Today changed the recent trading pattern. Maybe Native Title approval granted.
For the last week, someone has been accumulating at 0.017. Normally 28 orders
totalling 3-4M, with more orders at 0.016. When sellers want to get out, they get
their fill. Things changed today.
Being a tightly held stock , today's volume shows there is a lot of interest in CUF.
And why not? Do a bit of research, and they are not a one trick pony, like others.
CUFE has 5.51M cash, huge stockpile of high grade iron ore hedged at $120t,
interest in Copper play, and more. CUF is shipping ore already, so infrastructure
and contacts and contracts are in place. Q2 report is going to be huge.
West Arunta. If this comes up a duster, doesn't matter. Still making good coin.
However, when you look at the size of the tenements, as compared to LYN,
it's like comparing a whale to a goldfish. Unless LYN got lucky.
Perfect storm. Right place, right time, right revenue stream to fund drilling.
I wonder who the accumulator is? Might be for the iron ore, more than Arunta.
Time will tell. Still have buy orders in the market, but think 0.017 is a bit low,
given today's action. Thought 0.02 close, nope, 0.021 close.
Will be watching tomorrow's action. GLTAH
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