This is good news. Natural next step. Need funds to proceed. Not dilution because no earnings to dilute. Just read the 2013 Annual Report posted on their web page and insider options from $1.50 to $3.00 range. Management highly motivated to get mining started and share price up.
the current trend is all mining on hold due to over supply of uranium and will stay that way until pricing is moving up. Cameco has been selling it's Uranium at a loss based on current price...trend is not looking good right now for a while if you ask me.
I agree. I have been looking at some of the uranium juniors, but I think it's premature. Many in Greenland would like to get the Greenland Minerals properties into production, however, so I guess it depends on whether a national consensus about mining emerges there. Big political struggle happening.