Areva is not a company to my mind that would be buying a stake in MEY to speculate that the SP might appreciate 10c in the next month or so, so they can offload and make a profit.
They are the next door neighbour who are building a mine and would be fully aware and conversant with what MEY are sitting on. I dont think $10mil dollar purchase is quiet what this company is about, but I am thinking that they will probably move sooner rather than later to shore up the rest of the stock. If that was the case I am not sure you could say that the stock is going nowhere?
I dont have inside information but I am throwing it out there that i think it would be unusual to think a company like areva would be happy with owning 10% of mey. Thoughts comment appreciated.
Areva is not a company to my mind that would be buying a stake...
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Last
39.0¢ |
Change
-0.005(1.27%) |
Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 41.0¢ | 39.0¢ | $117.2K | 292.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 43499 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 2466 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| EL8 (ASX) Chart |