I've been watching this for a while and am very surprised at how far it has fallen.
At current market cap, based on 6c share price, if you deduct cash and liquid assets the market is valuing all other assets at about $13m. Does that seem reasonable? I know the market sees uneconomic projects while the ore price is low, but when ore prices are low mining activity decreases, stockpiles get used, prices go up.
I'm an outsider and may be missing something, but it looks like a very strong spec buy to just sit on until the uranium sector rises from the ashes.
There must be some very disgruntled holders, so interested to hear why it is a flea ridden dog that I shouldn't touch. I'm assuming management won't have a lot of fans, but every other uranium stock must have incompetent management too if you take that view.
Any supporters at this price?
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