Just seeing a lot of de-risking whilst the market remains unresponsive.
Cash position- derisked with some large insto raises
Updated scoping study reflecting improved economics and modelling
Demerger- potential value creation for shareholder
Sure, management sentiment wont help, neither will a WA uranium policy in its current form.
However the project is world class, the market cap is ridiculous relative to peers, and so far there is a CEO who is doing everything he said he was going to do.
Ann: Updated Scoping Study Results Lake Maitland Uranium Project, page-13
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