RE: Somebody wants the Stock Price upPartly agree with you, partly not.
1. This is not only uex story, but also could be a industry sector phenomenon, because - not only uex, but cco-t, ccj-n, mga-t up too on Fri.
2. As Lawrence proposed few weeks ago :
"Over the coming weeks, investor sentiment is almost certain toimprove, for a number of reasons. First, the pain of the last meltdown isfading. Secondly, any rise in the spot market will trigger renewed investorinterest. Most importantly, once investors begin to look objectively at thecompanies in the uranium space, they will see some compelling valuations.
Another important trigger will be further consolidation in theuranium mining industry. The large and the mid-tier producers have a firm graspof the big picture in the longer term. They want to grow their productioncapabilities. There have been a number of deals over the past few years thatbrought small companies together to create mid-tier producers.
There is a huge value creation in going from a small one-projectmining company to being part of a larger multi-mine producer. The combinedentity often has a value well in excess of the sum of the parts before themerger. That boost in value comes from a number of sources:
- The perceived risk is lower for a multi-mine company compared to a company where the entire value is dependent on a single mine....."
Refer:
https://www.kitco.com/ind/Resopp/apr262010.html
3. As uex has found significant u resources, in politically and economically stable Canada, compare to its peak price, it is 10 times cheaper than before, so I guess it is thebest candidate for merge and acquisition.
THIS COULD BE THE REASON "SOMEBODY WANTS" UEX UP. My gut tells me, cco may believe this is the right time to merge uex, while other companies have little hope to "eat" uex, because cco controls uex. Foreign countries may like uex, but for political reasons, they have little hope to get it.
4. TA -
After financial tsunamy, cco rebound from $14.3 to $34.5 with a clear 5-waves pattern. Then, since Jan 2010, CCO has finished 3-wave correction, come back to $24, with a 50% regression. Now the most destructive wave C has almost finished, I guess. CCO and whole U sector may turn up from here.
In the last 2 weeks, when whole market was in a panic mood, free fall down, see sp500, DOW, NASDAQ. CCO CCJ, are relatively stable, smart money kept accumulated it. Now, IF (big IF!) cco can hold above Friday's low of $24.5, then it has got "higher low" - that would be the first condition to start up-trend.
Now, as whole market may get a little bit stabler than a few days ago, (short term bottom?) and IF (big IF!) Europe countries don't get more big troubles again in coming weeks. I guess, cco uex and whole sector has a good chance to get some bullish run.
Just My guess for discussion and I could be deadly wrong.