There is also the small matter of a corporate action.
Once it is completed, the company with have >$5m in funding.
I would imagine as more drilling, reserve upgrades and further pre feasibility work occur, the share price will move northwards.
I believe the worst is behind MEY now.
I anticipate another corporate action this time next year.
Possibly, a takeover or even an off take agreement with the Chinese.
uranium spot price up again, page-3
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28.0¢ |
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Mkt cap ! $86.36M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 28.0¢ | $216.3K | 756.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28509 | 28.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 66936 | 1 |
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| EL8 (ASX) Chart |