I don't know that the chart is much help at the moment while we...

I don't know that the chart is much help at the moment while we re-scope our best economical scenario, perform further metallurgy and engage insti investment.

We are here at this price because of a cruel combination of factors - sector slump, scoping rethink, departure of a director, need to raise finance. Many investors have chosen to jump ship in the short term to chase gains elsewhere. But you can bet your last cent that the same money will come flooding back into this when we get an announcement on further funding (soon IMHO), and we get closer to robust scoping of the heap leach scenario.

And it will move fast.
Because the huge resource is still there and it will increase.
The prospectivity remains as exciting.
Areva remain on board.
Namibia remains prime uranium territory.
M&A activity will continue to accelerate.
The sector is already turning back into favour.
And we will remain very well placed to benefit.

I just wasn't smart enough to trade out and in again.
Having said that, my gains on Sirius Exploration (AIM:SXX) are dwarfing my painful paper loss here. It was sold down to 2p from 15p in UK and many were writing it off. It recouped 9 months of losses in 13 days.

It happens.

MEY went from 7c to 23c in short shrift last year.
We'll do the same, or better, in even shorter shrift, when the uncertainties on funding and scoping are put to bed.

And I can say with some certainty that management are putting them to bed.