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Re: carl405040 post# 147

Thursday, 06/12/2014 11:00:01 PM

Thursday, June 12, 2014 11:00:01 PM

Post# of 174
Potentially there could be an RS. I think they are just covering all the bases prior to securing some capital/financing for the completion of their drill program this summer.

I believe they need $3M to fully fund the drilling program and prove up targets. Which will seem like a drop in the bucket if the targets are as good as they are expected to be.

There is also a possibility the may get a JV or some kind of equity financing and the RS wont be necessary. In the current landscape of Uranium juniors they need to keep all their options open.

I am holding as I see lots of potential upside here at the current PPS. I do have a stink bid in below .02 if it gets down there, but I doubt it will.

GLTA