Until the U price meaningfully appreciates, you could have as much of a resource you want, the likes of MEY, DYL, TOE, PDN etc won't be profitable. So MEY has invested in a somewhat anti-cyclical manner and gone for a land grab. Who knows where U-pgrade could lead too. They prove up a resource and a study confirming a relatively low cost operation, nterest will be there. Either way, I think the sector is ripe for consolidation especially the Namibian ones which I think we be in the interests of shareholders.
Ann: Quarterly Cashflow Report, page-6
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $126.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 39.5¢ | $327.5K | 810.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39908 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 15414 | 4 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |