I would dearly love to agree with people and say that this won't affect the shareprice....but I can't....I didn't see an awful of of depth today on the buy side. Then again removal of the selling pressure from MK's son might balance the situation a little more.
It will only take a few sellers to drive the price down again tomorrow, and there will be enough holders panicking I would suspect to do so....
Though it's never nice to look at a hammered shareprice, it makes no real difference to me...for me this is an investment over at least 12-18 months....a risky one....but one that I, with respect to my personal circumstance, feel I can afford to have.
Concern over dilution due to the SPP by some is unfounded I believe....It will be capped to raise $5.5 million....obviously there will be more shares issued than a month ago, but hardly enough to fret about, particularly if what shareholders hope will transpire here with Uran do.
My two cents....and hopefully that's more than what I end up with here!!
:)
URA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held