GREY:YSSCF - Post by User
Post by
westaussieon Oct 25, 2005 7:56pm
104 Views
Post# 9766200
Bullish trend
Bullish trendAn interesting trend is developing in this stock, capitalized at only $9 million with only 27.6m shares on issue and a good majority of the shares are held by the Australian listed exploration company Thundelarra and close associates I would suggest that the turnover with steady and strong buyer support over the past 3 months would have the astute stock watcher penciling a buy and hold on ALZ.
Turnover has been :- August 2.18m, September 2.07m and so far this month 900,000 shares. Isolating a few trades that investors would have bought and sold at a profit I would like to suggest we are seeing a definite consolidation of shareholders.
It is pleasing to me that other investors have taken the same view as I that ALZ will be a big player in the Uranium industry.
All we need now are some positive news for ALZ to take off. This maybe sooner than later if some of the rumors floating around have any credence.