RE: Another acquisition and non dilutive funding13 Aug 2024 18:35
Any 100%+ daily rise is significant and usually one can expect some cooling off/retrace.
However, this share may prove an exception for the following reasons:
- mcap only £14m
- transformational acquisition announced today which significantly alters the fundamentals
- uranium and gold asset acquisition with NPV of $17bn announced
- fully funded via AUO and no raise/placing required (again confirmed by Jason Brewer on X)
- further significant acquisition(s) to be announced by end of Aug (as mentioned in the interview today)
- previous broker note of 3.3p target does not account for today's monster RNS which necessitates a revised target of 5p+ (very conservative)
DYOR and GLA