You would think MLI shareholders will get a preferential...

You would think MLI shareholders will get a preferential allocation of shares in the new Uranium float. They are raising $6m in a JV with DRD who are serious miners (cf MLI).

The $6m raising is probably only being done to get the shareholder spread to list on the ASX and to line the pockets of Revelins with about $250,000 of fees. I am not so fussed with the fees as someone has to do the listing work.

However given the strength of their partner DRD it is possible these uranium shares when they finally list will do so at a premium. If they are 50 cents each and list at 70 cents that's 20 cents that should be reflected in the MLI price.

Obviously we have no idea what the listing premium may be but it's got to be something. I dont believe this option value is reflected in today's MLI price.

- Do your own research.