AKN - Auking Mining LtdSOI - 203m (post acquisition)Cash - $6m...

AKN - Auking Mining Ltd
SOI - 203m (post acquisition)
Cash - $6m
EV - 20m

This explorer acquired Uranium tenements in Tanzania 2 weeks ago & Asimwe Kabunga is vending them into the company & joining as the Chairman.

Since the deal was announced, the stock has formed a magnificent ascending triangle and poised to break into a higher range




I also put together a FA post on the assets; management team & prospects - this can be read here https://hotcopper.com.au/threads/uranium-asimwe-kabunga-akn.7043144/?post_id=64398089

This is one I like a lot with a lot of tailwinds including Uranium (clean energy) & Asimwe Kabunga’s followers who multi-bagged LIN.

There aren’t many specs in the current tape which are showing incredible promise from both a TA & FA perspective, so this could be special imo.

This new acquisition is on top of the existing WA Copper assets with significant JORC