21st Mar 2005 10:03
Murchison United NL21 March 2005 Murchison United NL ("MUR") received a letter today from the Australian StockExchange Limited "noting a change in the price of the Company's securities from9.3 (Australian) cents on 18 March 2005 to a high of 12 (Australian) centstoday. We have also noted an increase in the Volume of trading in the Securitiesover this period" Attached is MUR's response sent to the Australian Stock Exchange, which weunderstand will be released to the ASX market before the start of trading inAustralia tomorrow. 21 March 2005 ASX Operations Pty Ltd Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000 RE: ASX- Price query In respect to your letter today we advise that: 1. and 2. The Company has no information that has not been announced which,if known, could be an explanation for recent trading in MUR securities. On 2February 2005 MUR announced that it was commissioning SRK Consulting to completea review of the prospectivity of a landholding package for uranium in thecountries of Niger, Mali and The Republic of Guinea. SRK has commenced theirreview of Guinea. To date no report has been received other than the initialpreliminary report referred to in the 2 February 2005 announcement. MUR is notexpecting any report in the near future. As soon as MUR receives SRK's reporton the prospectivity of uranium in those landholdings it will update the marketin accordance with its obligations under Listing Rule 3.1. 3. The Company is not aware of any other explanation for the pricechange or increase in volume. 4. The Company confirms that it is in compliance with the ListingRules and, in particular, Listing Rule 3.1 If you have any queries please do not hesitate to contact me. Yours faithfully Joe Schiavi Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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