Time to buy again??It may be time to be buying UNB. We have seen a nice run up followed by a proper decline or retracement. Check out these current bids:
Time..#.. Size Bid
14:19 2.....31500 0.80
14:13 2.....75001 0.79
12:35 2.....60000 0.77
09:23 1.....10000 0.76
13:59 3.. 217413 0.75
05/14 1.... 50000 0.74
That's some good support down to .74-.75. That is a much higher base than before. Looks like a trendline could be drawn that makes the low to mid-.70s a new floor too. Then again today's .79 low could have been the bottom before the next run???
What is even better is that Duncan has been getting the story out as evidenced by the Pinetree buy. Now, can he get himself in front of the boys at Sprott? Add in some marketing by Renmark to Duncan's efforts and a continuation of strength in the moly market and UNB can easily see another push higher.
Let's not forget, UNB has the moly in the ground, not to mention plenty of news in the can that is waiting for the proper time to be let loose.
Hmmmm, if this Arcadia deal should ever get some gold proved up, UNB could be the Moly company with the golden lining!!