something is up..., page-2

WHE been savagely sold down along with the rest of the junior U sector.

Would expect a strong rally soon as a result of M&A action in the u sector heating up.( EXT BMN and Hathor ) all have had opportunistic takeover approaches, suggesting that the uranium story is far from dead.

77 million pound jorc U resource being valued at 33 cents a pound with the current market cap of 40 million which includes 13 million in cash.

EV of 27 million is just way too cheap.

This is severely undervalued just on its Uranium asset but throw in some quality UCG assets and an energy dependant supportive hungarian government and the value equation grows even stronger.

With Mark Hohnen (kalahari chairman) and Ian Middlemas on the board i thing buying at these levels will be rewarded.

Depth is looking much better today on strong volume - Looks like it wants to break out of its 8 month downtrend.