If I read correctly, they are divesting themselves of all uranium interests. So no more potential action in their core business. Perth property, please, they are about 10 years to late and building a townhouse in Como makes you a weekend warrior not a property developer. Although, I hope i'm wrong and despite the odds the company can make the shift. On the bright side, at least they still have cash in the bank and are active about trying to make it grow as uranium does seem to be going nowhere (but with Japan supposedly starting up reactors again and of this year and next uranium prices should increase.... as UUL exits).
UUL Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
