On the 28th November, this is what the company chairman said regarding their uranium assets...
"Also on the Greenvale property, a significant zone of uranium mineralisation has been outlined by drilling at the Oasis Prospect. Only a minor amount of additional drilling is required to establish an initial JORC compliant resource. Following unprecedented interest in the Oasis Prospect from a number of specialist uranium explorers, Glengarry recently sought expressions of interest from several of these companies with a view to a potential sale of the Prospect including uranium rights to the surrounding ground. We believe that our current share price does not reflect the true value of this asset. While no agreement has yet been finalised to sell the Prospect, it is apparent that divestment of the Oasis uranium asset may be the best strategy to allow the full value of the Oasis Uranium Prospect to be realised."
So in other words, GGY's uranium assets have not been factored into the share price yet. Its only a matter of time before the uranium sentiment turns to this stock.
Well worth having a position as the share price is only 7.5c and the market cap is sub 20M.
GGY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
