MNS 0.00% 4.2¢ magnis energy technologies ltd

patersons are the sellers guys, considering they paid 32cents a...

  1. 702 Posts.
    patersons are the sellers guys, considering they paid 32cents a share just 4 months ago, i ask the question what has changed with this company since? Uranium was as bad sentiment back then, we are closer to a JV with our coal, and uranium looks to have bottomed with Macquarie coming out with their uranium report expecting uranium to run from $50 now to $90 in 2013.

    I came to the conclusion that pattersons is only selling not for stock specific reasons. On the plus side, jp morgan has been buying.

    Uranium has been downtrodden for so long, and I am in for a punt as I believe it will turn around sooner then later, with most uranium specs sitting at all time lows, UNX is cashed up, so its not as though we are going belly up, and with all those $billions of investment dollars flowing into near by coal tennements, the market has to wake up soon.
 
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