marenica-trying to understand..., page-7

I agree with DWJD
I rang Grahanm Woolford when the shares were 18cents
G.W told me that he believed there was going to be an equity raising of approx 56 million shares at a discount to the market inbetween 15-17 cents to raise $8 million
I bought in at 18cents that day
A couple of days later there was an asx announcement where he sold shares at 22 cents
He also told me the formular in working out the value was
multiply 85mlbs times 6.5 and divide by amount of shares in the company and you get a $1.30
He forgot to tell me MEY owned only 80%

Does anyone know what the real value is per lb
The company should still have value there with expected increases in uranium prices