i bought quite a few of these today
Seems cheap at 14c considering the impending Aquenox float and the 11 tenements granted in Botswana on the doorstep of Acap
Not to forget that these tenements were applied for in 2005 and are surrounding Acap land holding- share price at 2 dollars with over 100 million issue
Management would do well to obtain the services of soon to be ex Summit resources management
I think that when the Aquenox float is announced, the company should thereby change its name to Cardia Uranium not withstanding the disposal of its other non-core assets- Dia a tech s/holding etc
They have over 5.3 million in bank and with the expiration of options near term that will look even more healthy
I would be surprised if we could see this one trading at around 40-50c in the next 6-12 months.
i for one will be holding for at least 12-18 months
On the flip side, does anyone think they would may do a backflip and instead demerge the Uranium assets- this may be a better outcome for holders if 1 for 3 non renounceable options deal is made for the new uranium company.
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