It seems that there were a few million options that expired at the end of June needed to be paid for so there has been some selling to cover these. Other than that, the uranium price and the market in general have been down, so these factors along with the BOT trading probably account for the weakness in the SP of late. There is still a huge amount of drilling going on, both infill and step out. The company are very confident that results from these will result in a considerable upgrade of the in ground resource. All approvals for mine start up are on track, so I think we just have to ignore the BOT trading and the SP will eventually mirror the worth of the company.
MRU Price at posting:
$3.68 Sentiment: Buy Disclosure: Held
