For those that don't know I control Parle Investment,
The recent political changes in WA and the increasing interest uranium has raised the possibility of some bigger company becoming interested in CXU. The concern I have is at this point no one can clearly say what the pound of uranium are because there is still a lot of exploration work to be done. This cost money and if a CR was done in the normal way the price would need to be discounted and that wouldn't be in the best for existing shareholder. I need to make a point worth noting, we are sitting on 67 m options and we could have exercised those for around $1m. Instead we took the harder choice of purchasing 45 m share for $ 2m so the company had more funds. In addition we can convert the options in the future to give CXU a further $1m if needed provided we act with in the 20% rule.
We are here to support Jono and the team as they are doing a great job. They will build CXU into a major Australian Uranium producer in the future.
Tony
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Mkt cap ! $29.43M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $31.98K | 1.332M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 736924 | 2.3¢ |
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Price($) | Vol. | No. |
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2.5¢ | 620719 | 4 |
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No. | Vol. | Price($) |
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6 | 736924 | 0.023 |
5 | 1497964 | 0.022 |
3 | 980783 | 0.021 |
6 | 1270000 | 0.020 |
5 | 1340157 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 620719 | 4 |
0.026 | 520000 | 2 |
0.027 | 541666 | 2 |
0.028 | 273280 | 2 |
0.029 | 300000 | 3 |
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