO: THE COMPANY HAS IN EXCESS OF 1000KM2 OF EXPLORATION LICENCE APPLICATIONS AWAITING GRANT WITH IN THE ALLIGATOR RIVERS URANIUM PROVINCE. - I guess its delayed because of COVID 19.
In the report, AGE state its the right time in the Uranium market to be evaluating further resource.
Currently cash 1.08m$ cash burn rate reduced. Also company received tax offset near $200,000 in march.
EVERYBODY NEED TO NOT FORGET ABOUT TOMMOROW GOVERMENT CABINET MEETING, SIGNIFICANTLY LIFT RESTRICTIONS!!!
- So that means, everything from above will soon resume work! especially the explore licence app awaiting grant for the uranium.
Therefore, the reason why there is huge accumulation in the last few days, I guess its all to do the restriction been lifted and offcause the increase of the Uranium price.
Everything is lining up properly in my understanding, so it will be very interesting to see the SP in the coming weeks.
