WME...Another Uranium Prospect

[airedale]

West Australian Metals, a rather prosaic name for a mining company.
WME has an 80% stake in an existing resouce of U308 in Namibia at the Marenica Project close to the established Rossing and Langer Heinrich mines.
Cornerstone investor Polo Resources has just bought in for $9.9 million to underpin further drilling at Marenica.
New chairman Graham Woolford puchased 3.5 million shares on market for $.525 million of his own money.

http://www.stocknessmonster.com/news-item?S=WME&E=ASX&N=448996

[Shrewd Crude]

when is U production?
:cool:
.^sc

[airedale]

when is U production?
:cool:
.^sc

No date for production at this stage. An extensive drilling program is planned. Could be described as " Drill and thrill". Is Macdunk out there?:)

[STRAT]

when is U production?
:cool:
.^scDunno but its up 22.5% today and 81% since th 22nd of May :eek:

[KW]

Polo have been busy, also took a stake in IPT this week

[airedale]

Polo also have a strategic stake in Extract Resources, this year's outstanding uranium play. $1 to $5.90 so far. So Polo have some knowledge of uranium.

[Archer]

It seemed reasonable to me - so took a small holding today. A