This company was just way too cheap compared to other uranium...

This company was just way too cheap compared to other uranium stocks that had boomed recently.

The reason for this was that management were conserving cash and really had nothing going on to provide a catalyst for the share price to go up.

Alot of the move up can be attributed to Buying to participate in the rights issue....but also once the placement has been completed the company will be cashed up and therefore holders can expect some news flow and progress going forward.

At the height of the uranium boom this stock traded above $4...i think WHE presents a compelling case as a risk v reward play at these levels.