No-one has ever doubted the quality of the deposit. It is a beauty! However traders would be stupid to ignore the downtrend, the dilution and the fact that Geoff the Gallop is the most vehemently opposed to U mining because he has the luxury of so many other minerals fueling the royalty bonanza. Uranium is only going to increase in value. Punters are also too forgiving when it comes to dodgy plays and announcements by management. Remember the Kintyre announcement? Redport were at the U mining Conference in Perth a couple of months back and I have to say I was unimpressed by their arrogance. So I love the deposit just think it is being run without the punters interest at heart! Be careful in the short term! But when the veil is lifted this stock will fly! Just have to ask yourself whether you want to buy and hold over a correction or crash in the Dow? Because that is more likely to occur before a reversal in the WA governments stance on U mining. Good luck all!
RPT
redport limited
manipulation then dilution, geoff presiding
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