Lets do some research on the annoucements shall we - oh by the way if u borught at $1.40 and are still holding at 20c erm why didnt u put in a stop loss 15% limit and sell out at around $1.18 ?
anyway apart from the overall market dropping ( big factor) uranium stocks-speculative coming right off the boil - most of em have dropped and dried up volume wise drops have been 50-80%
the propossed issue of unlisted shares ( highly dilutive and discounted) so market sold it down to that level and lost confidence
realease of shares from escrow ( also a big negative pushed hte price down)
the poor quarterly cash flow ( specifically cash at bank dropped off quite sharply)
and lastly its an explorer cash burn without results and movign to BFS - bankable feasibility statement and other steps to mining production and ultimately profits.
I think this sums up why it has dropped like a leg sinker in water
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Open | High | Low | Value | Volume |
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4 | 40469 | 0.265 |
4 | 53927 | 0.260 |
4 | 41128 | 0.255 |
6 | 60931 | 0.250 |
Price($) | Vol. | No. |
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0.275 | 15265 | 3 |
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