This is far from traders taking profits. Cheap supply is flooding the markets. UBS today relased a note expecting a further 40% supply increase this year (take that with a grain of salt however). LTR debt financing falling through today is a huge indicator. Other mines are entering 'care and maintenance'. Only the very best projects (lowest cost curve) will be valued by the market over the next 12-24 months. New discoveries are almost worthless at the moment. Just look at PMT's discovery holes for CV9. Every bit as good as CV5. Market didn't blink, and it's SP is now down 40+% since that find.
Right now you need to be talking Uranium for any traction at all. Watch the shitco explorers rebrand that way at pace over the next 3 months.
This is far from traders taking profits. Cheap supply is...
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Last
15.5¢ |
Change
0.015(10.7%) |
Mkt cap ! $41.51M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $26.71K | 180.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 520718 | 5 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| YRL (ASX) Chart |