EL8 2.35% 43.5¢ elevate uranium ltd

there is history here

  1. 83 Posts.

    Polo Resources was founded by former senior management of UraMin Inc which of course was taken over by Areva for $US2.3 Billion.

    Polo Resources has just delivered 10% of Mey into Areva's lap but retain ownership of their swag of unlisted options.

    Polo's Ingram resigns from te board of Mey so we dont dont know if he has sold his shares in Mey but one would imagine that he could have included his shares in the Areva transaction if he want to sell.

    BTV must be in the knowledge loop given the common directorship of one director what they do or dont do will be telling.

    Its seems a certainty that Areva wants to bolt Mey's project onto the back of their own, it makes perfect sens and also dramatically improves the economics of MEY's project given you dont need to build and plant or worry about water at the Mey site if all the infrastructure is sitting next door at Uramin's (owned by Areva).

    Not even worth debating whether thats the intention or not, its the only reason Areva would have taken a position in Mey now.

    The question is really one when will Areva pull the trigger?

    Very soon we hope
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