Looks like the U energy deal might actually work out and finally get drilling action on Cultana. Shows how shonky EBR were/are in that in the three years I've held them (primarily because of the incredible prospectivity of Cultana) they have got no where near to being close to having permission to dril. Yet U Energy have sorted it in a matter of weeks! Now we have a greatly diluted interest in Cultana. Thanks Joe. Still if it does get up, and U Energy ever get to list on the ASX there might be a new Opympic Dam on the go and we will be along for the ride. Otherwise the big geophysics target will be a big pile of iron, like Myall Creek turned out to be...but hey...iron..isn't that the stuff to be into anyway these days?
Could explain the extra trading..
EBR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
