I appreciate your comments and also try to look at the big picture/long term but what has concerned me is the drop in the price from 24to13'5 cents.Considering the assets we have this is oversold.We don`t know if this would not have happened anyway but I dont believe it would have been that quick if there was a cap raising.Uranium stocks are not popular at the moment but IMO I believe they could have easily had waited till the new year. Their timing under the circumstances was an insult to those that bought in at15+. IMO many of those were investors although long term they were let down.They now will be very cautious of future news and price increases which could see a lack of support when good announcements are made.This IMO is important to any successful company.
SHARE PRICE IS IMPORTANT AND ALLOWS FOR A COMPANY TO GO ABOUT DOING THEIR BUSINESS TROUBLE FREE. Upsetting a major shareholder can destabalize a company and distract it from what it should be doing.
ANNOUNCEMENTS
10/12 9/12 25/11 18/11 17/11 10/11 4/11 29/10
That was how often they were putting out updates. 2/12 cap announcement. I also accept the S/P may have been too high, just to be fair and realistic.However I believe that s/holders have told the directors what they think by selling out.
AFR Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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