I view this is a highly positive announcement. As I mentioned in an early post, the competition amongst the junior u players is getting very hot and with companies like ueq gathering a warchest of $23 million, any junior u explorer wishing to be in the race can't afford to sit around, go slow and hope for the best.
This shows that the management of unx are serious about getting this thing off the ground. They realise that in the inevitable consolidations to come, those with established jorc'd resources will have a huge advantage.
I think we can now look forward to much quicker development, more positive announcements and a greatly enhanced share price than we would have without this placement.
Everything falling into place as far as I'm concerned.
Best,
Det
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