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« Utility Companies: Where are your brave captains of industry? | Main | Rampart Ventures Ltd: Up 12.5% yesterday »
Thursday
Feb222007

MEGA URANIUM LTD: Up 12.8% Today

meg1

Mega has a double whammy today!

Firstly, Mega Uranium issued a general communiqué today to announce encouraging results in the first batch of assay results received from 11 holes in the 50 of the core validation-drilling programme being implemented on its Maureen uranium resource located in the Georgetown region of Queensland, Australia. This property contains a pre NI43-101 historical Indicated resource of 2.38 million tons @ 0.12% U3O8 (6.5 million lbs. contained U3O8)

Secondly Mega Uranium experienced the benefit of a $10.00 rise in uranium resulting from the sealed bids auction for 100,000 pounds of uranium.

[We think the buyers will look back on this as a cheap deal and pat themselves on the back for being brave enough to be the highest bidder. There is no prize for second place so the “also rans” will be under a little more pressure to succeed the next time around.]

These two events combined to push up the stock price with heavy volume, which was three times greater than previous days as we write and the day is not over yet.

Mega Uranium can be found on the TSX under MGA.


22 February 2007



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Reader Comments (3)

I don't know why this website alway headline something about the uranium companies but the news is 2-3 years old

August 27, 2009 | Unregistered CommenterBoon Tse

Boon Tse,

Some time ago our readers asked us to group together articles about a particular company so that they didn’t have to search the whole site to see what we had written in the past about that company.

So we came up with the idea of relating articles by the company name, which works well for Cameco as the system then groups together those articles about Cameco.

However for articles of a more general nature the system does not work so well. Hopefully we can improve on it in future.

Best wishes,

Bob

August 27, 2009 | Unregistered CommenterUranium Stocks

Hey Boon,
We asked for this newsletter so sit on my Uraniun
P38 Space Modulator!!

August 28, 2009 | Unregistered Commenterjayme

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