The price action is that of a wet paper bag.... Its simply getting ridiculous. Massive jump in U price....ignored. Two substantial resources upgrades...ignored. Initial results on a couple of their biggest claims showing there is probably hundreds of millions of pounds on those claims....ignored. All sorts of problems with U start ups in the rest of the world (while EL8's deposits are straight forward to permit and mine)...ignored. Up-grade potential...ignored. More and more proof there is going to be a big increase in U demand and a large deficit for years, possibly a decade to come...ignored. Current spot price action which clearly illustrates what can (and almost certainly will) happen to the U price...ignored.
No EL8 is still being seen as a "shit co"... Boy is it going to be sweet when that perception will finally buckle under the mounting evidence to the contrary, but its taking its time!
And no...unfortunately they are no longer cashed up.
Starting to look like we might have to swallow one more dilutive CR before we finally and long overdue get going.
EL8 Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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