Hi there Sash . I can't explain that one ! Short term profit takers from the recent run-up to 2.4 ? Some option-holders cashing up to convert options by next Monday ? Some expecting more detailed results ? Uranium in the doldrums ? Who knows ..perhaps some of the sellers can tell us ?
The latest update imo was a tick with a double asterisk next to it . We are not over the line yet , but we have accumulated a large body of scientific knowledge over M72 ( and now under it )that suggests that we have a massive area mineralised with Uranium . The area .....is suggested by the various surveys MLS has done . The grade ...to be revealed ( but remember Husab started out slow ) The depth ...to be revealed ...although I imagine that the 3d model produced by the magnetic study must have provided the Geos. with some insight into that . I have a zillion questions of interest to me : What grades have we seen ? How long are the intersections ? How long until we get some assay results / Will we continue to receive drilling updates as we wait ? and , etc. I guess many will be timid about buying MLS until they feel more comfortable about our prospects . I took the punt a long time ago , so it is heartening to see another major challenge seemingly ticked . regards Q
MLS Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held
