MLI is due to have its EGM on Monday and all that $90m raising is due to hit their accounts. This thing is cashed up to the max and frankly is still able to seriously increase its uranium resource within its existing dumps. They are still likely to hit us with another 10mlb + given what they have already announced. How quick was this? everyone spends yonks getting a resource and these guys already had it. I expect plenty of good news out of this company and their past mergers indicates to me that the game is not over. Are there more major dumps near them that have uranium? might be worth a little research to find out. I seem to remember that the area has other major dumps and they are likely to have uranium in them as the whole area was a major producer of the stuff. Mintails could just keep growing. dyor.
MLI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
