Hard to interpret the bigger picture with any accuracy, but...

Hard to interpret the bigger picture with any accuracy, but throwing in my wild guess: BSE and the Madagascan government are close to finalising Toliara, and expect to be able to confirm to Energy Fuels that this is the case prior to the merger deal completing in August. If for any reason it doesn't happen, Energy Fuels may have a clause to renige on the deal.

Thoughts on this likelihood?

Perhaps I'm completely wrong, but on a seperate line of enquiry, I did wonder, what is the upside to the share price now (within the context of the merger) if Toliara is approved on any given day? Will the value of the shares go up, or has the entire enterprise been capped at 30.2c per share, and not a penny more?

Happy for these uninformed wonderings to be corrected!