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Cauldron Energy is preparing to pounce

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Cauldron Energy (ASX: CXU) is in a trading halt this morning on the news that the company is preparing to announce a material acquisition.

Worth noting Tony Sage is the executive chairman of the company, which is focused on uranium in Australian and Argentina, while also having exposure to base and precious metals in South America.

Cauldron had $3 million in cash at the end of 2012.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 19th March 2013.

 

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Quick facts: Cauldron Energy Ltd

Price: 0.016 AUD

ASX:CXU
Market: ASX
Market Cap: $5.27 m
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