Last 5 to 6 years majority of uranium companies were in heavy pain, including EME. Many junior uranium exploration delisted and many gone liquidation. Those remaining companies should be considered very positive and ready to go ahead.
Secondly, to produce uranium it is needed huge capital investment and lengthy process. The biggest share holders of EME is very strong and with huge cash and assets. So I think they could be able to push the company forward to produce yellow cake.
Thirdly, all projects are in Australia , very low political risk and company already have 20 million cash, which is very very strong point.
In my opinion , EME is my one of favourite one in asx listed. But there are no sellers.
Good luck
DYOR
Ann: Initial Resource Estimate of Manyingee East Project, page-11
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