That's really nothing major IMO. A couple of hundred k here and there is chump change. Personally the bounce off .024 to well above the cap raise already is extremely positive. Lithium and Graphite are shining at the moment, both markets took off, retreated substantially and took off to new highs the last 12 plus months.
I expect something similar to happen here again following a similar trend. The U space has retreated from the initial influx of capital across the board and is still hovering even though the catalyst (Sprott) has arrived and the spot price is on its way north as predicted from many within this space. It is obvious for everyone here that the price of uranium could explode with Sprott and others buying and stashing physical quantities. Once others finally catch on to what is happening to the spot price and why, that cash will be back in droves.
Smart money is already in, now we just patiently wait for the fireworks.
All IMHO of course.
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4.0¢ |
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Open | High | Low | Value | Volume |
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19 | 1895944 | 0.038 |
12 | 5237333 | 0.037 |
14 | 3100154 | 0.036 |
19 | 2024764 | 0.035 |
Price($) | Vol. | No. |
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0.041 | 541737 | 4 |
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