RE: RNS x221 Nov 2024 20:33
Think about it, I know EUA is currently out of cash however. They are talking about EUA 2. Somewhere to reinvest.
A few reasons why I think that.
CS has retired from everything else, apart from EUA & Metal NRG last year. This was just a main market shell back then.
EUA have looked at over 100 projects for EUA 2.
MNRG have looked at over 100 projects.
Timelines are similar.
MNRG has announced that it has made an unbinding offer for a large mine. With everything bar a £5,000,00 funding gap. Orion wouldn’t have given £25,000,000 without knowing this could be filled.
It’s progressed without announcing who is funding this, strange, EUA is clearly delayed but confident. Why wouldn’t CS want to invest in this, he is apart of the team that has found this asset.
I strongly think this is where EUA 2 is investing its money. Could be wrong. All IMO