I think the market knows now that there is a seller with a lot of shares that wants out. 1.6c is becoming quite a stretch and looking too expensive for the current market. It looks as though they are a top 20 seller perhaps, maybe the CLE shares the Australian Tax Department own and they are selling on market at whatever price is accepted. To me this is not a good time to be buying as the interest has died off Cauldron assets and a fair % more can be discounted due to the urgency of the seller. I think a fair market cap price currently for all 3 assets would be around 2-4 million$ considering Mark McGowan's beliefs on uranium. Looking too expensive at $8million market cap.
CXU Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
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