JRL have a stated aim of unlocking value of their EME holding.
the appointment of Gresham points to some corporate action on the EME front which is consistent with their timeline for realising the value....
...but another option is to capitalise EME further and go hard until 2010 when the expect uptick in U308 pricing should take hold as new reactors come into the planning stage (the lead time for the supply of uranium is 3-4 years as i understand it).
the rest of JRL projects must be suffering as management time is probably (rightly) being spent on EME. this is the potential cashcow but it is frustrating that they might be missing some other value adding opportunities while EME value remains unrecognised.
EME presenting tomorrow at Fremantle uranium conference.
JRL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
