TSXV:VEC.H - Post by User
Comment by
seanyboyon Aug 06, 2010 2:43pm
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Post# 17328895
RE: dead cat bounce
RE: dead cat bounceThe price spike was a knee jerk reaction to the pop in U, which is not thought to be a signal of immanent further increases by those who know the market. I expect us to trade closer to 0.10, which is a good accumulation level. This is a long term play. Any buyers should be willing to sit on their shares for years for when the long-term supply/demand situation for has a chance to move URC far higher.
Reports of immanent bankruptcy are lunacy. URC has had no problem raising money, and cash infusions have been well spent increasing the resource.