I wish I could provide some reassurance but now it is really up to management to show their worth.
They have set a timeframe and have not indicated that it will be missed.
Whilst I am confident regarding the resource and project economics (I can't see the uranium price falling much further), I am concerned for the balance sheet. Some sort of raising will likely be needed by year-end.
I think its time for one of the larger shareholders on the registry to step up.
late sept 2011, page-2
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41.5¢ |
Change
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Mkt cap ! $128.0M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 40.5¢ | $134.0K | 324.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 41.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 7913 | 1 |
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| EL8 (ASX) Chart |