Memories here is crucial for bagholdersIt is easy with a few months to forget that most of the shares have been traded in Jan-Feb and Mar (50% of total 180M); they changed hands and now they are in a waiting zone until new management brings results. So far so good as we have permits, money, capital spent and resources in the ground...Forget the pushers down like last week because they want your shares at a ridiculous level. Lefmike is right as just the capex alone bring SP value around 2$.
When interest (volume) will come back and it will one day, supported by ebitda then it will go up quickly above the 2,50$ zone. When? Nobody knows and certainly not me but one thing is sure, uranium price is on the move and sky is clearer since permits are back. With TSX review behind us later, then financial market will take a position for mid-term.
Here is an example of two trading days in the 1,60$ range, These bying guys want their money back and they will certainly hold:
| | | | | | | |
| 03/15/2010 | 1.680 | 1.690 | 1.620 | 1.660 | 21,862,328 | -0.020 | -1.19% |
| 03/12/2010 | 1.680 | 1.860 | 1.610 | 1.680 | 20,089,354 | 0.190 | 12.75% |
Good luck all long and do your own dd! This one has potential from where it is now...