"I think the main thing CXU needs to do now is proving its current reserves. I am a firm believer in not becoming distracted by playing into many areas. One of the other uranium players contacted me recently about a capital raising and I declined. It wasn't ISR, worse of all they had far to many projects in 3 countries and when they told me what the money was going to be used for it was going to be sprinkled around on many instead of one solid asset.Focus is key at this time."
Good to hear the views of a holder of 18% of the stock - am sure it carries some degree of weight with Jono in informing management decisions as it is a defacto board position in effect. I agree too with the focus on doing one thing and doing it well - expanding and developing the existing resource and letting the WA policy situation play out in hopefully good time.
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