New float touted as lowest risk uranium play

摘要

Described as the lowest risk play in the uranium sector at present, Jindalee Resources Ltd has assembled a number of Western Australian and Northern Territory prospects via its wholly owned subsidiary Energy Metals Pty Ltd. The latter will be spun out of Jindalee and the new float is looking to raise about 3 million dollars. In a recent report on the company by Far East Capital Ltd, Warwick Grigor said it would be difficult to see how the float of Energy Metals will not be highly sought after. "The only way of getting stock is via a shareholding in Jindalee," he explained. "It is a company that could suit investors who want exposure to the upside from exploration without the high management risk."