Yes I agree and purchased more this morning while it was down although it wasn't what I expected that they would raise at such a low sum considering the Uranium & Gold prospects of the company. Of course the institutions would have loved the idea instant cash for them with prospects of a windfall in coming years if another Challenger is uncovered and the Uranium prospects also.
Anyway at least we know by the Announcement that things are progressing at site now with the site arrangements which should intensify exploration and hopefully complete a JORC in the coming months from the drilling program. Now its just wait and see if the share price can resurge to the prices of yesterday. I must say that really there wasn't a great sell off most held there ground and as I said I dipped the toe further. The shock is over and only 3.5 M shares traded which is nothing in reality.
MEU Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
