C29 0.00% 6.9¢ c29 metals limited

Bid strength increasing at CR level.Nice. Opportunity is where...

  1. 26,867 Posts.
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    Bid strength increasing at CR level.
    Nice. Opportunity is where you find it.

    You never know, when the next Ann comes that reminds the market of this opportunity.
    Never have i seen an ASX Uranium stock with a 45m x 6000 PPM, listed for around 11m mc, in a jurisdiction that will actually let you mine it.

    Of course there is the tranche 2 sellers, who may be potential supply in a month or so. But whoopie.
    Because its a betting game, of when someone decides this is worth bags more. How much dollars becomes aware first. The patient may wait out the supply to accumulate, the impatient might get a run in the avalanche of attention this deserves. And ultimately hit the tranche 2 speed brake. But having a core position at more or less the CR level, takes out the unknown of when that next ann comes for mine. Not investment advice.

    There are occasions, when the flow of market awakening, can exceed the acquisition CR supply.
    In an asleep market, the tranche 1 supply, has reached its CR level. And accumulators have taken their fill from 12c to 7c. No guarantees of what Awareness = market awakening, V supply for tranche 2.

    They said they could log some radiation measures by accessing the old holes, etc. All part of the forward plan.
    Just too good to be a hidden secret for too long. Yet these are the days i have the thread mostly to myself.
    Its like walking into a concert venue, and taking a front row seat.
    Last edited by stevenjd: 08/04/24
 
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