announcement wont be a cap raising
thks spartacist,
yep - confirmed. Announcement won't be a cap raising, but will outline very favourable scoping study results on Ann Mason which have been done at a detailed level.
Share price will go to 73cents. 60 cents will be a distant memory.
Uranium announcement probably won't happen until the new year, but as you said, will again be another money spinner for shareholders.
There is a major UK uranium company out there wanting to buy the assets, and shareholders will get free script / cash based on the number of PMH shares held. Therefore, I would be favouring PMH fully paids over the ords on Monday, as the PMHOA's are now showing a couple of cent premium over the PMH price, and will have to be exercised anyway to get entitlement to the uranium assets.
for those who have missed out, LOOK AT GIRALIA RESOURCES (ASX code: GIR), as they have a 10% stake in PMH and will give you leverage to the favourable price move on the upside.
cheers,
PT
PMH Price at posting:
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