Henry David Kennedy is a Director and beneficial owner of Sundowner. He is major shareholder of EAF.
I wouldn't necessarily say a vote of confidence, almost the opposite...why
-200k of the total 400k raised was from the directors (mostly by Kennedy who tipped in 165k to likely prevent dilution) -the CEO (who is getting 250k py) only tips in for 5k worth of shares.
Doesn't suggest they have much of a story to sell to the market at the current time...
I still think the gold has potential and even the uranium, problem is management may need to sell their souls (i.e. major equity or asset dilution) to keep the company's best projects alive over next 12-24 months
EAF Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
