"Shares are being accepted in lieu of cash and this speaks...

"Shares are being accepted in lieu of cash and this speaks volumes."

Ragingboom - who exactly are you referring to?

Couple of things to keep an eye on:
80,000,000 Uran shares with attaching 80,000,000 Options exercisable at 8 cents before 31 July 2012 upon delineation of a minimum 10,000,000 tonnes of JORC (or equivalent) Resource, provided that this is achieved within 18 months of commencement of the Joint Venture

Does "Joint Venture" mean when they started actively working together or when the sharesale agreement was executed. 18 months then should take us to either 9th Sept 2012 (ie 5 months away) or 28th March 2013.

In addition one also should note how much would it cost to define a 10,000,000 JORC resource and how large would the resource would need to extend - given they are only drilling 30m holes.

Funding will need to be correlated.

Obviously still no ideas out there on who the 12million shares went to. It certainly wasn't disclosed in the 3b. Any takers?

Cheers,
The Sparkler