I suppose they are going to raise funds for the other promising uranium properties in Malawi. To my understanding the funds they recently raised from the sale of the 25% stake in the Kanyika project are dedicated to the project itself.
The valuation of GBE is a miracle to me. I mean they have this multi billion $ property and additionally they have some promising uranium projects that have been partly explored. This projects alone would justify the current market cap if I compare it to other U-hopefuls.
Lenni
GBE Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
