After graduating with first class honours in economics from Lancaster University in 2006, Jamie spent a number of years as a private client equity dealer gaining front-line experience in the investment industry during the most fast paced and volatile period in financial history. Having acquired an insight from both professional and individual investors, Jamie joined Proactive’s growing editorial team in 2009.
Mine development work is progressing, financially the company is in robust shape and interest from potential strategic investors is said to be strong
88 Energy, which has put the Icewine-2 programme on hold for six weeks, had some A$31.6mln of cash at the end of June
Icewine-2 was suspended on July 10 for a period of six weeks, in the meantime the company is taking stock of what the findings-to-date may mean for the HRZ shale play
Investors will have six weeks of uncertainty before they'll know whether the share price drop was an overreaction.
A programme of well stimulation and testing is slated for June/July.
Range expects the deal will significantly lower its costs and provide substantial operational flexibility.
Mine construction and development is advancing at the Salamanca uranium mine in western Spain.
The company is raising US$1.4mln from two investors, who each now own 9%.