UNO uranio limited

If you read The Australian Lachie boy, you may have seenthese...

  1. 530 Posts.
    lightbulb Created with Sketch. 8
    If you read The Australian Lachie boy, you may have seen
    these words written by Robin Bromby in his "Pure
    Speculation" column, referring to companies with cash in
    hand, and prospects:

    At September 30, Uranio (UNO) had $3.55 million in the
    bank. Now it's getting a $3.17 million cash injection and
    yet, on Friday, its market capitalisation was just $3.7
    million. It listed in January and the shares last saw 20c
    on the opening day.

    Last month it bought the Ponton uranium project, located
    next to the large Mulga Rock uranium deposit, from Paladin
    Energy (PDN). Then last week it acquired a Madagascar
    thermal coal project from Coal of Africa (CZA), along with
    the Madagascar subsidiary's $2.18 million bank balance.
    CZA will now hold 38.7 per cent of Uranio.

    On top of that, Alan Eggers -- the man who built
    Queensland uranium player Summit Resources (SMM) is
    injecting nearly $1 million into Uranio to take his stake
    to 19.9 per cent.

    Uranio is run by Robert Wrixon, ex-Xstrata Coal, who says
    energy is the big growth sector and sees beyond the
    present reverses in uranium and thermal coal prices. With
    money in the bank, he is already out shopping for other
    uranium projects.
 
watchlist Created with Sketch. Add UNO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.