When you buy spec shares or are making the decision to hold or not you consider the cost and where you think the price will be when you want to sell. For the asset and the outlook for uranium AGS are very cheap. Possibly if you want or have to sell now you could miss out on some good share price increases. It is a gamble, what appeals to me is AGS is on the market, the potential for Itochu to do something in the near term and the possibility Heathgate will also join the action. Businesses like Itochu and Heathgate understand the uranium market better than we ever can and they like to buy assets cheap. It is a reasonable assumption even at 60 cents Ags is cheap.
With respect to Farmer I dont think pumped is the right attitude to approach any investment. I think cautious skepticism and understanding is best.
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