market action, page-3

Ayin,
Like you I did quite a lot of money on CUO since I believed that they had a great potential. I opposed the "merger(?)" with Minsec because I had bought CUO as a pure copper play. Unfortunately I did not follow my instincts and get out. Nothing much has changed - other than a flood!. CUO still has potential and CFE should be able to unload it or have an IPO which will result in the benefits flowing to shareholders. Unfortunately CFE is run out of the West and appears not to be trusted by the Instos and brokers; hence the low price. The jury is out on Tony Sage. He is flamboyant and that does not wash well with the establishment. Also, various dealings have involved the Russians and to add further spice to the mix some notorious characters out of Melbourne's "Underbelly".
I cannot understand the trading pattern on CFE. The large sells at 0.43/0.44 would indicate that there is still an overhang of shares being unloaded and that is capping the price during a market run. My thought is that the recent purchase by UK instos of Evraz's shares at 0.35 are being unloaded by them to take profits. It needs CFE to release positive information on its actions with Lady Annie: either a sale or details of an IPO.