RE: 91000 shares were bought Exceptional day today, as we touched another fresh 52 week high. This companies share price has been surging the past few months, and I'm certainly not complaining at all. However the fundamentals of this company have not really changed, other than the recently over subscribed private placement. I just think it's speculative money moving into the Burkina Faso plays as the rainy season has ended and drilling has resumed in the area. Lots of "new money" finding its way into this play, so taking profits along the way (to reduce risk) seems like the prudent thing to do, and to protect yourself from the eventual downdraft. Who knows, this stock may never correct, but looking over the chart it sure seems like CHU needs a bit of a period of consolidation. Stock has been a fantastic holding for me, so I guess I just would like to see some news soon so the stock can maintain this current rally.
Cheers
This has been a fun ride so far ( I'm still holding my freebies)
MrCashflow