Mate, they had 800k in Cash. Raising money in this climate for a...

Mate, they had 800k in Cash.
Raising money in this climate for a copper project albeit a good one was never going to happen, so it was the smartest move in my opinion, as that 2.5m will keep them solvent until fomo really hits the U308 sector and then they will have no trouble raising cash if spot hits $80-$100/lb.

How long do you really think the coup will last? they know they cant develop any of these deposits without western money/expertise, hence why GLO has made a significant turn around in its share price in the last week.

Remember EEL borders GLO and if this Coup lifts the rewards will be great. Yes there's risk so you wouldn't bet the farm here, but given the MC, the fact they border one of the biggest U308 deposits known to man and already have lbs in the ground I'd say the upside potential is greater than anything else in the uranium asx space.