back to one dollar for this stock, page-8

The Ferret is also on this.....

It was another good day for investors yesterday with the All
Ords index going well within a bull's roar of a record high.
A good measure of the newfound confidence was the alacrity with
which the punters seized on news from the speculative explorers.
Take, for example, URAN (ASX:URA).
After a fall of 3.5c on Wednesday the stock opened at 28c.
However, the buyers moved in late in the morning and Uran closed
up 11c to 39.5c.
What spurred the action was the announcement that Uran had
signed an MoU with two government agencies of Kazakhstan to facilitate
the acquisition of advanced uranium projects.
The parties will co-operate closely in exchange of technologies
in the fields of exploration, mining and processing.
Particular attention will be focused on the establishment of
economically effective and environmentally clean technology in mining of
uranium in small to medium-sized deposits.
All sounds a bit like a motherhood statement but it was a red
rag for the share bulls.