The fund out of WA that has been selling Uranex over the last 3 months approximately has officially sold all of its shares as of close of business yesterday.
My understanding is that it was a superannuation fund that had to sell Uranex from the time the market cap got below $30 million and was still in the process of doing so until yesterday. With this selling occurring on market the price was dragged as low as 5.2c.
Lets now see some blue sky on this stock and head towards the 10c range in the near future. Selling resistance has been removed so punters will need to step up to the plate.
It has been a bloody painful journey.
Todd Luck all.
Matt
seller is officially gone
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