Hi, IMO this is still an explorer with the object of increasing pounds in the ground to increase value for future sale or merger & not with the aim of mine development. Merging of assets in Namibia seems a no brainer to create the needed market cap for the big money to flow in. I could be wrong but JB & management from Deep Yellow are still looking to increase their potential output eventually to about 10 million pounds annually so i think watch this space IMO. As far as the raise here goes i would not be surprised if someone big wants in before the next run up now that the media hype has arrived and it looks like it could be the right time to jump in. Offering the money for a discount and management won't say no with difficult conditions for borrowing at the present. Can't wait to see what happens here. Still holding with some optimism. ATB to other holders.
EL8 Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
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