downward pressure
This collapse can only happen if someone with very deep pockets is clearing them out. It predates news of another Sendai delay, happens in spite of more lbs added to PLS, and is well-organized: several hundred thousand shares up for grabs at a buck yesterday, steady orchestrated erosion of SP for days now. (And weeks before that)
This isn't Uranium falling further out of fashion, or adherence of the graph to some BS laws the chart astrologists would have us believe. Someone wants PLS badly, and wants to force an early bid on us as soon as NI 43-101 is done. It'll be imperative that FCU get a TSX listing immediately after, and all suitors take a good look at all results to date ASAP after that. We may never make it to a revised estimate.
I can't believe the traders are this collusive, or this willing to risk being left behind, as to try shaking shares loose. I hope none of us are using stop-loss on FCU; it's the only thing I've ever bought that I wouldn't put a stop-loss under. Or am I missing something?
I think it's China. Who else can spare the cash right now? For discussion please. And I'm not a conspiracy fan.
GLTA