Hi Smity. Yes it was weathering the storm OK up till yesterday. Hopefully it will get back up around 40c-41c again by the end of the week & b4 the next drilling results. Even at this price it is no where near the pain for some U stocks. Tight register, good neighbour & high grade resource being proved up :-)
I think we will just see a couple more drilling results over the next month till the end of the 60 hole program. I would say these will confirm the high grade deep fault with 30M tonnes + at high concentration. After that will be the interesting move. A few senario's any of which will be good. Hopefully by then the world markets will have brightened & UNX SP will jump to the next level.
One 'problem' is that there are a lot of beaten down 'good' U stocks out there to choose from at present, some exceptional buying around, so UNX will have to compete for the capital inflow with a few others as the U sector recovers. I have brought into a few but all to early as it turns out. Still have a bit of powder left I am keeping dry & trying to pick a good entry into a few U stocks.
This is a once in a life time opportunity as there will be no coming back down from the next U run, which logic says can't be more than 6-12 months from starting - famous last words :-)
I hope not too much of the 'blood on the streets' is yours. The U sector certainly has been hit by the perfect storm.
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