I think we are all waiting on someone to post something relevant as to why this stock has done so well over the last couple of weeks - not pure speculation as to where the price might go.
Hopefully someone can shed some light, as the company hasn't given away much with their response this morning.
If it was anything to do with Yanrey - you would expect to see ASX:EMX moving aswell, given that they hold permits on the same strike. Not to mention the project only has an exploration target of 25-35 Mlb's. Currently unproven and companies on ASX with uranium assets in similar size, fully drilled and JORC compliant have smaller M.Cap's than CXU currently.
Definitely not driven from general Uranium industry news - no other Uranium assets are under the same demand.
Could it be Maree results?
CXU Price at posting:
55.0¢ Sentiment: None Disclosure: Held
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