Mega plans $53m raising for WA uranium

Canada's Mega Uranium has stepped up its bid to become the state's first uranium miner with the launch of a $52.5 million capital raising.


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Sounds good to me. It's about time we get this show on the road and, maybe, get the uranium market out of this deep depresson.

Novi, Michigan, USA
Will existing shareholders be offered the same oportunity? If so, when will they be notified? I am an existing shareholder of both Mega and Pinetree.

Well, it would have been nice if overseas investors had been allowed to participate. Now our holdings have been diluted

Why is the market reacting so negatively to this offering, or is there something we're not seeing?

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