Im in for a trade, Looking at the chart could see further movement here, last run on RAU that started like this was back in early sept 2007, started from 2.5 rallied to 4.9 & retraced to 3.5 then over the next few days ran to 5.5 then to 11.5 before the mega pump to a ridiculous high of .27, not saying you will see those highs anytime soon but possible .05 -.08 shortly, the trigger here for RAU is obviously GOLD, the gold price is rallying towards $1000 & RAU no doubt has some good on market backers on board that can move the stock & attract the markets attention, with current breakout & volume its a traders paradise so one to watch, will be volatile but may just break through .05 shortly, RAU has around $4mil in bank so no need for placement atm, posible some news to come regarding "Resource upgrade expected in Sept" thats quoted in the investor presentation 22 july 09 page 12
dyor...
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- can go higher... resource upgrade due
can go higher... resource upgrade due
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