17c to 25c a 50percent gain in..., page-2

here is possible reason for the strong buying. Talisman as part of this deal on U spin off has to purchase 5 million shares in PRW. that is equal to 14% of listed capital.
Therefore the directors buying at 18-20c was no coincidence.
we now have reverse head and shoulders, Talisman buying up major stake, followed by U spin off in the 2nd half of the year.
i expect some volatility btw now and then but should be an uptrend with a return to the 38-39c region very possible. Market cap at 40c is still only $12 million.

cheers andrewe

Talisman Mining and Proto Resources and Investments have agreed, in principle, to vend their combined uranium exploration assets into a new company to be called Protal Metals Group, with this company to subsequently raise funds to continue exploration and development via an Initial Public Offer (IPO), and subsequent application for listing on the Australian Stock Exchange. It is anticipated that the capital raising of approximately $4m, and subsequent listing, will take place in 2H07. In addition, subsequent to the IPO and listing on the Australian Stock Exchange, Talisman is expected to have a shareholding of 5m shares in Protal equating to approximately 14% of the total listed capital.