The S&P ASX200 has just been rebalanced, and it looks like we've missed out on admission by a bee's dick. SIQ was the smallest new admission with a market cap of $724m, which is broadly similar to our market cap.
It should be obvious to everyone on this thread that even if our fundamentals did nothing, the mere fact that we are tightly held combined with the fact that the ASX200 is THE main index in Australia, would ensure that the forced buying that would take place upon admission, would send our SP to the moon.
We've missed out on this rebalance, but if we have another good three months (or if we tread water while the rest of the market falls down around us), then we'll get included into the ASX200 in January.
Combine this with the fact that spring and autumn are the times of the year when Uranium prices tend to make their biggest moves, because that is when utilities do most of their contracting for their stockpiles, and insiders almost universally agree that the price of Uranium is going to go up over this refueling cycle and you can see that the bull case for this stock is very strong even without paying any attention to the excellent specifics of our technology.
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Last
$3.41 |
Change
-0.010(0.29%) |
Mkt cap ! $808.9M |
Open | High | Low | Value | Volume |
$3.40 | $3.54 | $3.39 | $2.560M | 739.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5475 | $3.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.43 | 487 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5475 | 3.410 |
3 | 14112 | 3.400 |
3 | 4612 | 3.390 |
4 | 13923 | 3.380 |
1 | 487 | 3.370 |
Price($) | Vol. | No. |
---|---|---|
3.430 | 487 | 1 |
3.440 | 487 | 1 |
3.450 | 487 | 1 |
3.460 | 4112 | 2 |
3.470 | 6997 | 3 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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