I'm inclined to agree, $1 million is not really enough for...

I'm inclined to agree, $1 million is not really enough for wages, admin and enough to drill out the resource to an inferred or JORC standard. They have a special resolution in this coming shareholder meeting that allows a 10% special placement over and above the 15% standard ASX placement rules. Some of those 115 million option are now in the money above the 3 cents strike, so SOI are now technically over 500 million.

Agree, there was a lot of big buying, but a top 20 shareholder with 5% also offloaded their shares around 3c last week.

Given uranium explorers don't really seem to be in a massive bull market globally just yet because spot is still a fair way below production costs, anyone uranium buffs here have any idea what a good results means, what is a good result & what it would mean in EV in ground? Thinking of adding it to my uranium portfolio long term, but not all that keen to get stuck with just uneconomical U in the ground if it's all just ramped up hype as I know there has been a massive hyping of the stock through social media and marketing etc. The fact they appointed a marketing guy worries me the most because the uranium fundamentals will always win out when the hype stops.