Gday Anzac Kiwi,
It is my opinion that the price will only go higher once the scheme booklet is released. Also, I do know the prop traders in Sydney buy at ,3 and try to sell at ,4 . They do not pay tax or brokerage on their trades so they skim a 33% gain here . This acts as a cap until the natural buyers emerge.
The ratio of Energy Fuels and Uranez had acted the same way.
Most of the weak holders have sold .
Finally, the price was ,2 when it was suspended in late January for the merger announcement. So the share price is actually higher.
Cait
This is the type of agreement we shld be seeing. PDN bond issue. Tier 1 U308., page-58
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