taking into consideration , yesterdays move to 2.6c, commenced when 2.2c was taken out suggests the accumulation or pivot point is 2.2c
the current sells into 2.2c are raltivey small and this suggests that its not where the smart money is....going back to fundamentals for a moment...the 2nd lease arrangement is currently in the process of being handed to RSL and will be due to be released inside a week or two.....considering this lease has historical information regarding Uranium anomolies it will adfd value to the current asset base and essentially add speculative value to the current shareprice...im picking that when the announcement is released we could see the shareprice trading in the 3-4c range ...whenever a company increases its asset value the base shareprie needs to go up to support the new asset....RSL comparisom on thier website was interesting as they drew comparisoms to the likes of PDN...go take a look...ths was purely based on how many tenements they have in australia and Africa...cheers JAM
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