Samscout , CXU was indeed up 28% or 7.5c on vol of 1.3 mil If only more mum & dads could ask the "grown up" kids to "get out and get a life" who knows , their quality of life could go up 28% - minimum !! :))
ASX Ann. last friday just before 5pm : 4/2/11 - Australian uranium company Cauldron Energy Limited (ASX: CXU) ("Cauldron" or "the Company") wishes to advise that CEO, Mr Terry Topping, has resigned from the Company, effective immediately. Mr Topping, who was a founding Director of the Company, has resigned to pursue other opportunities. With the resignation of Mr Topping, major shareholder, Cape Lambert Resources Limited (ASX: CFE) ("Cape Lambert") will oversee key aspects of the Company, largely related to financial, marketing, and technical evaluation and development. Cape Lambert has a team of more than 15 technical personnel (metallurgists, geologists, etc) at its disposal, expertise that will now be applied to the evaluation and development of the uranium assets of Cauldron. "The capabilities of the Cape Lambert group of companies are proven with the completion of a number of successful transactions and as such we believe this will ensure the considerable assets of Cauldron are evaluated and developed in a manner that ensures maximum value is achieved for Cauldron shareholders," said Cauldron's Chairman, Mr Tony Sage. "For example, most recently with the value unlocked from the assets of DMC Mining Limited, Cape Lambert's corporate and technical capabilities show they are more than capable of delivering a tangible outcome for shareholders," Mr Sage added.
and this from May last year
(continued) Forming a bigger, more diverse company.
Cauldron began back in 2009, when one junior focused on uranium exploration in Australia, Scimitar Resources, formed with another junior effectively focused on uranium in Argentina, Jackson Minerals. Terry Topping, who founded Scimitar and is now CEO at Cauldron, explained that the merger presented clear advantages to both sides at the time.
"There were two companies going down parallel paths, but 12 months ago financing was difficult", he says. "One of the major shareholders in Jackson Minerals was Tony Sage, and I've known Tony through other business interests, and he thought it would be a good idea to put these two companies looking for uranium together. He has a financial background, came on as Chairman and we've raised capital since then".
Sage's plan appears to have paid off well, as today Cauldron contains an impressively diverse portfolio of projects. Perhaps that's why, when asked about which are the core-focus, Topping explains that Cauldron covers all of them independently and with due consideration........(continued)
(20min delay)