I will not be surprised if CXU falls to 1.5c or close to considering it has been sold off 50% while all other U stocks are holding strong at all time new highs. 1.5c will be a value of approx. 7 million$. So the uranium asset will be worth 0$. Why don't we all offer to buy the asset off CXU for 100k$? And hold onto it for the next few years and sell it for a billion or two?
Personally holding off from buying now and waiting for another 40% decrease in SP.
Makes you wonder why management didn't take up the full placement of 2.7million$ at 3.4c if it was oversubscribed? Because now the SP is 25% lower than the placement price.
Placement heavily oversubscribed, with 180 Markets having received applications totalling in excess of $2.70 million in ~30 minutes before closing offer... but they only take $1.2million...
CXU Price at posting:
2.6¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)