e-mailed the company Hi, The way I read today's announcement, MRX are handing over the remaining 30% uranium interest to DYL for $0.00. Is that the case? If so why? G
Shane McBrides reply: ( i guess a difficult decision in these trying times) G
In the current market conditions the board made the decision that $3m cash into our bank was more important to Matrix than the potential to retain (20% not 30%) of a uranium potential uranium project in a state in which uranium mining is not permitted.
The payment of the $3m, in accordance with the original agreement, was at DYL’s option not MRX and therefore, there was no certainty that MRX would have got $3m at any point in time.
MRX Price at posting:
$1.35 Sentiment: Buy Disclosure: Held